Subscribe free to our newsletters via your
. Nuclear Energy News .




OIL AND GAS
Company sees production growing across the board
by Daniel J. Graeber
New York (UPI) Sep 4, 2014


disclaimer: image is for illustration purposes only

Marathon Oil Corp. said it was focusing its strategies on U.S. shale basins after achieving a 20 percent increase in reserves since the end of 2013.

The company said its unconventional 2P reserves, or proven plus probable, in Oklahoma, North Dakota and Texas increased 20 percent compared with year-end 2013 to 3 billion barrels of oil equivalent.

"Associated with the resource growth, Marathon Oil's well inventory for future drilling opportunities has increased to more than 4,600 net well locations across the Eagle Ford, Bakken and the Oklahoma resource basins," Chief Executive Officer Lee Tillman said Wednesday at an energy conference in New York.

New drilling technologies for shale basins have made the United States one of the largest oil producers in the world. Tillman said his company aims to increase drilling across the so-called SCOOP basin in Oklahoma, the Bakken reserve area in North Dakota and the Eagle Ford shale in Texas to 4,650 wells.

"More resource equals more inventory, which supports more drilling activity in our highest return opportunities," Tillman said. "This increased drilling activity will give us a 'fast start' on 2015 growth as we continue to position for further acceleration."

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
BP, SOCAR to build Azeri workforce
Baku, Azerbaijan (UPI) Sep 2, 2014
Azerbaijan and BP announced plans to build a national workforce to help develop the country's oil and gas industry, officials said. Representatives from BP and the State Oil Company of the Azerbaijan Republic signed documents in Baku on building a workforce specializing in the oil and natural gas business. "The memorandum of understanding will allow SOCAR and BP to create a reser ... read more


OIL AND GAS
Scientists create renewable fossil fuel alternative using bacteria

VIASPACE Establishes Giant King Grass Research Collaboration With California

Cenex Tank Program assists retailers offering E15

Ceres to Expand Product Development in Sorghum and Sugarcane

OIL AND GAS
Future solar panels

Solar System Transforms Fallow Land Into Money Generating Asset

Sunrun Unveils BrightPath, the First End-to-End Automated Software Platform for the Residential Solar Industry

HelioSage Energy Announces Sale of 12 Solar Projects in North Carolina

OIL AND GAS
Gwynt y Mor wind farm already making the grade

Real 20 per cent Renewable Energy Target would decimate industry

Scottish marine power a testament of unity, London says

Scottish government approves build of Iberdrola wind farm

OIL AND GAS
Existing power plants will spew 300 billion more tons of carbon dioxide during use

Yale Journal Explores Advances In Sustainable Manufacturing

London carrying energy, climate message to New Delhi

Smartphone-loss anxiety disorder

OIL AND GAS
Scientists craft atomically seamless semiconductor junctions

Stanford scientists develop a water splitter that runs on an ordinary AAA battery

Greensmith on track to integrate 4 new battery types in 2014

Indonesia passes law to tap volcano power

OIL AND GAS
Orion Rocks! Pebble-Size Particles May Jump-Start Planet Formation

Rotation of Planets Influences Habitability

Planet-like object may have spent its youth as hot as a star

Young binary star system may form planets with weird and wild orbits

OIL AND GAS
BAE Systems ships carrier hull section to Scotland

GenDyn providing support services for Littoral Combat Ships

South Korea launches fourth of 20 new frigates

Navy, Purdue to promote commercialization of their intellectual property

OIL AND GAS
Scientist uncovers red planet's climate history in unique meteorite

A Salty, Martian Meteorite Offers Clues to Habitability

Opportunity Mars Rover Suffers a Series of Resets

Mars Rover Team Chooses Not to Drill 'Bonanza King'




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.