The Plains Exploration Eagle Ford entry could be followed up with a string of other large deals. First, here are some details of the Plains deal. This first slide came form the announcement. 20,000 of the 60,000 acres will be in a JV with EOG resources. They plan on operating 4 to 6 rigs by the end of the year.
Here is a permit map I got from Drillinginfo. It is 2010 permits in the area of the Plains acreage. Plains is updip of this Karnes/Dewitt condensate fairway that has been producing alot of great wells.
Internet reports indicate that a potential Chesapeake/Reliance JV fell through so we’ll have to wait on that one. Look for the Chesapeake JV to come before this year ends. Also, I heard from a few folks at the DUG Eagle Ford that Enduring Resources may already be sold…
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