The majors are leaving, and now it's the Eagle Ford.
1,000+ wells. Around $1 billion in assets. Hundreds of crews asking one question: what's next?
XTO Energy quietly opened a data room tied to its Eagle Ford position. Some wells they operate. Others they only hold royalties on. Doesn't matter — they're getting out.
This is the third major exit in two months.
- Baytex — $2.14B, OUT of the U.S.
- Kinder Morgan — $396M stake SOLD
- ExxonMobil (XTO) — approximately $1B, Eagle Ford assets for sale
For the Crews on the Ground
New operator. New management. New policies. Some stay. Some get cut. Some walk. When majors leave the Eagle Ford, the uncertainty hits the field first.
This is consolidation in motion. Same oil. Fewer companies. Teams shift. Workers feel it first.