Company Report
Marathon oil and gas exploration summary
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Report summary
Marathon Oil Corporation made a strategic decision to simplify and concentrate its portfolio on lower-cost, higher-margin US resource plays. Its portfolio went through deep restructuring: conventional, international assets were offloaded, and capital was recycled into tight oil acquisitions. Conventional exploration was dropped as a growth option. The company now has exposure to the four leading US tight oil plays – the Eagle Ford, Bakken, Mid-Continent and the Permian. All compete for capital following operating performance improvements and cost reductions achieved through the downturn.
Table of contents
- Exploration Strategy
- Exploration results
- Current portfolio and exploration outlook
- Production and potential cost of production
-
Value creation
- Conventional exploration dropped after poor results
- Evolution to (nearly) a pure US unconventionals player
Tables and charts
This report includes 17 images and tables including:
- Map: Marathon's current acreage km2
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Largest 10 conventional discoveries (net, 2011 to 2020)
- Unconventional plays commercialised (2011-2020)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries and organic unconventionals, and as a proportion of all future production
- Finding and development costs for added resources
- Full-cycle economics
- Conventional value and spend by country
- Exploration returns by water depth
- Conventional value creation
- Unconventional value creation
What's included
This report contains:
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