---
title: "Smorgasbord"
url: https://independentstockanalysis.com/smorgasbord-2/
description: "Marathon Oil adds to their Eagle Ford assets with an acquisition of 17,000 net acres in the liquids-rich core of the Eagle Ford shale play for $767…"
published: 2012-05-10
updated: 2012-05-10
---

# Smorgasbord

Published 2012-05-10

Posted on

by

J.J. Butler

Marathon Oil adds to their Eagle Ford assets with an acquisition of 17,000 net acres in the liquids-rich core of the Eagle Ford shale play for $767 million. My math makes it $44,118 an acre, which would need to be adjusted for production of 7,000 BOE on April 1 (how flush? anything behind the pipe?). Scale and deep pockets (time value!) give the large E&P’s advantage. [Reuters](http://www.reuters.com/article/2012/05/09/us-marathonoil-idUSBRE8480PN20120509)

The higher price deck and horizontal drilling made wrong both the cornucopians and fears of the Hubbert’s Peak crowd. I smell an undulating plateau. A detailed discussion of the future of oil production: [Financial Sense](http://www.financialsense.com/contributors/gail-tverberg/new-imf-working-paper-models-impact-of-oil-limits-on-the-economy)

Scroll down for the **China, Workhorse of the global Economy** part. [Frank Holmes](http://www.usfunds.com/investor-resources/frank-talk/best-performer-this-year-may-surprise-investors/)

Ominous chart patters (day or two old) at [Global Macro](http://macromon.wordpress.com/2012/05/08/sp500-closes-above-important-support/) and [Peter Brandt](http://peterlbrandt.com/head-and-shoulders-tops-near-completion-in-the-nyse-composite-and-russell-2000/)

Off-topic: The great realtor rip-off from [The Economist](http://www.economist.com/node/21554204)