Marathon Oil to buy PayRock Energy Holdings for $888 million: Reuters

(Reuters) — Oil and natgas producer Marathon Oil Corp (MRO.N) said on Monday it agreed to buy PayRock Energy Holdings LLC for $888 million from venture capital firm EnCap Investments.

PayRock has current production of about 9,000 net barrels of oil equivalent per day in Oklahoma.

A portfolio company of EnCap Investments, PayRock focuses on Oklahoma and Kansas.