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;
Rio Blanco Oil Shale Company Rio Blanco Oil Shale Company The Rio Blanco Oil Shale Company was an American shale oil extraction technology research and development company. The company was established as a general partnership of Gulf Oil (now part of Chevron Corporation) and Standard Oil of Indiana (now part of BP). It was named after the Rio Blanco County, Colorado, the location of the company's oil shale tract. The Rio Blanco Oil Shale Company was established in 1974. In 1974, it win a bid for Federal Oil Shale Lease C-a in the Rio Blanco County. In 1977, the company started preparations to demonstrate its