Deal Insight

Plains acquires Eagle Ford acreage for US$578 million

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Plains E&P has announced the acquisition of 60,000 net acres in the Eagle Ford Shale in South Texas for US$578 million. Most of the acquired acreage lies in Karnes County, straddling the oil-rich and gas-condensate windows of the play. Plains estimates net resource potential at 140-175 mmboe.The deal is aligned with Plains' strategic shift away from high risk and capital intensive operations in the Gulf of Mexico (GoM), towards onshore liquids-rich unconventional plays. Plains is ...

Table of contents

  • Executive summary
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 3 images and tables including:

  • Plains Eagle Ford Acreage
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Plains acquires Eagle Ford acreage for US$578 million

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