1. It's a ton of packaging work even if the API/ABI were compatible (Calling it compatible is a bit of a stretch IMO).
2. One of the things LibreSSL removes is the FIPS validated stuff. Distributions that harbor ambitions of being used in large US corporate and government installations want that.
3. By the time the portable LibreSSL build system came out, there were already significant improvements afoot within the OpenSSL project.
I'm sure there are other reasons, but those are the big ones I'm aware of.