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, based in Oklahoma City, is a company specializing in the acquisition and development of oil and natural gas resources. It focuses primarily on the STACK play in Oklahoma, as well as the Mississippian play in both Oklahoma and Kansas. Funded by EnCap Investments, L.P., PayRock Energy is led by a management team with a strong record of value creation and extensive experience in the oil and gas industry, particularly with major independent operators in the region. The company's operations encompass both exploration and production activities within its targeted resource areas.
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.
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