The Marathon Oil Corporation has announced it has entered into a definitive purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of US$3 billion in Houston, USA.
The deal involves:
Morgan Stanley is acting as lead financial advisor to Marathon Oil and White & Case LLP is acting as external legal advisor. Evercore and JP Morgan Securities LLC are acting as financial advisors to Ensign Natural Resources and Sidley Austin LLP is acting as legal advisor. The transaction is expected to be closed by the end of 2022.