November 7, 2019 / 9:02 PM / 5 days ago

Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 mln

OSLO, Nov 7 (Reuters) - Norway’s Equinor agreed to sell its shale assets at the Eagle Ford shale formation in southwest Texas to Repsol for $325 million, the Norwegian oil and gas firm said on Thursday.

The company holds around net 71,000 acres (28,733 hectares)in the formation via a joint venture with Spanish Repsol, and its equity production from the Eagle Ford averaged 43,000 barrels of oil equivalents per day (boepd) or 2% of its total global output in 2018.

In addition, Equinor holds stakes in some midstream assets in the area. (Reporting by Lefteris Karagiannopoulos; Editing by Sandra Maler)

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