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Pennsylvania Supreme Court Deals Blow to State’s Case Against Natural Gas Royalty Deductions
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M&A
Houston-based ConocoPhillips, the world’s largest independent oil and natural gas company, is moving to become even bigger in an estimated $22.5 billion all-stock takeover of Marathon Oil Corp. The transaction, which includes $5.4 billion net debt, would add “complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio,” CEO Ryan Lance said. The transaction includes more than…
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