Marathon Oil exec discusses Eagle Ford operations

05/27/2013 |

Marathon Oil has produced 65,000 barrels of oil equivalent per day in the Eagle Ford Shale play in Texas in 2012, and targets output of 85,000 barrels of oil equivalent per day by year's end, an executive said. The company has invested about $4.5 billion purchasing assets in the formation so far. "We're also divesting of acreage or letting acreage expire to the extent that it doesn't meet our return requirements," said Janet Clark, Marathon's executive vice president and chief financial officer.

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