Employees and contractors at our Brae platform add profitable production from the North Sea. Other core regions include the U.S., Canada and Equatorial Guinea.
Africa
Asia
Europe
Marathon assets, such as those in the Bakken and Eagle Ford plays, are indicative of our steady growth and the exciting opportunities that are yet to come.
At Marathon, we realize the importance of being transparent and regularly sharing company and industry information with our customers, employees and stakeholders.
Pablo Ondo Zetmayer, a gas plant operator in Equatorial Guinea, is a prime example of Marathon’s globally diverse workforce, which enjoys worldwide experiences and world-class opportunities.
With a focus on safety, innovation and environmental stewardship, Marathon is among the world’s leading independent exploration and production companies.
Our spirit of innovation and commitment to delivering superior products that address even the most complex challenges drives Marathon’s legacy of technical excellence.
Eagle FOrd
In June, Marathon Oil announced a $3.5 billion acquisition of assets in the core of the Eagle Ford shale formation in Texas. The transaction includes approximately 141,000 net acres and opportunity to acquire approximately 14,000 additional net acres, current production, six rigs currently operating and two dedicated hydraulic fracturing crews.
In addition to establishing our position in the highest value oil and condensate window of the Eagle Ford shale, these assets are expected to deliver immediate production and reserve additions, and an active Company-operated drilling program.
Along with other transactions expected to close by the end of 2011, Marathon's Eagle Ford acreage position is expected to more than double to 285,000 net acres. In fact, the Company has captured a top-five acreage position in the core of the premier resource play in the U.S. since first entering the Eagle Ford in November 2010.
Marathon expects to be operating at least 20 drilling rigs in the Eagle Ford by the end of 2012, and to grow Eagle Ford production to approximately 100,000 net barrels of oil equivalent a day by 2016.
The acquisition will bring Marathon's holdings to nearly 1 million net acres across North American liquids-rich resources plays in the Eagle Ford, North Dakota Bakken, Oklahoma Anadarko Woodford, the emerging Niobrara in Colorado and Wyoming, and an in-situ position in Alberta, Canada. By the end of 2012, Marathon expects to be operating 35 - 40 rigs across the U.S.
Media Contacts
CORPORATE
Lee Warren
P. +1.713.296.4103
mediarelations@marathonoil.com
John R. PorreTto
P. +1.713.296.4102
mediarelations@marathonoil.com
EUROPE
Emma White (Aberdeen)
P. +44 1224.803020
ewhite@marathonoil.com
Kurt Michelsen (Stavanger)
P. +47 51 90 70 84
kmichelsen@marathonoil.com
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Marathon’s commitment to the community is deeply rooted in our core values. Our employee-run Books for Bioko program collects supplies for schools in Equatorial Guinea.
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