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;
Associated Oil Company properties. The presidents of the companies were: W. G. Kerckhoff for Reed Crude Oil Company; Burton E. Green for Green-Whittier Oil Company; Charles A. Canfield for Canfield Oil Company; M. H. Whittier for Kern Oil Company; John A. Bunting for San Joaquin Oil & Development Company. Securing agreements from 34 other oil companies in the area the Associated Oil Company was incorporated on October 7, 1901 and on January 1, 1902 began actively producing and marketing crude oil. The Standard Oil Company and the Southern Pacific Railroad acquired an interest in Associated Oil for the purposes of transporting their own