Frackers' Reports on Oil Reserves Differ for Investors and Regulators

Drillers tell different stories to investors and federal regulators
Illustration by 731

Lee Tillman, chief executive officer of Marathon Oil, told investors last month that the company was sitting atop the equivalent of 4.3 billion barrels of oil in its U.S. shale acreage. That’s 5.5 times higher than the number Marathon reported to federal regulators.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.