Deal Insight
Marathon buys Ensign's Eagle Ford assets for US$3 billion
Report summary
Marathon Oil is purchasing PE-backed Ensign Natural Resources' Eagle Ford assets for a consideration of US$3 billion. The deal is expected to close by year-end. Marathon is picking up 130,000 net acres in the Edwards Condensate sub-play adjacent to its existing leasehold. Expected production at the time of closing is 67,000 kboed (33% oil). Marathon's pro-forma Eagle Ford portfolio will grow to 295,000 net acres and around 157 kboed, net.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Marathon Oil
- Ensign Natural Resources
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Ensign and Marathon Eagle Ford positions
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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