Deal Insight
Marathon increases Eagle Ford position with US$750 million acquisition
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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
-
Strategic rationale
- 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:
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