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PS - Marathon Oil Highlights - March 4, 2020



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Marathon Oil announced the closing of two Permian acreage acquisitions totaling $106 million in its new oil play. The two West Texas transactions were signed and completed during Q4, bolting on 40,000 contiguous net acres to an existing 20,000-net-acre position leased during Q3. The new oil play in northern Ward and southern Winkler counties targets the Meramec and Woodford formations—the primary targets of Oklahoma’s STACK play— with potential for more than 400 longlateral drilling......
 
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