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Marathon To Deploy More Rigs In U.S. Plays, Market North Sea Assets

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By Darren Barbee, Hart Energy
December 11, 2013

Marathon Oil Corp. (NYSE: MRO) will push ahead in 2014 with a 28-rig program in its big three shale plays: Eagle Ford, Bakken and Oklahoma Woodford, the company said Dec. 11.

The company also laid out plans for marketing its assets in the United Kingdom and North Sea and an aggressive share repurchase program.

Marathon announced its 2014 capex budget at $5.9 billion, with $5.5 billion earmarked for E&P.  More than 60% of Marathon’s budget will be directed toward its high-growth, liquids-rich North American resource play assets.

The company previously ...

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