Statoil has assumed operatorship for all activities in the eastern part of the Eagle Ford shale gas field in Texas as it looks to develop the site.
The Norwegian firm confirmed it had taken operatorship today for activities in the Live Oak, Karnes, DeWitt and Bee counties, covering around 73,000 net acres.
It had previously struck a joint venture with Talisman Energy in 2010 for the shale field. Talisman initially acted as operator for the jointly owned acreage.
“This is an important milestone for Statoil’s development as an operator in the US, ” said Torstein Hole, Statoil’s senior vice president for US Onshore.
“We now have operational activities in all our onshore assets, Bakken, Marcellus and Eagle Ford. Our organization in Houston is eager to further develop our Eagle Ford holding as operator and we look forward to engaging with communities and landowners in the eastern part of our joint venture acreage.
Statoil has already taken over operations on three drilling rigs in the Eagle Ford, but will now be responsible for producing wells, processing facilities, pipelines and infrastructure, and a field office in Runge, Karnes County.
“Both companies have been committed to executing the transition in a safe and responsible manner, whilst ensuring maximum value creation in the joint venture,” said Hole.
“We are also committed to continue the relationship and further develop strong ties with our host communities.”
Statoil produces around 20,200 barrels of oil equivalents per day from around 300 producing wells across the site.
Talisman will continue with operational responsibility for the western acreage, which is principally in McMullen, La Salle and Dimmit countie
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