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Actionable news in MRO: MARATHON OIL CORPORATION,

Marathon Oil (MRO) Stock Climbing on PayRock Energy Acquisition

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) are rising 3.04% to $13.56 in pre-market trading on Monday after the company said it agreed to acquire PayRock Energy for $888 million from private equity firm EnCap Investments.

PayRock has about 61,000 net surface acres and current production of about 9,000 net barrels of oil equivalent per day in Oklahoma, according to a company statement.

"Acquiring PayRock's STACK position will meaningfully expand the quality and scale of Marathon Oil's existing portfolio in one of the best...


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