Black Mountain Oil & Gas News

GLOBE NEWSWIRE: Marathon Oil Closes Acquisition of Northern Delaware Acreage
Marathon Oil Corporation (NYSE: MRO) announced it has closed the acquisition of approximately 21,000 net surface acres in the Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers. Read more…

THE STREET: Marathon Oil Doubles Down in the Permian Basin
Two weeks after dealing itself into the lucrative oil play in New Mexico and Texas for $1.1 billion, Marathon is paying up to add $700 million worth of adjacent acreage. Read more…

REUTERS: Marathon adds to Permian acreage with $700 million buy
The ~21,000 acres, situated in the Northern Delaware basin of New Mexico, was acquired from Black Mountain Oil & Gas and other private players. Read more…

OIL & GAS INVESTOR: NGP Backs Black Mountain With $150 Million In Equity
Black Mountain Oil & Gas LLC closed a $150 million equity commitment from Natural Gas Partners (NGP) and formed a partnership in February 2016. 10. Read more…