May 11, 2017
Wildhorse Buys Anadarko Eagle Ford Acreage
Wildhorse Resource Development Corporation says it's about to become the second-biggest operator in the Eagle Ford shale play with its new land purchase from Anadarko and KKR.
Price is $625 million in cash and stock.
The two Houston-area companies announced the agreement Thursday for Wildhorse to buy 110,000 acres with proved developed producing reserves of nearly 23 million barrels of oil equivalent.
Wildhorse already operates 386 wells in Burleson, Brazos, Lee, Milam, Robertson and Washington counties, next to this latest property acquisition.
By Mike Shiloh
Copyright May 11, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved
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