Tag: Marathon

Marathon’s $700USD million Delaware ‘bolt-on’ acquisition

Marathon’s $700USD million Delaware ‘bolt-on’ acquisition

Marathon holds almost 600 million boe of risked resource, near 1.5 billion boe of total resource in Permian On March 21, Marathon bought 21,000 net acres in the Delaware Basin for US$700 million from Black Mountain Oil & Gas and other private sellers, according to Wood Mackenzie. The deal comes soon after Marathon entered the […]

Oil sands sales raise doubt over future development prospects

Oil sands sales raise doubt over future development prospects

High operating, production costs force Marathon out of oil sands The province of Alberta and its oil sands,¬†already¬†struggling to compete with cheaper US shale plays, were dealt a major blow when Shell and Marathon announced a major sell off of assets in the world’s third-largest crude reserves. Royal Dutch Shell and Marathon Oil Corp recently […]