Private Equity Cashing In: EnCap Company PayRock Energy Built the STACK Position
Marathon Oil has reached an agreement to purchase privately held PayRock Energy Holdings for $888 million in a cash transaction. PayRock holds approximately 61,000 care acres in the Anadarko Basin STACK play in Oklahoma. "Acquiring PayRock's STACK position will meaningfully expand the quality and scale of Marathon Oil's existing portfolio in one of the best unconventional oil plays in the U.S.," Marathon Oil CEO Lee Tillman said.

Highlights of the transaction i...

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