Repsol is considering selling up to a 49% interest in its assets in the Eagle Ford play in South Texas.
Spanish energy major Repsol could be the next company involved in the mergers and acquisitions wave in the U.S. shale patch as it considers selling up to a 49% interest in its assets in the Eagle Ford play in South Texas, Reuters reported on Friday, citing anonymous sources with knowledge of the talks. Repsol , which has acquired Eagle Ford assets from Equinor and Inpex in recent years, operates wells that produce around 50,000 barrels of oil equivalent a day boed in the shale play.
A deal for a minority stake sale will add to the numerous transactions announced in the U.S. shale sector in recent months, including in the Eagle Ford. Last month, Crescent Energy said it would buy SilverBow Resources in a deal valued at $2.1 billion to create a major player in the Eagle Ford formation. The ConocoPhillips-Marathon Oil deal will also feature Eagle Ford assets.
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