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SunshineSmiles

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SunshineSmiles

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Monday, 11/07/2016 10:11:11 PM

Monday, November 07, 2016 10:11:11 PM

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Marathon Oil Corporation (NYSE: MRO) has signed an agreement for the sale of certain non-operated CO2 and waterflood properties in West Texas and New Mexico for $235 million, without closing adjustments. The assets averaged roughly 4,000 barrels of daily oil in the first half of 2016. The effective date of the transaction is Sept. 1, 2016, and closing is likely to be by the end of the year. Since August 2015, Marathon Oil has proclaimed or closed non-core asset sales in excess of $1.5 billion.

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