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Company Description

Contact Info

5555 San Felipe Street

Houston, TX 77056

United States

Phone: 713-629-6600

Fax:

Marathon Oil Corporation, an international energy company, is engaged in the exploration, production and marketing of liquid hydrocarbons and natural gas, production and marketing of products manufactured from natural gas and oil sands mining with operations in the U.S., Angola, Canada, E.G., Ethiopia, Gabon, Kenya, the Kurdistan Region of Iraq, Libya, Norway and the U.K. The company’s proved reserves, as of December 31, 2013, included approximately 2.2 bboe (billion barrels of oil equivalent). Segments The company operates in the following segments: North America Exploration and Production (North America E&P), International Exploration and Production (International E&P), and Oil Sands Mining. North America E&P segment The company is engaged in oil and gas exploration, development and/or production activities in the U.S. and Canada. Unconventional Resource Plays Eagle Ford - As of December 31, 2013, the company had approximately 211,000 net acres in the Eagle Ford in south Texas and 655 gross (493 net) operated producing wells in the Eagle Ford, Austin Chalk and Pearsall formations. The company has 24 central gathering and treating facilities, with aggregate capacity of approximately 275 mboed (thousand barrels of oil equivalent per day). The company also owns and operates the Sugarloaf gathering system, a 37-mile natural gas pipeline through the heart of its acreage in Karnes, Atascosa, and Bee Counties of south Texas. Bakken – The company holds approximately 370,000 net acres in the Bakken shale oil play in North Dakota and eastern Montana. Oklahoma resource basins – The company holds 209,000 net acres in unconventional Oklahoma resource basins, namely the Anadarko Woodford shale, the Southern Mississippi Trend, and the Granite Wash, of which approximately 147,000 net acres are held by production. Other United States Gulf of Mexico – Production – As of December 31, 2013, the company held significant interests in 11 producing fields, 4 of which are company-operated. The company has a 65 percent operated working interest in the Ewing Bank Block 873 platform which is located 130 miles south of New Orleans, Louisiana. The platform serves as a production hub for the Lobster, Oyster and Arnold fields on Ewing Bank Blocks 873, 917 and 963. The facility also processes third-party production via subsea tie-backs. The company has a 100 percent operated working interest in the Droshky development located on Green Canyon Block 244 and a 68 percent operated working interest in Ozona which is located on Garden Banks Block 515. The company has a 50 percent working interest in the non-operated Petronius field on Viosca Knoll Blocks 786 and 830, located 130 miles southeast of New Orleans, which includes 14 producing wells. The company holds a 30 percent working interest in the non-operated Neptune field located on Atwater Valley Block 575, 120 miles off the coast of Louisiana. The development includes seven subsea wells tied back to a stand-alone platform. The company has an 18 percent working interest in the non-operated Gunflint field development located on Mississippi Canyon Blocks 948, 949, 992(N/2) and 993(N/2). Gulf of Mexico – Exploration – The company has a portfolio of approximately 17 prospects with multiple drilling opportunities in the Gulf of Mexico. It has a 60 percent operated working interest in the Key Largo prospect located on Walker Ridge Block 578. In 2013, the company was awarded 100 percent working interest leases in two Gulf of Mexico blocks: Keathley Canyon Block 153, an extension to the Meteor prospect on its existing Keathley Canyon Block 196 lease, and Keathley Canyon Block 340 on the Colonial prospect. Both of these blocks are inboard-Paleogene prospects. Colorado – The company holds leases with natural gas production in the Piceance Basin of Colorado, located in the Greater Grand Valley field complex, and held 154,000 net acres in the Niobrara shale located in the DJ Basin that was sold in 2013. Oklahoma – The company has long-established operated and non-operated conventional production in several Oklahoma fields. In 2013, the company participated in s

 

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