"HOUSTON, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) today announced it is moving forward with plans to repurchase $1 billion of the Company's common stock...Unrelated to the share repurchase, the Company also announced an intent to sell its interest in Block 32 offshore Angola for approximately $590 million and the acquisition of approximately 4,800 net acres in the core of its south Texas Eagle Ford position for approximately $97 million, including carried interest of approximately $23 million."
This underlines MRO's commitment to the EFS but the purchase price looks quite cheap.
mro buys another 4,800 acres
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Mkt cap ! $572.7M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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