Aurora Acquisition Cements US Eagle Ford Shale's Premier Status

摘要

Although further consolidation is expected in the Eagle Ford Shale as the US play matures, Baytex Energy's $2.3 billion agreed acquisition last week of Aurora Oil and Gas stands as a key mile marker in its progression. The deal will see the exit of the Eagle Ford's unassuming discoverer and further reinforces buyers' willingness to pay premiums for core resource play positions with proven track records (EIF Sep.25' 13).