Eagle Ford tops U.S. with $8.8B in deals

TEXAS – The Eagle Ford Shale drew $8.8 billion in upstream oil and gas deals in 2013, the largest value in the country, according to the Petroleum Listing Service.

The shale play in South Texas was also the site of 2013’s largest energy deal, with Devon Energy’s $6 billion Eagle Ford land acquisition.

In West Texas, unconventional regions of the Permian Basin were targets of the second-largest disclosed value of deals, $7.5 billion. Other high-value regions included:

•  the Rockies conventional plays, with $5.5 billion in deals;
•  the Gulf of Mexico shelf, with $4.2 billion in deals; and
•  the Bakken Shale, with $2.9 billion in deals.