New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 11, 2013
07:30 EDTMROMarathon Oil to accelerate U.S. resource play activity
Marathon Oil announced plans to accelerate Eagle Ford and Bakken rig activity 20% each, with a 100% rig activity increase planned for Oklahoma Woodford. The company announced a 28-rig program underpinned by 2.4B Boe of 2P unconventional resource, doubled since 2011, and over 4,500 net well locations. The company will allocate over 60% of 2014's $5.9B capital, investment and exploration budget to resource plays, projects a 2014 resource play production growth rate greater than 30% relative to 2013, and forecasts overall production growth rate of approximately 4%, excluding Alaska, Angola and Libya. The company also projects a resource play production compound annual growth rate for the period 2012-2017 of greater than 25%.
News For MRO From The Last 14 Days
Check below for free stories on MRO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for MRO

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use