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Marathon Oil Corporation

Company Summary

Description

Marathon Oil Corporation (NYSE:MRO) is an independent global exploration and production company. The company is based in Houston, Texas and has operations in North America, Europe and Africa.

Website

http://www.marathonoil.com/Global_Operations/

Operational Regions

  • Fort McMurray Region
  • Gulf of Mexico
  • Bakken
  • Williston Basin
  • SCOOP
  • Meramec Shale
  • Oklahoma STACK Play
  • Anadarko Basin
  • Eagle Ford
  • Austin Chalk
  • Africa
  • Middle East
  • Europe

Financial Data:

NYSE:MRO from Google Finance

Tickers:

  • MRO - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: MIDSHIP Project
Firm Commitment: 250 Mmcf/d

Recent news

  • 10/20/2020 - Worker Kidnapped on LNG... (subscriber access)
  • 10/2/2020 - Marathon Oil Issues... (subscriber access)
  • 10/2/2020 - Marathon Oil Completes... (subscriber access)
  • 10/2/2020 - Marathon Oil Reinstates... (subscriber access)
  • 10/1/2020 - Marathon Oil Prices... (subscriber access)

Investor Presentations

  • 2Q20 Earnings Presentation
  • 4Q19 Investor Presentation (subscriber access)
  • 3Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 2019 Capital Program and 2018 Results (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Investor Presentation & 2018 Guidance (subscriber access)
  • 3Q17 Earnings Presentation (subscriber access)
  • 2Q17 Earnings Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • 2017 Capital Spending Presentation (subscriber access)
  • FOURTH QUARTER 2016 Earnings Slides (subscriber access)
  • 3Q16 Earnings Presentation (subscriber access)
  • 1Q16 Investor Packet (subscriber access)
  • 1Q16 Earnings Call Remarks (subscriber access)
  • 1Q16 Operation Review (subscriber access)
  • March 2016 Weil Energy Conference (subscriber access)
  • 4Q15 Earnings Presentation (subscriber access)

Company Transactions

Date: 7/1/2019
Type: Acquisition

NOTES:
Marathon Oil closed on the sale of its U.K. business, consisting of the Brae area fields and Foinaven, to RockRose Energy.
REGIONS:
  • North Sea
  • Date: 5/31/2019
    Type: Acquisition

    DETAILS:

    VOLUMES: 2.4 MBOE/d

    NOTES:
    Marathon Oil has closed on the divestment of their 15% participating interest in the Atrush Block in Kurdistan.
    REGIONS:
  • Middle East
  • Date: 8/6/2018
    Type: Acquisition

    DETAILS:

    COST: 216 $MM

    ACRES: 240000 Acres

    NOTES:
    Marathon Oil reported that in the first half of 2018, they have leased a total of 240,000 net acres in the emerging Louisiana Austin Chalk at $900/acre.
    REGIONS:
  • Austin Chalk
  • Date: 3/1/2018
    Type: Acquisition

    NOTES:
    Marathon Oil reported that it has entered into a deal to sale its Libyan subsidiary, Marathon Oil Libya Limited, for $450 million in cash to Total S.A.
    REGIONS:
  • Middle East
  • Africa
  • Date: 6/1/2017
    Type: Acquisition

    DETAILS:

    COST: 700 $MM

    VOLUMES: 400 BOE/d

    ACRES: 21000 Acres

    REGIONS:
  • Delaware Basin
  • Date: 5/31/2017
    Type: Acquisition

    REGIONS:
  • Athabasca Oil Sands
  • Date: 5/15/2017
    Type: Acquisition

    DETAILS:

    COST: 1.1 $B

    VOLUMES: 5 MBOE/d

    ACRES: 70000 Acres

    NOTES:
    The acquisition includes 70,000 total net acres with 51,500 net acres in the Northern Delaware basin.
    REGIONS:
  • Delaware Basin
  • Permian Basin
  • Date: 9/15/2016
    Type: Merger

    DETAILS:

    COST: 888 $MM

    VOLUMES: 9 MBOE/d

    ACRES: 61000 Acres

    REGIONS:
  • Oklahoma STACK Play
  • Anadarko Basin
  • Date: 6/30/2016
    Type: Acquisition

    DETAILS:

    COST: 870 $MM

    VOLUMES: 16.5 MBOE/d

    NOTES:
    The company divested of all of its upstream and midstream assets in Wyoming for $870 million, comprising of several pipelines and 16.5 Mboe/d of 1Q16 production.
    REGIONS:
  • Big Horn Basin
  • Date: 4/12/2016
    Type: Acquisition

    DETAILS:

    COST: 80 $MM

    NOTES:
    10% working interest in the Shenandoah discovery in the Gulf of Mexico, natgas assets in the Piceance basin in Colorado and undeveloped acreage in West Texas
    REGIONS:
  • Gulf of Mexico
  • Date: 4/11/2016
    Type: Acquisition

    DETAILS:

    COST: 870 $MM

    VOLUMES: 16.5 MBOE/d

    REGIONS:
  • Green River Basin