Marathon Oil in North America, including $600 million in the Eagle Ford and $200 million in the Bakken formation. The company owns 277,000 net acres in the Bakken formation. Marathon began as The Ohio Oil Company in 1887. In 1889, it was purchased by John D. Rockefeller's Standard Oil. It remained a part of Standard Oil until Standard Oil was broken in 1911. In 1930, The Ohio Oil Company bought the Transcontinental Oil Company and established the "Marathon" brand name. In 1962, the company changed its name to "Marathon Oil Company". In 1982, Mobil made a hostile offer to buy the company;
James McDonald (businessman) Company of Kentucky and James McDonald went to England to aid in the organization and development of the Anglo-American Oil Company, now Esso UK, another subsidiary of the Standard Oil Company, through which its export business was conducted. McDonald was made Chairman of the Anglo American Oil Company and also became a director in various other companies throughout Europe. He was the representative of the parent organization in all of its dealings with the foreign companies and to him is due, in large measure, the remarkable organization which the Standard Oil company has built up. McDonald, although born under the