Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
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 |
