Marathon Oil to Buy PayRock Energy for $888 Million - News Summed Up

Marathon Oil to Buy PayRock Energy for $888 Million


Marathon Oil Corp. said Monday that it would buy PayRock Energy Holdings LLC for $888 million. Lee Tillman, Marathon’s chief executive, said the 61,000 net... The acquisition adds to Marathon’s position in an area of Oklahoma known as the Stack, where oil producers are finding they can still make money when crude trades at $45 a barrel.


Source: Wall Street Journal June 20, 2016 17:04 UTC



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