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Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp

Marathon Oil Corp · Mar 25, 2014 · 17 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. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 1
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 President and CEO Lee Tillman delivered the keynote address on March 25 at the Texas Independent Producers & Royalty Owners Association (TIPRO) annual convention in Fort Worth.…
  2. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 2
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Thank you, David (TIPRO Chairman David Martineau), for those kind words and thanks to TIPRO for the opportunity to speak to you this afternoon. Marathon Oil appreciates our…
  3. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 3
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Of course, Texas Barnett and Eagle Ford shales, as well as our states Permian Basin, are playing a critical role in that supply revolution. At Marathon Oil, weve made the Eagle Ford…
  4. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 4
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 This slide shows the forecast for growing domestic production of crude oil and natural gas, with crude oil approaching the 1970 all-time high of 9.6 million barrels per day (bpd). In…
  5. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 5
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Of course, the surge in domestic production is also having a dramatic impact on U.S. crude oil imports. The U.S. government reported in January that crude oil imports dropped below 7…
  6. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 6
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 A bit closer to home, lets take a look at some Texas statistics. This chart shows Texas oil and gas production since 1985. The trend is obvious. According to the EIA, our states crude…
  7. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 7
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 With these dramatic supply and associated economic factors as a backdrop, I would like to review Marathon Oils business strategy with emphasis on our activities in the Eagle Ford. We…
  8. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 8
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 As you can see from this map, we have operations in both North America and key international locations. From these, we generated 14.5 billion in revenues during 2013, with net sales…
  9. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 9
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 This slide summarizes our accelerating rig activity in the U.S. onshore business, where we've successfully grown our resource base by more than 100 percent in only the last two…
  10. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 10
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Marathon Oil has created optionality across three of the highest value resource plays in the U.S. This optionality is founded on a growing resource base and 10-plus years of drilling…
  11. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 11
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 The previous slide demonstrated our optionality on pace in the resource plays, but our exposure across these three high-quality plays also provides optionality in capital allocation.…
  12. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 12
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Our Eagle Ford 2P resources have more doubled in the two years since the initial acquisition to 1 billion boe. Since we acquired this asset, we have consistently improved well results…
  13. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 13
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Beyond downspacing, completion optimization and co-development, the other significant opportunity to improve value is through capital and operating efficiency. There is a lot of…
  14. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 14
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 The Eagle Ford is Marathon Oils flagship asset. With significant resource growth and best-in-class drilling efficiency, we are accelerating the value of the Eagle Ford asset base by…
  15. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 15
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Of course, our ability to deliver this kind of economic progress depends on successful execution of our business plans and our ability to operate. And in many ways, that depends on…
  16. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 16
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 Further on the topic of hydraulic fracturing, we as a company support specific, state-level disclosure of fracturing fluid components and participate voluntarily in the chemical…
  17. Lee Tillman at Tipro Annual Meeting – Marathon Oil Corp – slide 17
    Lee Tillman at TIPRO Annual Meeting March 25, 2014 As I noted earlier, the opportunities are great and so are the challenges. We have moved from energy scarcity to energy abundance. Our job is to ensure we develop them safely and…

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