Recently, Anadarko petroleum made a $1.55 billion dollar deal with the Korea National Oil Corporation for the interest of the Maverick Basin assets, located in the Eagle Ford Shale of Texas. The Korea Nation Oil Corporation is going to pay for all the capital cost of drilling and completions for the first year, and then, pay 90% of the cost for the next two years. This is a sweet deal for Anadarko, but now Korea is going to be profiting from a United States asset?
The Eagle Ford shale is another hydrocarbon rich producing formation that offers both gas and oil. It is a carbonate shale which is brittle and easily fracable for completions. The Eagle Ford shale is ideal in today's market because it is highly oil prone. The short video below talks about Anadarko's stock market increase due to this joint venture with KNOC.
Again, lacks context for the average reader and won't mean much.
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