Thursday, June 5, 2025
The Shale Boom in the Permian Is Slowing Down - 360

Marathon Jumps into the Permian with 70,000-Acre Acquisition, Sells Canadian Oil Sands Interest

Marathon enters Permian for $13,900 per acre; exits oil sands with $2.5 billion cash sale to Shell and Canadian Natural Resources Marathon Oil (ticker: MRO) has agreed to acquire approximately 70,000 net surface acres in the Permian basin from BC Operating, Inc. and other entities for $1.1 billion in cash. The acquisition includes 51,500 acres in the Northern Delaware basin of