Company Report

Marathon oil and gas exploration summary

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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
    • Conventional exploration dropped after poor results
    • Evolution to (nearly) a pure US unconventionals player

Tables and charts

This report includes the following images and tables:

  • 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
  • 5 more item(s)...

What's included

This report contains:

  • Document

    Marathon oil and gas exploration summary

    PDF 1.04 MB