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2014 BAML 2014 Global Energy Conference – Marathon Oil Corp

Marathon Oil Corp · Nov 13, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 1
    BAML 2014 Global Energy Conference J.R. Sult Executive Vice President & Chief Financial Officer November 13, 2014
  2. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 2
    Strong 3Q Operational Performance U.S. Resource Plays Deliver 40% Year Over Year Growth High quality U.S. resource plays deliver strong production growth 43% year-over-year; 13% quarter-over-quarter Eagle Ford brings record 87 gross…
  3. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 3
    U.S. Resource Plays Over Half of E&P Production Mix Predictable Execution Delivering Consistent Growth Eagle Ford, Bakken & Oklahoma Unconventional Available for Sale Volumes 250,000 200,000 192,000 170,000 150,000 134,000…
  4. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 4
    Eagle Ford Executing with Confidence Record 87 Wells to Sales in 3Q 2014 Production averaged 117,000 net BOED; increased Eagle Ford Production Volumes 43% over 3Q 2013 and 15% over prior quarter 140 120 Enhanced completion design…
  5. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 5
    Tighter Stage Spacing Capturing Value Eagle Ford Stage Spacing Evolution Early 250 stage spacing wells delivering on average 25% improvement over 350 type curve Stage Spacing Incremental capital yields IRR 100% Testing stage spacing…
  6. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 6
    On Plan to Delineate Austin Chalk Co-development Eagle Ford Austin Chalk Co-Development Delineation Q3 Results Morgan Encouraging early results from 1,058 BOEPD 16 wells Direct Assets 792 BOEPD Includes 11 wells brought online YTD 2014…
  7. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 7
    Stack and Frac Targeting Upper Eagle Ford Eagle Ford Stack and Frac Pilot Upper Eagle Ford prospective across Karnes and Atascosa acreage Pilot testing extends Austin Chalk / Lower Austin Chalk Eagle Ford success Avg. thickness 100 Ash…
  8. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 8
    Bakken Shifting Up a Gear More than 30% of enhanced completion pilots on-line Bakken Production Volumes Production averaged 56,000 net BOED; 60 increased 47% over 3Q 2013 and 12% over prior quarter 50 40 Pace of Bakken wells to…
  9. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 9
    Rapid Transition to Higher Density Pilots Bakken 4 operated high density pilots Brodahl Pilot planned in three major areas 6 x MB 6 x TF 1st Bench Myrmidon Initial results expected in 1H Drilling 2015 TAT USA 34 Pilot 6 x MB…
  10. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 10
    Shifting Up a Gear in Completion Designs Bakken Over 50% of remaining wells in 2H 2014 involved in completion pilots Myrmidon 3 2014/15 Completion Pilots Varied fluid/sand volumes: 27 9 wells also reduce stage spacing, trial…
  11. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 11
    Oklahoma Resource Basins Moving to Scale Continuing to build acreage position and adding rig capacity ORB Production Volumes Production averaged 19,000 net BOED; 20 increased 27% over 3Q 2013 15 6 gross operated wells to sales in 3Q…
  12. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 12
    SCOOP Outperforming & Competing for Capital Oklahoma Resource Basins SCOOP Play 140,000 net acres Continue to increase acreage position Legend Active Lease and delineate SCOOP LegendOil MRO Dunn 1-14XL Condensate 1,550 BOED Dry Gas…
  13. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 13
    STACK Offers Ground-floor Acreage Growth Oklahoma Resource Basins STACK Play 100,000 net acres Continuing to grow acreage position Osage S. Miss Trend Added 16,500 acres YTD Producer 4 producing Southern Miss Trend operated wells…
  14. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 14
    Exploring New Horizons Oklahoma Resource Basins Springer Granite Wash Marlow Legend MRO Granite Wash Woodford Wells Granite Wash SCOOP Exploring further horizons within existing Testing horizontal redevelopment of…
  15. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 15
    Focused Exploration Creating Optionality Key Largo spud, EG near term oil potential, Gabon position strengthened S WR622 WR578 N Salt Key Largo Key Largo Salt 25,000 Middle Miocene MRO operated, 60% WI Lower Miocene…
  16. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 16
    Executing on 2014 Priorities Allocating Capital to Highest Return Investments On track for 2013 - 2014 resource play production growth 30% Eagle Ford executing with confidence Record 87 wells to sales in 3rd quarter Austin Chalk…
  17. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 17
    Roadmap to be Recognized as Premier Independent E&P Marathon Oils Seven Strategic Imperatives (SI7) Living Our Values Long-term Shareholder Investing Value in our People Quality and Material Operating Resource and Capital…
  18. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 18
    GOM Exploration Activity Moves Front and Center Conventional Exploration Drilling Schedule 2014 J F M A M J J A S O N D Country Well Q1 Q2 Q3 Q4 Kurdistan Mangesh-1 20%WI TD Testing Kurdistan East Swara Tika-1 20%WI TD…
  19. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 19
    Key Largo Leveraging Superior Properties of Inboard Paleogene Trend Gulf of Mexico Play characteristics Large structures Shenandoah Bigfoot TLP Laterally extensive, thick sandstones High net to gross sand thickness Solomon…
  20. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 20
    Near-Field, Oil-Prone Exploration Opportunity Equatorial Guinea block A12, Sub Area B amplitude driven play Total gross resource potential 200 to 500 MMBOE Within multiple prospects MRO operated (80% to 100% WI) 2014 - 2015 Program…
  21. 2014 BAML 2014 Global Energy Conference – Marathon Oil Corp – slide 21
    Emerging Offshore Pre-salt Play Gabon Gabon emerging pre-salt play 100 miles 12 BBOE gross resource potential Diaba block (MRO 21.25% WI, TOTAL operator) Rabi Kounga Field 3 BBOE unrisked gross resource potential (900 MMBOE)…

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