Investors wishing to take advantage of the continued growth in the Eagle Ford might do well to have a look at one key player making major moves in the region.
Dealmaking is on the rise in the Eagle Ford shale play.
Clearly, as you look at the deal slide from MRO below, the synergies become apparent. The legacy MRO acreage lies in the Volatile Oil and Condensate region of the play. The Ensign acreage continues in the Condensate region and dips down into the Wet Gas region, bringing a new horizon to MRO. The Ensign deal brings a double-down focus on the condensate and new horizons in Wet Gas to Marathon.
This was closely followed by Devon Energy’s, acquisition of Validus Energy last year for $1.9 bn. This followed on the heels of spate of smaller deals that included SilverBow Resources’ April 2022 announcement deal to acquire Sundance Energy’s Eagle Ford holdings for $354 million and SandPoint Operating’s holdings in the play for $71 million.
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