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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 Product Image

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

  • ID: 2079813
  • February 2012
  • Region: United States, Texas
  • 8 pages
  • GlobalData

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).

Keywords

Marubeni, Hunt Oil, Texas, US, Shale Oil, Shale Gas, Eagle Ford, Japan

1
1

1.1 List of Tables
1.2 List of Figures
2 Marubeni Eagle Ford to Acquire 35% Interest in Eagle Ford Shale Play in Texas from Hunt Oil
2.1 Deal Overview
2.2 Deal in Brief
2.3 Marubeni Buys Stake in Eagle Ford Shale Acreage to Capitalize on Lowered Oil and Gas Prices in the US
2.4 Hunt Oil Sells Stake to Marubeni to Finance its Eagle Ford projects
2.5 Deal Financials and Valuations
3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer

1.1 List of Tables
Table 1: Major Deals of Marubeni Corporation, 2010 - January 04, 2012
Table 2: Japan, Major acquisition of Shale Assets by Japanese Companies, 2009 - January 06, 2012
Table 3: Major Deals of Hunt Oil, 2009 - January 06, 2012
Table 4: Companies Involved
Table 5: Financials of the Deal
Table 6: Target Information
Table 7: Acquirer Information
Table 8: Vendor Information

1.2 List of Figures
Figure 1: Oil and Natural Gas Price difference between US and Japan, $/bbl, $/MMbtu, February 2011–January 2012

Note: Product cover images may vary from those shown

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