Company Report
Marathon oil and gas exploration summary
Report summary
Following the oil price collapse, Marathon Oil Corporation made a strategic decision to simplify and concentrate its portfolio on lower-cost, higher-margin US resource plays. Its portfolio has undergone deep restructuring, with most conventional, international assets being offloaded, and capital recycled into tight oil acquisitions. Conventional exploration has largely been 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 of which compete for capital following operating performance improvements and cost reductions achieved through the downturn. As the company continues to focus on these plays, its conventional exploration going forwards is effectively limited to fulfilling its commitments, primarily in the US GoM and West Africa. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.
Table of contents
-
Executive summary
- Basins drilled and all conventional & organic unconventional discoveries 2008-2017
-
Strategy
- Upstream strategy
- Evolution of exploration strategy
- Investment and costs
-
Exploration
- Well data
- Reserves and resources
-
Production
- Production from new field discoveries and organic unconventionals, and as a proportion of all future production
-
Valuation
- Crystallising value through focused exploration followed by asset sales
- Healthy volume and costs performance
- Conventional exploration was being maintained, but has now been dropped
- Marathon becomes (nearly) a pure US unconventionals player
Tables and charts
This report includes 24 images and tables including:
- Exploration & appraisal spend and reinvestment
- Exploration & appraisal spend by water depth
- Exploration & appraisal spend by basin maturity
- Discovery costs by water depth
- Top 40 discoveries (2007 to 2016)
- Reserves and resources: Table 2
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Full-cycle economics
- Executive summary: Image 1
- Ten year performance summary
- SWOT grid
- Net active exploration acreage by water depth*
- Net active exploration acreage by country*
- Gross conventional exploration & appraisal wells by basin and sector
- Exploration wells drilled and spend per well
- Exploration success rates
- Production: Image 1
- Full cycle value creation by year, with uncons
- Exploration returns by year, with uncons
- Costs and development value by reserve category
- Exploration returns by water depth
What's included
This report contains:
Other reports you may be interested in
16 July 2018
Shell oil and gas exploration summary
Company Report
Shell oil and gas exploration summary
Shell's refocusing on lower-risk incremental exploration in key heartland regions has seen its value creation performance improve steadily.
$2,45005 October 2016
Freeport-McMoRan oil and gas exploration summary
Company Report
Freeport-McMoRan oil and gas exploration summary
Freeport-McMoRan moves to exit the oil and gas with sale of Gulf of Mexico assets to Anadarko Petroleum, after acquiring the assets in 2013.
$1,30013 November 2017
Maersk Oil & Gas oil and gas exploration summary
Company Report
Maersk Oil & Gas oil and gas exploration summary
Maersk has focused its portfolio on plays in the North Sea and Kenya, but these must now compete against Total's diverse opportunity set.
$1,300
Trusted by leading organisations
