One-Page Deal Sheet
Marathon Acquires Eagle Ford Acreage From Denali Oil and Gas
Marathon Oil Corp Not Disclosed
Announced Date
November 29,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
10
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Wilson ,Atascosa
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Marathon Oil Corporation has completed an agreement with Denali Oil & Gas for entry into the Eagle Ford Shale formation in Wilson and Atascosa counties, Texas.
Under the terms of the agreement,Marathonwill pay Denali $10 million as well as drill and complete four wells to earn approximately 17,000 net acres. Marathon also has the option to purchase Denali's remaining 58,000 net acres in the Eagle Ford Shale in these two counties. If Marathon executes this option, the full 75,000 net acres, including the initial payment, carried well interest and lease extensions, will cost approximately…
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-18-2026 |
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| Jan-08-2026 |
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| Dec-05-2024 |
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| May-16-2024 |
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| Nov-03-2022 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
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| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
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