Marathon Will Pay $3.5B For PE-Owned Properties

Marathon Oil Corp. will pay $3.5 billion to buy oil and gas properties in Texas' Eagle Ford shale field from private equity firm Kohlberg Kravis Roberts & Co. and Hilcorp Resources Holdings, Reuters reported Wednesday. KKR’s stake is now valued at $1.13 billion, nearly triple the $400 million the firm invested in Hilcorp a year ago.

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