In this week's video sponsored by KeyBanc Capital Markets Marathon Oil Corp. announced a group of transactions totaling nearly $1 billion in asset sales. The largest deal involves Marathon selling its Wyoming assets for $870 million, including a 570-mile pipeline, to private E&P Merit Energy. Marathon’s other three deals total $80 million. Meanwhile, Rice Energy announced its plans to acquire more than 27,000 net acres in the Marcellus directly next door to its core in Green County, Pa., from bankrupt Alpha Natural Resources.
Sources:
Marathon Bucks Wyoming, Piceance In Deal Worth Nearly $1 Billion
Marathon Oil's Wyoming Divestiture Patches Company Budget Holes
Rice Energy Ponies Up $200 Million In Marcellus 'Stalking Horse' Deal
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