Aurora sells Eagle Ford acreage for $2.35 billion

摘要

Eagle Ford-focused Aurora Oil & Gas Ltd. (ASE: AUT) has agreed to sell the company to Calgary's Baytex Energy Corp. (NYSE: BTE) for $2.35 billion, including assumption of C$744 million in debt. Australia's Aurora has been focused on the Eagle Ford's Sugarkane Field, which is 97% held by production. The company is developing 22,100 largely contiguous net acres there, and in the third quarter of 2013 drilled 10 new net wells. The company's acreage is in Karnes, Atascosa and Live Oak counties, Texas.