Source: FuelFix.com (Houston Chronicle) | Collin Eaton | March 21, 2017

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Marathon Oil Corp. says it will pay $700 million for 21,000 net acres in the Northern Delaware Basin in New Mexico, its second deal in the region in less than two weeks.

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The Houston driller said Tuesday the all-cash transaction brings its footprint in the Permian Basin to more than 90,000 net acres. The land deal with private Fort Worth driller Black Mountain Oil & Gas and others is expected to close in the second quarter.

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