OGJ Newsletter

05/14/2012
GENERAL INTEREST — Quick Takes Marathon to buy private Eagle Ford producer Marathon Oil Corp. will buy Eagle Ford shale play participant Paloma Partners II LLC, Houston, for $750 million, Paloma Partners said. The deal is effective Apr. 1, subject to closing terms and conditions, and closing is slated for third quarter. Paloma II owns 17,000 net acres, mainly in Karnes and Live Oak counties, Tex. Net production as of Apr. 1 was 7,000 boe/d. Paloma II is a privately held acquisition and E&P company. Main shareholders are Paloma Resources LLC, Encap Energy Capital Fund VII LP, and Macquarie Americas Corp. MarkWest Energy to acquire Keystone Midstream MarkWest Energy Partners LP agreed...
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