Equinor sells Eagle Ford assets to Repsol for $325 million

Norway’s Equinor recently agreed to sell its shale assets at the Eagle Ford shale formation to Repsol for $325 million.

The company holds 69,000 net acres in the formation via a joint venture with Spanish Repsol, and its equity production from the Eagle Ford averaged 43,000 boe per day, or 2 percent of its total global output, in 2018.

Under the agreement, Repsol will be the new operator and will have a 100-percent interest in the asset.

For more information, visit www.equinor.com or www.repsol.com.

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