This excerpt taken from the MRO 10-Q filed Nov 7, 2007.
19. Subsequent Event
October 18, 2007, Marathon completed the acquisition of all the outstanding
shares of Western Oil Sands Inc. (Western) for cash and securities of
approximately $5.8 billion. Western
shareholders received cash of 3.808 billion Canadian dollars and 34.3 million
shares of Marathon common stock or securities exchangeable for Marathon common
stock. Westerns outstanding debt was
approximately $1.1 billion at closing.
The acquisition will be accounted for under the purchase method of
accounting and, as such, Marathons results of operations will include Westerns
results from October 18, 2007. Westerns
oil sands mining operations will be reported as a separate segment and its
exploration and production operations will be included in the E&P segment
beginning in the fourth quarter of 2007.