Anadarko is also
jumping on the Eagle Ford bandwagon by having exclusive talks with a partner
for JV. Anadarko plans to double its drilling activity in the Eagle Ford to
more than 200 wells this year, as it looks to boost output of petroleum
liquids, The company estimated ultimate recoveries from existing Eagle Ford
wells to be 450,000 barrels of oil per well on average. Anadarko’s JV
plans in Eagleford is a significant development, as it has the past record of pulling off one of the priciest joint ventures with Mitsui ($14,000 per Marcellus acre) in 2010.
In the past also
companies reaped the benefits by striking JVs in Eagle Ford.
Heading
|
Deal Value ($MM)
|
Hydrocarbon
|
$/Acre
|
Announce Date
|
CNOOC and Chesapeake
form JV
|
2,160
|
Oil
|
10,800
|
10-10-2010
|
Talisman and Statoil
form $1.3B JV
|
1,325
|
Oil + Gas
|
10,900
|
10-10-2010
|
Reliance and Pioneer
form JV
|
1,315
|
Oil + Gas
|
11,111
|
06-24-2010
|
KKR and Hilcorp
Energy form JV
|
400
|
Oil
|
10,000
|
06-14-2010
|
Talisman contributes
acreage to JV
|
180
|
Oil + Gas
|
9,730
|
10-10-2010
|
BP and Lewis Energy
form JV
|
160
|
Gas
|
4,000
|
03-02-2010
|
Swift Energy and
Petrohawk form JV
|
39
|
Gas
|
3,000
|
11-02-2009
|
Blue Stone and
Abraxas form JV
|
18.75
|
Oil + Gas
|
3,000
|
08-18-2010
|
No comments:
Post a Comment