Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Drilling Program
Operator To Spend $1.1 Billion In Capital; 163 Wells Planned For 2016
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Marathon Oil Corporation has announced a 2016 capital program of $1.4 billion:
Reduced more than 50% below 2015 and more than 75% below 2014 Total Company production expected to decline 6-8% on divestiture-adjusted basis Increased target for non-core asset sales to a range of $750 million to $1 billion North America: Marathon Oil is allocating $1.15 billion to activity in North America with the majority focused on the Company's three U.S. resource plays where it plans to bring 157-169 gross Company-operated wells to sales.Eagle Ford
Approximately $600 million in capital spending is earmarked for the Eagle Ford, of which $520 million is for drilling and completions. The Company expects to bring 124-132 gross Company-operated wells to sales in the Eagle Ford with an average of five…- ✓ Full news archive — U.S., Canada & international coverage
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