Marathon Selling Out in Wyoming
CASPER, Wyo. (AP) — Marathon Oil is looking to sell its assets in Wyoming and leave the state.
The Houston-based company is selling its property in Wyoming as part of a broader effort to raise cash by selling non-core assets.
Marathon spokeswoman Lisa Singhania said Wednesday that the Wyoming assets will only be sole if an acceptable offer is made since oilfields in Wyoming are valuable.
Marathon's departure from the state marks another casualty of crude oil's collapse. Anadarko Petroleum recently reduced its presence in Wyoming, selling fields north of Casper, methane assets in Powder River Basin and mining leases in southwestern Wyoming.