One-Page Deal Sheet
Marathon To Sell Alaska Assets For $375 Million
Hilcorp Energy Company Marathon Oil Corp
Announced Date
April 09,2012
Effective Date
January 01,2012
Close Date
January 31,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
375
Location
Country
United States
State
Alaska
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Marathon Oil Corporation announced that it has entered into a definitive agreement with Hilcorp Alaska LLC, under which Hilcorp will purchase substantially all of Marathon Oil's Alaska assets. The companies expect to close the transaction, subject to completion of the necessary Government and regulatory approvals, by this fall.
With an effective date of Jan. 1, 2012, the sale includes 17 million barrels of oil equivalent of net proved reserves across 10 fields in the Cook Inlet, as well as natural gas storage, and interests in natural gas pipeline transmission systems. In 2011 net production…
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