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[10] [11] In August 2017, the company sold its assets near the Fort Berthold Indian Reservation in North Dakota for $500 million. [12] On April 1, 2020, the company filed bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. [13] [14] On September 1, 2020, the company emerged from bankruptcy and appointed Lynn A. Peterson ...
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company's oil and gas operations on the Fort Berthold Indian ...
Created in 1870 by the U.S. government, the reservation was named after Fort Berthold, a United States Army fort located on the northern bank of the Missouri River some twenty miles downstream (southeast) from the mouth of the Little Missouri River. [8] The green area (529) on the map turned U.S. territory on April 12, 1870, by executive order.
The Fort Berthold Indian Reservation sits atop the Bakken Formation, the second most-productive geographic area for shale oil production in the United States. [10] The nation receives roughly 90 percent of its revenue from royalties and taxes on oil and gas development. [11]
The first Fort Berthold was founded in 1845 on the upper Missouri River by the American Fur Company (controlled until 1830 by John Jacob Astor). It was originally called Fort James, but was renamed in 1846 for the late Berthold. As a consequence of the hostilities with the United States of the Dakota War of 1862, the Sioux burned this fort.
Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered ...
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In July 2024, Marathon agreed to a $241.5 million settlement with the US Department of Justice and the Environmental Protection Agency to resolve allegations of failing to obtain required permits at dozens of the company's oil and gas facilities on the Fort Berthold Indian Reservation in North Dakota and releasing thousands of tons of illegal air pollution as a result. [30]