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Last $25.90 USD
Change Today -0.48 / -1.82%
Volume 5.2M
As of 8:04 PM 03/27/15 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 operates as an energy company in North America, Europe and Africa. 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, 2014, the company had approximately 180,000 net acres in the Eagle Ford in south Texas and 954 gross (714 net) operated producing wells. The company operates approximately 800 miles of gathering pipeline in the Eagle Ford area. The company has 31 central gathering and treating facilities, with aggregate capacity of approximately 460 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 290,000 net acres in the Bakken shale oil play in North Dakota and eastern Montana. Oklahoma Resource Basins – The company’s primary focus in 2015 would be in the South Central Oklahoma Oil Province (SCOOP) and Sooner Trend, Anadarko (basin), Canadian (and) Kingfisher (counties) (STACK) areas. In the SCOOP area, the company holds approximately 145,000 net acres with rights to the unconventional Woodford, Springer, Granite Wash and other Pennsylvanian sands plays. The company also holds approximately 100,000 net acres in the STACK area with rights to the unconventional Woodford, Meramec and other Mississippian plays. These totals include approximately 50,000 acres added in the SCOOP and STACK areas in 2014. The company also holds 57,000 net acres in the broader western Oklahoma Granite Wash and other Pennsylvanian sands plays. Other United States Gulf of Mexico: In 2014, 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 50 percent non-operated working interest in the Petronius field on Viosca Knoll Blocks 786 and 830, located 130 miles southeast of New Orleans, which includes 15 producing wells. The company holds a 30 percent non-operated working interest in the Neptune field located on Atwater Valley Block 575, 120 miles south off the coast of Louisiana. The development includes seven subsea wells tied back to a stand-alone platform. The company has an 18 percent non-operated working interest in the Gunflint field development located on Mississippi Canyon Blocks 948, 949, 992(N/2) and 993(N/2), 90 miles south off the coast of Louisiana. Gulf of Mexico – Exploration: The company has a three-year shared contract on the Maersk Valiant drillship and intends to utilize the rig to test prospects in the Gulf of Mexico, including one operated exploration well in 2015. The company owns a 10 percent non-operated working interest in this prospect. Oklahoma: The company has long-established operated and non-operated conventional production in several Oklahoma fields. Texas/North Louisiana/New Mexico: The company holds approximately 242,000 net acres in these areas of which approximately 20,000 of the acres are in the Haynesville and Bossier natural gas shale plays. Wyoming: The company has ongoing enhanced oil recovery waterflood projects at the mature Bighorn Basin and Wind River Basin fields and at its 100 percent owned and operated Pitchfork field. The company has conventional natural gas operations in the Greater Green River Basin. The company drilled 11 gross operated development wells in Wyoming in 2014. In addition, the company owns and operates the 420-mile Red Butte Pipeline. This crude


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