Explore All 843 Add-on Acquisition Oil/Gas Exploration Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | May 29, 1998 |
| Target | Tarragon Oil & Gas |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Marathon Oil |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
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| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Oil/Gas Exploration |
| Employees | 1,700 |
| Revenue | 6.4B USD (2023) |
Marathon Oil is an international oil exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.
| Deal Context for Buyer | # |
|---|---|
| Overall | 2 of 11 |
| Sector: Oil/Gas Exploration | 2 of 11 |
| Type: Add-on Acquisition | 1 of 6 |
| State: Alberta | 1 of 1 |
| Country: Canada | 1 of 2 |
| Year: 1998 | 2 of 2 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-01-01 |
Marathon Ashland Petroleum
Finland, Ohio, United States Based in Findlay, Ohio, Marathon Ashland Petroleum LLC (MAP), owned 62 percent by Marathon Oil Company -- a part of USX-Marathon Group (NYSE: MRO) -- and 38 percent by Ashland Inc. (NYSE: ASH), is the nation's fifth largest refiner with nearly 1,000,000 barrels-per-day of refining capacity.The company's operations stretch across 23 states with refining, transportation, and marketing systems positioned to respond to market changes and challenges. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-06-07 |
Carnegie Natural Gas Co.
Pittsburgh, Pennsylvania, United States Carnegie produces, transmits, distributes, sells and stores natural gas in Pennsylvania and West Virginia. |
Sell | - |
