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Marathon acquires additional Eagle Ford Shale assets for $3.5B

Green Car Congress

Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 Production expected to increase to approximately 80,000 net boe per day by 2016. —Clarence P. Cazalot Jr.,

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Idaho National Laboratory low-energy electrochemical process could eliminate need for steam cracking of hydrocarbons

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Taking the estimated energy manufactured and serviced in the United States in 2016 as an example, 34% of the manufactured energy and 39% of the serviced energy were associated with industrial applications, of which the petrochemical industry consumed 42%.

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