Tag: Marathon Oil
Shell sells Alberta oil sands business to CNRL for $11.1 billion
Canadian Natural Resources already one of largest oil sands operators, makes significant bet on long-term future of bitumen Royal Dutch Shell plc is getting out of the Alberta oil sands, selling almost all of its interests and operations to Canadian Natural Resources Limited for $11.1 billion. Shell plc announced Wednesday the signing of two agreements by […]
Marathon Oil Corp sale of Permian Basin assets part of industry rationalization – economist
Marathon Oil sale of 349 wells: 185 active, 124 active injection, 34 inactive and 6 temporally abandoned Rationalization of the Permian Basin oil and gas industry continues with news that Marathon Oil is selling its stake in non-operated wells and redeploying the capital to the STACK play in Oklahoma. An analyst’s note from Credit Suisse Monday downgraded […]
Cash-strapped Marathon Oil sells Gulf of Mexico assets
Marathon Oil Corporation reported Q3 2015 adjusted net loss of $138 million ($0.20 per diluted share) Marathon Oil Corporation announced it has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fields in the Gulf of Mexico for $205 million. […]
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