US junior Wildhorse Resource Development has signed a deal to buy Anadarko’s position in the eastern extension of the Eagle Ford Shale play in central Texas for $625 million in cash and stock.
The asset package includes 111,000 net acres with average fourth quarter production of 7583 barrels of oil equivalent per day (72% oil) from 386 operated wells targeting the Eagle Ford, Austin Chalk and Buda/Georgetown tight oil formations.
