| 24. | Subsequent Events |
In January 2014, the Corporation completed the sale of its interest in the Pangkah asset, offshore Indonesia for cash proceeds of approximately $650 million. In January, the Corporation also announced that it had reached agreement to sell approximately 74,000 acres of its dry gas position in the Utica Shale for $924 million. Approximately two-thirds of these proceeds are expected at the end of the first quarter of 2014, with the balance to be received in the third quarter of 2014.
In January 2014, the Corporation’s retail marketing business acquired its partner’s 56% interest in WilcoHess, a retail gasoline joint venture, for approximately $290 million and the settlement of liabilities.