Sunday, May 11, 2025
Earthstone Energy

Marathon Makes another Acquisition in the Permian

Marathon’s newest $700 million bolt-on acquisition adds 21,000 net Delaware acres to the 70,000 it bought earlier in March Marathon Oil (ticker: MRO) announced the acquisition of 21,000 net acres in the Delaware basin today, with an estimated purchase price of $700 million. The acreage will be purchased from Black Mountain Oil & Gas and other private sellers. With about

Birchcliff Energy Seeks to Divest its Charlie Lake Light Oil Assets in Alberta

Sale would allow company to concentrate on Montney, improve balance sheet Calgary based Birchcliff Energy (ticker: BIR) said it will pursue the sale of its oil and natural gas properties and related assets on the Charlie Lake Light Oil Resource Play located in the Peace River Arch of Alberta. Birchcliff CEO Jeff Tonken said, “We believe that a successful sale