Home / Tag Archives: marathon oil

Tag Archives: marathon oil

Marathon Oil to pay $888 million for PayRock Energy

marathon oil

NEW YORK (AP) — Marathon Oil said Monday that it has agreed to pay $888 million for PayRock Energy Holdings, increasing the amount of oil producing land it owns in Oklahoma. PayRock has 61,000 net surface acres that produces 9,000 net barrels of oil equivalent per day, Marathon said. Houston-based Marathon is buying PayRock from oil and gas investment firm ...

Read More »

Pipeline spill leaks 149 barrels of briny oil wastewater

BISMARCK, N.D. (AP) — State Health Department officials say a pipeline leak in Dunn County spilled more than 6,250 gallons of oil and saltwater, a byproduct of oil production. State environmental scientist Bill Suess (sees) says Marathon Oil reported the 149-barrel spill Tuesday at a well it owns about 6 miles north of Killdeer. The Houston-based company did not immediately ...

Read More »

Marathon Oil production increases in the Bakken

Increased production from the Bakken might be the saving grace for Marathon Oil after posting a $386 million loss for the second quarter. As reported by United Press International (UPI), the company said that for its North American operations, net production averaged 274,000 barrels of oil equivalent per day (boed). The increase is 21 percent greater for its year-to-year figures, ...

Read More »

Enbridge argues for northern Minnesota pipeline as protesters say ‘No’

Enbridge Energy told regulators Wednesday that its proposed $2.6 billion pipeline across northern Minnesota is needed to carry North Dakota’s oil, can be operated safely and likely will reduce the frequency of oil trains across the state. “First and foremost the project will benefit Minnesota’s rail system, both its efficiency and its safety,” said Enbridge attorney Christine Brusven before a ...

Read More »

Marathon disappointed Galveston Bay workers reject contract offer

Marathon oil

HOUSTON – Marathon Petroleum Corp said on Tuesday it was disappointed by the rejection of a contract offer by striking workers at the company’s Galveston Bay Refinery in Texas City, Texas. Workers on Monday overwhelmingly rejected the offer developed by a federal mediator working with the company and United Steelworkers union Local 13-1, which represents the strikers. “We remain committed ...

Read More »

Oil tanks explode in the Bakken

At around 9 a.m. Saturday morning, three oil storage tanks exploded outside Killdeer, North Dakota. Although the blast occurred five miles outside the city, residents reported feeling the blast, according to The Bismarck Tribune. Dunn County Emergency Manager Denise Brew says that the cause of the blast and resulting fire has yet to be determined. An official from the North ...

Read More »