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Equinor Divests Eagle Ford Position to Repsol for $325MM; Also Selling 20% Stake in Momument Prospect

By Criterion Research
November 8, 2019 -

Equinor has entered into a deal with Repsol to sell their 63% interest and operatorship in the Eagle Ford Shale, which covers 69,000 net acres.  This will boost Repsol's position in the basin to 100% for $325 million.

In a separate deal, Repsol is acquiring a 20% non-op stake in the Monument prospect located in the Northwest Walker Ridge area of the  Gulf of Mexico,  


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Categories
Oil and Gas
Upstream

Commodities
Crude Oil
Natural Gas
Natural Gas Liquids (NGL)

Tags
Asset Sales
Mergers/Acquisitions

Regions
Eagle Ford
Gulf of Mexico

Countries
United States

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