Sunday, November 24, 2024

Marathon Adding $888 Million of STACK Acreage

Private Equity Cashing In: EnCap Company PayRock Energy Built the STACK Position Marathon Oil has reached an agreement to purchase privately held PayRock Energy Holdings for $888 million in a cash transaction. PayRock holds approximately 61,000 care acres in the Anadarko Basin STACK play in Oklahoma. “Acquiring PayRock’s STACK position will meaningfully expand the quality and scale of Marathon Oil’s

Oil and Gas Industry Sees a More Subdued Recovery: Baird Survey

Oil prices expected to stay at or below $50 for the next six months Lower for longer is starting to truly set in with the oil and gas industry as buyside investors and the industry see a more muted outlook for oil and gas prices on the horizon. A survey that polled primarily buyside investors and members of the oil