Marathon acquires Eagle Ford assets in a deal worth US$3.5 billion
Marathon has announced the acquisition of Hilcorp Resources' Eagle Ford shale acreage for a cash consideration of US$3.5 billion. This marks the largest and most expensive deal to date in the Eagle Ford, and pushes 2011 acquisition expenditure in the North American shale space to US$16 billion. In keeping with recent trends in US shale M&A, this is a liquids focused deal; more than 83% of the acquired acreage is within the oil and condensate windows of the play. With the split of ...