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In August 2015, in partnership with GSO Capital Partners, the company acquired its GEP Haynesville assets in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million. [5] In November 2021, the company sold its Haynesville Shale GEP Haynesville asset, then producing 700 MMcf/d, to Southwestern for $1.85 ...
The play is 50 miles wide and an average of 250 feet thick at a depth between 4000 and 12,000 feet. The shale contains a high amount of carbonate, which makes it brittle, and it is thus easier to use hydraulic fracturing to produce the oil or gas. [29] The oil reserves in the Eagle Ford Shale Play were estimated in 2011 at 3 billion barrels. [30]
In January 2024, a class action lawsuit was filed accusing EOG, along with seven other US oil and gas producers, of an illegal price-fixing scheme to constrain production of shale oil used to produce gasoline, allegedly leading to drivers in the US paying more for gasoline than they would have in a competitive market. [26]
It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil . As of December 31, 2022, the company had 2.376 billion barrels of oil equivalent (1.454 × 10 10 GJ) of proved reserves, of which 41% was petroleum ...
Southwestern Energy Company was a natural gas exploration and production company organized in Delaware and headquartered in Spring, Texas. [1] In October 2024, the company merged into Expand Energy. The company's primary exploration and production activities were in the Appalachian Basin in Pennsylvania and West Virginia, as well as the ...
The sale includes Reliance's interest in the assets in the Eagle Ford shale in Texas, it said in a statement. In November 2014, Reliance and Pioneer announced exiting their stake in shale oil and ...
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