Marathon Oil to buy PayRock Energy Holdings

Posted by Joseph Keefe June 20, 2016

Oil and natgas producer Marathon Oil Corp said on Monday it agreed to buy PayRock Energy Holdings LLC for $888 million from venture capital firm EnCap Investments.

PayRock has current production of about 9,000 net barrels of oil equivalent per day in Oklahoma.

A portfolio company of EnCap Investments, PayRock focuses on Oklahoma and Kansas.

Reporting by Arathy S Nair

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Marathon Oil to buy PayRock Energy Holdings

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