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2 Cards in this Set
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What Eagle Ford position did Marathon announce in June 2011?
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~ 141,000 net acres (217,000 gross) encompassing all three commodity windows, with the opportunity to acquire an additional 14,000 net acres;
90% operated with an average 65% working interest; Production is 7,000 net barrels of oil equivalent (17,000 gross; 80% liquids); Total net-risked resource potential is 400- to 500 million BOE with upside potential; Potential to book up to 100 million BOE of proved reserves by the end of 2011. |
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In the June 2011 Eagle Ford acquisition by Marathon, what was reported $/acre price and the average price for prior deals?
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at a value of $75,000 BOE per day for the 7,000 per day of production = ~$21,100 per acre;
Average price per net acre for 14 Eagle Ford transactions = $12,772 per net acre Source: KeyBanc Capital Markets analyst Jack Aydin |