A group of Marathon Oil employees talking

Operational Excellence

StrategyU.S. Resource Play Focused

Marathon Oil has transitioned from portfolio transformation to execution delivery at scale across our U.S. resource plays. With more than 90% of our 2018 development capital allocation associated with the U.S. resource plays, our margins will naturally expand as a greater percentage of our production is sourced from these high quality assets.

 

Marathon Oil's United States resource plays highlighted on a map

Bakken

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Permian

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Stack/Scoop

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Eagle Ford

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Our relentless focus on portfolio management has driven seven country exits since 2013 and generated proceeds of more than $4 billion just in the last 2 years.

With our 2017 entry into the Northern Delaware in the Permian basin, we now enjoy a differentiated position as the only E&P active in the four best oil-rich U.S. resource basins.

In 1Q 2018 we announced that the Company has captured more than 250,000 net acres in multiple new plays in the last year, including a largely contiguous position in the emerging Louisiana Austin Chalk play at a cost of less than $900 per acre. 

Our returns-focused investment program coupled with outstanding execution across our multi-basin portfolio drove 1Q 2018 production above the top end of our U.S. guidance for the quarter.

Though many elements of our business are changing, one thing remains firm: our values. We remain steadfast in our commitment to be safe, responsible and ethical.

We thank all our dedicated employees who make such a difference in driving execution excellence. Their talent and innovation will continue to position us favorably through 2018 and beyond. 

269,000 BOED

U.S. resource play average net production in 1Q 2018

>90%

Of 2018 Development Capital Budget allocated to high-return u.S. resource plays

70%

Projected 2018 production mix from higher margin U.S. resource plays

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Marathon Oil hydraulic fracturing facility

Using Best PracticesHydraulic Fracturing

In combination with advanced horizontal drilling technology, fracking makes it possible to develop oil and gas resources that were previously inaccessible.

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SpeechWilliston Basin Petroleum Conf

One of the most important lessons we’ve taken from the Bakken, is to never be satisfied with what you think you knew yesterday.

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A return to New Mexico
Northern Delaware

CEO Lee Tillman was an invited keynote at the 2017 New Mexico Oil & Gas Association's Annual Conference. Read his remarks about the Company's entry into the Northern Delaware.

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Digital Oil Field
Eagle Ford

Our digital oil field facility and automation tools boost production and reliability, and help lower emissions, spills and safety risk as the asset grows.

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