Private equity eyes rebound in Eagle Ford with acquisitions, enhancing existing assets

摘要

Expectations that Eagle Ford shale oil and gas production will continue to decline over the next several years is not stopping private equity firms from jumping in now to stake out positions in the resource-rich South Texas play. KKR and Venado Oil and Gas said September 29 they were teaming up to acquire new Eagle Ford assets and enhance existing ones. While they did not disclose how much they plan to spend or where specifically their focus will be, they said in a joint statement they “see the opportunity to build a large scale, long-term business.”