Marathon Oil Corp. closed acquisition of Eagle Ford shale assets from Ensign Natural Resources for a total cash consideration of $3 billion after considering closing adjustments.
The acquisition was announced last month (OGJ Online, Nov. 2, 2022). Marathon will gain 130,000 net acres (99% operated, 97% working interest) that span Live Oak, Bee, Karnes, and DeWitt Counties, Tex., across the condensate, wet natural gas, and dry-gas phase windows of the Eagle Ford, and an estimated 600 undrilled sites. Estimated fourth-quarter 2022 production is 67,000 net boe/d (22,000 net b/d of oil).
Marathon Oil now holds 290,000 net acres in the Eagle Ford.
