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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 8 pages

Country: United States

Sector: Exploration and Production (Energy)
Marubeni Eagle Ford to Acquire 35% Interest in Eagle Ford Shale Play in Texas from Hunt Oil - Marubeni to Benefit from the Low Oil and Gas Prices in the US - Deal Analysis from GlobalData

Summary

Marubeni Eagle Ford Limited Partnership, a subsidiary of Marubeni Corporation (Marubeni), agreed to acquire a 35% working interest in the Eagle Ford shale oil and gas play covering approximately 52,000 net acres in Texas from Hunt Oil Company (Hunt Oil), an oil and gas company. Following the completion of the transaction, Marubeni’s acreage position will increase to 72,000 net acres in the Eagle Ford shale play. The company intends to sequentially drill several hundred wells over a five to ten year period, with total development costs (including acquisition costs on Marubeni’s share basis) amounting to approximately $1,300m. In addition, Marubeni and Hunt Oil have agreed to jointly acquire additional acreage in the Eagle Ford shale oil and gas area.

Scope

- Rationale behind Marubeni buying stake of Hunt Oil in the Eagle Ford Shale
- Stratigic benefits for the companies involved in the transaction
- Geography covered - US (Texas)

Reasons to buy

- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in shale plays in US (Texas).
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