Marathon Oil boosts presence in domestic shale plays

03/24/2014 | FuelFix.com

Marathon Oil is expanding its presence in the Eagle Ford, Bakken and Oklahoma Woodford plays, as its rigs in those areas now total 28, the company said. "We continue to have high confidence in our ability to deliver on our North America long-term production growth targets," CEO Lee Tillman said. The company plans to ramp up shale production and enhance efficiency through down spacing and lead-time reduction, he said.

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