In conjunction with the sale of its 20% interest in the Athabasca Oil Sands Project (AOSP) in Alberta to Royal Dutch Shell and Canadian Natural Resources for $2.5 billion (see story elsewhere), Marathon also announced it’s acquiring roughly 70,000 surface acres in the Permian basin from BC Operating and other entities for $1.1 billion in cash.

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Source: Daily Dose of ShaleDirectories.com News