INPEX sells Eagle Ford tight oil production and development assets to Repsol
(WO) — Japan’s INPEX Corporation has sold its Eagle Ford assets to Repsol Oil & Gas USA, a subsidiary of Spanish energy company Repsol. The Japanese company is divesting all of its tight oil development and production activities to “optimize the INPEX Group’s global asset portfolio.”
Previously, INPEX held multiple tight oil development and production assets through its American subsidiary, INPEX Americas as the primary operator. INPEX acquired the oil production and development assets in 2019.
This action marks the divestment of all activities in the state of Texas, which INPEX reports having a “minimal impact” on its consolidated financial results.