Deal Insight

Marathon increases Eagle Ford position with US$750 million acquisition

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09 May 2012

Marathon increases Eagle Ford position with US$750 million acquisition

Report summary

Marathon is increasing its already considerable footprint in the liquids rich sections of the Eagle Ford Shale play in South Texas. It will acquire Paloma Partners II, a partnership led by private E&P player Paloma Resources, and funded by EnCap and Macquarie. A cash consideration of US$750 million will be paid, in return for 17,000 net acres and 7,000 boe/d (70% liquids) of flowing production. Our valuation points to this being an excellent bolt-on acquisition for Marathon. We value ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Marathon
    • Paloma Partners II LLC
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Wood Mackenzie base NPV10 sensitivity to liquid and gas volumes
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Eagle Ford deals - unadjusted acreage costs

What's included

This report contains:

  • Document

    Marathon increases Eagle Ford position with US$750 million acquisition

    PDF 403.26 KB