Marathon Oil said today it had agreed to sell properties in west Texas and New Mexico for $235million.
Marathon said the non-operated CO2 and waterflood assets averaged about 4,000 barrels of oil equivalent per day in the first half of 2016.
The Houston-headquartered firm said it expected the deal to go through by year end.
Marathon Oil is in the midst of a massive divestment programme. It has announced or closed non-core asset sales in excess of $1.5 billion since August 2015.
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