On Thursday, Norway’s Equinor announced that it will sell its shale assets in US Eagle Ford shale formation to Repsol for USD325 million.
Repsol will be the new operator of the 69,000 acres net (27,923 hectares) facility, with an equity production of 43,000 boepd, and will have 100% interest in the asset.
In a separate agreement, Repsol will acquire 20% of Equinor’s non-operated interest in the Monument prospect in the Northwest Walker Ridge area in the Gulf of Mexico.
