Marathon Oil Corporation is an independent exploration and production company based in the United States, primarily engaged in the extraction and development of oil and natural gas resources. Founded in 1887, the company has a diverse portfolio of exploration activities across several regions, including the United States, Norway, Equatorial Guinea, Poland, Angola, and Iraqi Kurdistan. Within the U.S., Marathon Oil focuses on liquids-rich shale plays, notably the Bakken and Eagle Ford formations. The company also has interests in the Athabasca oil sands in Canada and Waha Oil Company in Libya. As of the end of 2023, Marathon Oil reported net proved reserves of 1.1 billion barrels of oil equivalent and an average net production of 405 thousand barrels of oil equivalent per day, with approximately 70% derived from oil and natural gas liquids and 30% from natural gas. The company's headquarters is located in Houston, Texas.
PayRock Energy, LLC is an Oklahoma City-based company funded by EnCap Investments, L.P. focused on the acquisition and development of resources in the STACK play of Oklahoma. Payrock Energy's Management Team has an extensive track record of value creation together with experiences from Oklahoma City’s most prominent large independent operators.
Globex Energy, Inc
Acquisition in 2002
Globex Energy, Inc explores and produces oil and gas from projects outside of the United States.
Pennaco Energy
Acquisition in 2001
Pennaco Energy, Inc. operates as an independent energy company that focuses on the exploration, development, acquisition, and production of natural gas from coal bed methane properties located in the Powder River Basin of northeastern Wyoming and southeastern Montana.