November 19, 2022 – OilPrice.com
M&A Boom May Not Lead To Drilling Spree In U.S Shale
By Alex Kimani
Eagle Ford In Focus
The Eagle Ford was the hardest-hit region in the U.S. shale patch, and has lagged behind other regions during the ongoing ramp-up in production. But as energy analytics company RBN Energy has noted, M&A and drilling have lately been surging in the shale play.
To wit, two weeks ago, Marathon Oil (NYSE: MRO) announced that it has entered into a definitive agreement to acquire the Eagle Ford assets of Ensign Natural Resources for $3 billion. Marathon says it expects the deal will be "immediately and significantly accretive to key financial metrics," and will drive a 17% increase to 2023 operating cash flow and a 15% increase to free cash flow, immediately enhancing shareholder distributions.
Read the full article here: https://oilprice.com/Energy/Crude-Oil/MA-Boom-May-Not-Lead-To-Drilling-Spree-In-US-Shale.html