This is your Hart Energy A&D Minute with Jordan Soto and powered by FORVIS.
Marathon Oil agreed to acquire Ensign Natural Resources in the Eagle Ford for $3 billion. Enverus’ Andrew Dittmar claims that the “allocation of value to undeveloped land in the Marathon purchase of Ensign looks more in line with the usual Permian valuation rather than the Eagle Ford where assets tend to trade closer to production value.”
EOG Resources established a new position in the Ohio Utica Combo play, which it expects to be its “next large-scale premium resource play.”
And EQT plans to control its own destiny. But how will the closing of its $5.2 billion upstream and midstream acquisition fit in? Read Senior Editor Darren Barbee’s coverage of EQT’s recent earnings call to learn more.
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