• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

image

PLAY BUTTON

image

PLAY BUTTON

image

Progress

1/2

Click to flip

2 Cards in this Set

  • Front
  • Back
What Eagle Ford position did Marathon announce in June 2011?
~ 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.
In the June 2011 Eagle Ford acquisition by Marathon, what was reported $/acre price and the average price for prior deals?
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