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Lewis owns at least 350,000 acres of the Eagle Ford Shale property. In 2010, British Petroleum began drilling on 80,000 acres of Eagle Ford Shale property that Lewis owns. [5] As of March 2018, he is the 1,756th richest person in the world. [3] He is worth US$1.3 billion. [3]
The Eagle Ford has sparked a renaissance of sorts in the Texas energy industry. Yet only five years ago, most investors had never heard of it. So put on a helmet! Here are the top five mind ...
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By 2017 the company sees production in the Eagle Ford of close to 150,000 BOE/d as it has identified 1,900 drilling locations that can be tapped to fuel that growth.
In February 2014, the company sold 82,000 acres in the Eagle Ford shale area of Texas to Devon Energy for $6 billion in cash. [3] [2] The assets were owned in a joint venture with a fund of The Blackstone Group. [4]
Rod Lewis, the son of an air force pilot and founder of Lewis Energy, purchased his first aircraft, an Aeronca Chief, in 1981 to survey the oil and natural gas wells his company owned. [1] In 1995, he acquired a T-28. and eventually founded Lewis Air Legends. [2] [3] In 2006, the organization purchased both the F8F Rare Bear and the P-38 ...
Devon Energy closed its previously announced acquisition of Validus Energy, increasing its production footprint in the Eagle Ford by 35,000 boe/d.
Linn Energy: $340 million Non-producing assets in the Hugoton Basin [14] 6 June 2015: Divestiture Enterprise Products Partners: $2.15 billion Midstream joint venture with Reliance Industries for assets in the Eagle Ford Group. JV was formed in 2010. [15] [16] 7 June 2016: Acquisition Devon Energy: $3.35 billion 28,000 acres in the Midland Basin ...