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Major Oil Company Bets Big on U.S. Oil After Selling All U.K. Assets

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Houston’s Marathon Oil said Monday it will sell its United Kingdom assets in the North Sea and near the Shetland Islands for about $140 million.

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The sale to London-based RockRose Energy continues Marathon’s intensified focus on its U.S. shale acreage in Texas, Oklahoma, North Dakota. The deal leaves Marathon with only one substantial international development, its natural gas facilities in Equatorial Guinea. [read more]

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