LNG

March 22 (LNGJ) - Marathon Oil Corp., whose energy interests include the Equatorial Guinea LNG production plant in West Africa as well as widespread US interests, has signed a definitive agreement to acquire 21,000 net acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million in cash. “The 21,000 acre bolt-on in the Northern Delaware is an excellent fit with the basin entry acquisition we announced earlier this month,” said Marathon President and Chief Executive Lee Tillman. “The combined deals provide us more than 90,000 acres in the Permian, over 70,000 of which is concentrated in the Northern Delaware,” added Tillman.