Among its third-quarter results, Marathon Oil Corp. revealed a multimillion-dollar bolt-on acquisition in the Eagle Ford Shale plus additional shale resource expansions on Nov. 6 that analysts say will likely steal the spotlight.

Marathon said it signed an agreement in the fourth quarter to acquire 18,000 contiguous and largely undeveloped net acres adjacent to the company's existing northeast Eagle Ford leasehold. The seller was not disclosed.

The $185 million bolt-on includes about 7,000 net barrels of oil equivalent per day (boe/d) of current production, associated midstream infrastructure, and cores up a 70-well, long-lateral development with potential upside. Laterals are greater than 8,000 feet, according to the company’s investor presentation.

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