Marathon Oil Corp. is putting its natural gas-rich acreage in the Marcellus Shale formation up for sale as it trims non-core assets, people familiar with the situation said.
Marathon Oil is putting about 80,000 acres in West Virginia and Pennsylvania up for sale because the company doesn't consider them central to its growth plans, a person familiar with the company's plans said Wednesday. The company could realize up to $1,000 an acre, the person estimated, adding that a specific price hasn't been set yet.Hmmm.
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Reminds me a bit of Lily Allen's It's Not Fair: