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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

5555 San Felipe Street

Houston, TX 77056

United States

Phone: 713-629-6600


Marathon Oil Corporation, an energy company, engages in the exploration and production, oil sands mining, and integrated gas operations in the United States of America, Angola, Canada, Equatorial Guinea (E.G.), Ethiopia, Gabon, Kenya, the Kurdistan Region of Iraq, Libya, Norway, Poland, and the United Kingdom. Strategy The company focuses on the United States of America liquid hydrocarbon growth by developing unconventional liquids-rich plays, including the Eagle Ford and Bakken shales, and the Oklahoma Resource Basins. In addition to the United States of America shale plays, growth assets include deepwater discoveries and developments offshore Angola, its Canadian in-situ assets, certain Gulf of Mexico blocks and the Kurdistan Region of Iraq. The company also invests in exploration prospects that have significant value potential. EXPLORATION AND PRODUCTION SEGMENT This segment engages in oil and gas exploration, development and/or production activities. Liquids-Rich Shale Plays Eagle Ford: As of December 31, 2012, the company had 230,000 net acres in the core of the Eagle Ford shale, with an additional 100,000 non-core acres. As of December 31, 2012, it had 379 gross (262 net) producing wells in the Eagle Ford shale. In 2012, the company sold approximately 5,800 net undeveloped acres located outside the core of the Eagle Ford. The company also owns and operates the Sugarloaf gathering system, a 42-mile natural gas pipeline in Karnes, Atascosa, and Bee counties of south Texas. Bakken: The company holds approximately 410,000 net acres in the Bakken shale oil play in North Dakota and eastern Montana. Oklahoma Resource Basins: In the Anadarko Woodford shale play in Oklahoma, the company holds 163,000 net acres of which approximately 100,000 net acres are held by production. In 2012, it executed an operated drilling program focused on the liquids-rich areas of the play, reached total depth (TD) on 25 gross (20 net) operated wells and brought to sales 29 gross (25 net) operated wells. United States Colorado: The company holds leases with natural gas production in the Piceance Basin of Colorado, located in the Greater Grand Valley field complex and 154,000 net acres in the liquids-rich Niobrara shale located in the DJ Basin of northern Colorado, southeastern Wyoming and Nebraska. The company drilled 17 gross (12 net) operated wells in the DJ Basin during 2012. Oklahoma: The company operated and non-operated conventional production in various Oklahoma fields from which 2012 sales averaged 2 thousand barrels per day (mbbld) of liquid hydrocarbons and 51 million cubic feet per day (mmcfd) of natural gas. In 2012, it participated in 11 gross (1 net), non-operated wells in the state. The company also drilled 1 operated well. Plans for 2013 include drilling 11 gross (2 net) wells, targeting liquids. Texas/North Louisiana/New Mexico: In east Texas and north Louisiana, the company holds 184,000 net acres. Approximately 20,000 of the acres are in the Haynesville and Bossier natural gas shale plays. Most of the acreage in these shale plays is held by production. The company participated in 5 gross (1 net) non-operated wells in the area during 2012. The company also participates in various non-operated Permian Basin fields in west Texas and New Mexico. Wyoming: The company has ongoing enhanced oil recovery waterflood projects at the mature Bighorn Basin and Wind River Basin fields and initiated an additional enhanced oil recovery project at its 100 percent owned and operated Pitchfork field in 2012. The company has conventional natural gas operations in the Greater Green River Basin and unconventional coal bed natural gas operations in the Powder River Basin. In 2012, it drilled 2 gross (2 net) operated development wells in Wyoming, which included 1 wellbore re-entry. The company’s Wyoming net sales averaged 17 mbbld of liquid hydrocarbons and 68 mmcfd of natural gas during 2012. In addition, it owns and operates the 420-mile Red Butte Pipeline. This crude oil pipeline connects Silvertip Station on the Montana/Wyoming state line to Casper, Wyoming. Gulf of Mexico – Production In 2012, the


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