Monday, December 9, 2013

Random Note About Producers In The Eagle Ford; Focus On Marathon Oil

Motley Fool is reporting:
Indeed, Marathon is now one of the leading producers in the Eagle Ford, competing with the likes of EOG Resources, which delivered 39% year-over-year oil-production growth during the third quarter and is currently the Eagle Ford's largest oil producer, and Chesapeake Energy, which reported a whopping 82% year-over-year increase in third-quarter Eagle Ford production and currently holds the No. 2 spot in terms of total gross oil production in the play.
While Marathon was a relative latecomer to liquids-rich shale plays, it has quickly made up for its late entrance over the past few years by amassing sizable stakes in two of the highest-growth onshore U.S. shale plays, currently boasting roughly 200,000 net acres in Texas' Eagle Ford and nearly 380,000 net acres in North Dakota's Bakken shale.
Fueled by strong results from these plays, Marathon's third-quarter production increased to 200,000 barrels of oil equivalent per day from 172 mboe/d in the same quarter a year ago, with income from the company's North American E&P segment more than doubling to $242 million, up from $107 million in the year-earlier quarter.

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