March 26, 2018 / 2:24 AM / a month ago

Japan's Marubeni sells part of its stake in Eagle Ford shale oil assets

TOKYO (Reuters) - Japan’s Marubeni Corp said on Monday it has sold part of its interests in the Eagle Ford shale oil and gas assets in Texas to two U.S. independent oil and gas developers for an undisclosed sum.

The sale is part of the Japanese trading company’s effort to reshuffle its asset portfolio to strengthen its financial health, it said.

Reporting by Yuka Obayashi; editing by Richard Pullin

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