Marathon Acquires Paloma Partners' Eagle Ford Assets for $750 Million

Marathon Oil's Eagle Ford assets are expanding once again. The company has entered an agreement to acquire Paloma Partners II for $750,000,000. Paloma has approximately 17,000 acres across Karnes and Live Oak counties, with net production of 7,000 boe/d.

Paloma Partners II is a privately backed company funded by management, Encap, adn Macquarie.