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    Marathon Oil Corporation Announces $3.5 Billion Acquisition of Eagle Ford Shale Assets

    Investing News Network
    Jun. 01, 2011 11:47AM PST
    Resource Investing News

    Bloomberg reports that Marathon Oil Corporation (NYSE:MRO) reaches a definitive agreement with Hilcorp Resources Holdings, LP to purchase the assets in the core of the Eagle Ford shale formation in Texas.

    Bloomberg reports that Marathon Oil Corporation (NYSE:MRO) reaches a definitive agreement with Hilcorp Resources Holdings, LP to purchase the assets in the core of the Eagle Ford shale formation in Texas.

    The market news is quoted as saying:

    Hilcorp Resources Holdings is a partnership between affiliates of Hilcorp Energy Company and Kohlberg Kravis Roberts & Co. LP. Along with other transactions expected to close by the end of 2011, Marathon’s Eagle Ford acreage position is expected to more than double to 285,000 net acres.

    Click here to access the entire news

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