in a $22.5-billion all-stock deal, the latest in a series of mega-deals in the oil and gas industry as companies look to bolster reserves.
Marathon Oil has operations in the Bakken basin in North Dakota, Permian basin in North Delaware and South Texas’ Eagle Ford basin – regions that are prime targets for producers looking to increase their inventory. The consolidation activity is attracting increased antitrust scrutiny, with the FTC reviewing multi-billion dollar deals, including those involving Chevron, Diamondback Energy, Occidental Petroleum and Chesapeake Energy.
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