Repsol Oil & Gas USA LLC, a Repsol subsidiary, has acquired INPEX Eagle Ford LLC from parent company INPEX Corp. A purchase price was not disclosed.
With the sale, INPEX exits its Eagle Ford tight oil development and production activities, the company said in a release Feb. 1.
INPEX entered the US tight oil business through acquisition of the Eagle Ford assets in April 2019 from GulfTex Energy. Most of the assets acquired were in in Karnes County, Texas.
Repsol acquired Eagle Ford assets in November 2019 through a $325-million deal with former partner Equinor, through which it became asset operator (OGJ Online, Nov. 18, 2019). That deal saw Repsol acquire some 70,000 net acres and 34,000 boe/d of production.
Mikaila Adams | Managing Editor - News
Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was named Managing Editor - News in 2019. She holds a degree from Texas Tech University.
