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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
