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Marathon Oil Announces Eagle Ford Acquisition

Marathon Oil Announces Eagle Ford Acquisition

11/02/22, 8:40 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svghouston
Industry
oil and gas
energy
Marathon Oil Corporation (NYSE: MRO) announced it has entered into a definitive purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3.0 billion. The transaction is subject to customary terms and conditions, including closing adjustments, and is expected to close by year-end 2022.

Company Info

Company
Marathon Oil
Location
Houston, Texas, United States
Company info
Marathon Oil (NYSE: MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; the Bakken, North Dakota, the STACK and SCOOP in Oklahoma and the Permian in New Mexico, complemented by a world-class integrated gas business in Equatorial Guinea. Our Framework for Success is founded in a strong balance sheet, ESG excellence and the competitive advantages of our multi-basin portfolio. For more information, please visit www.marathonoil.com

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