Equinor sounds Eagle Ford alarm bell
The Norwegian firm’s exit is another signal that US shale may no longer be the promised land
Norway’s Equinor increased its stake in its Eagle Ford US shale play by 13 percentage points as recently as 2015, increasing its bet on the play’s success. Its November decision to sell its stake to Spain’s Repsol, its joint venture partner, is a further signal of the challenges in making US shale work. Then known as Statoil, the firm entered the Eagle Ford in 2010 through a joint acquisition with Canada’s Talisman Energy, which was subsequently taken over by Repsol. Having upped its stake to 63pc in 2015, Equinor announced in early November that it would sell its operatorship and all of its 69,000 net acres to its partner for $325mn. Repsol will gain 34,000bl/d oe of Eagle Ford production,
Also in this section
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
11 March 2026
De la Rey Venter, CEO of LNG player MidOcean Energy, discusses strategy, project developments and the prospects for the LNG market
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
