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The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data. ....
Marathon Oil’s transaction, along with other Eagle Ford deals and Chesapeake Energy Corp.’s efforts to sell its South Texas position have put the play back in the M&A spotlight. ....
Public buyers are likely to seek out these private E&Ps in the Eagle Ford Shale while Chesapeake Energy is gearing up for a sale that could be worth $6 billion. ....
San Antonio Inno - South Texas Drilling Roundup: GulfTex Energy plans for two new McMullen County wells bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.