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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