Marathon Oil Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 100 |  Published By: GlobalData | Format: PDF
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Summary

Marathon Oil Corporation (MRO) is independent oil and gas company, which explores, produces and markets liquid hydrocarbons and natural gas. The company also markets synthetic crude oil produced from oil sands. It operates oil sands mining business in the Athabasca Oil Sands Project (AOSP), Alberta, Canada. Its major properties are located in Eagle Ford, Oklahoma Resource play and Bakken play. MRO also holds interests in Gunflint field located on Mississippi Canyon Blocks. The company has operational presence in Equatorial Guinea, Canada, the US, Libya, the UK and Gabon. MRO is headquartered in Houston, Texas, the US.

Marathon Oil Corporation Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Marathon Oil Corporation, Valuation and Financial Data 8
Marathon Oil Corporation, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Marathon Oil Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Marathon Oil Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2015-Q4, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2015-Q4, 2016 11
Marathon Oil Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Marathon Oil Corporation, Quarterly Production Trends 13
Marathon Oil Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 14
Marathon Oil Corporation, Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 15
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 16
Marathon Oil Corporation, Natural Gas Production 17
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 17
Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 18
Marathon Oil Corporation, Valuation and Financial Data, 2012-2016 19
Marathon Oil Corporation, Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Marathon Oil Corporation, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 23
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 26
Crude Oil Production and Reserves By Country/Region, 2012-2016 27
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2012-2016 31
Natural Gas Production and Reserves, By Country/Region, 2012-2016 32
Natural Gas Reserve Changes, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36
Marathon Oil Corporation, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2012-2016 39
Acquisition Costs By Country/Region, 2012-2016 41
Exploration and Development Costs, By Country/Region, 2012-2016 43
Oil and Gas Cost Per boe, US$/boe 45
Oil and Gas Cost Per boe, US$/boe, 2012-2016 45
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 47
Marathon Oil Corporation, Reserve Replacement Ratio 50
Oil and Gas Production Replacement Ratio 50
Oil and Gas Production Replacement Ratio, 2012-2016 50
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 53
Marathon Oil Corporation, Results of Oil & Gas Operations Trend 58
Oil and Gas Revenue and Expenses 58
Oil and Gas Revenue and Expenses, 2012-2016 58
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 60
Oil and Gas Revenue and Expenses, Per boe 66
Oil and Gas Revenue and Expenses, By boe, 2012-2016 66
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 68
Oil and Gas Performance Metrics 74
Marathon Oil Corporation, Land Holdings and Well Data 75
Developed and Undeveloped Acreage 75
Gross and Net Developed and Undeveloped Acreage, 2012-2016 75
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 76
Well Statistics 79
Producible Oil and Gas Well, 2012-2016 79
Producible Oil and Gas Well, By Country/Region, 2012-2016 80
Exploration and Development Wells Drilled, 2012-2016 86
Recent Developments 88
Marathon Oil Corporation - Recent Developments 88
May 18, 2017: Coreworx Confirmed To Speak At World's Largest Downstream Industry Event 88
May 04, 2017: Marathon Oil Reports First Quarter 2017 Results 88
Apr 25, 2017: Carrier Energy Partners Exits Delaware Basin 91
Mar 28, 2017: Brookside Energy Adds To STACK Well Count 91
Mar 17, 2017: Cheniere Energy Announces Key Commercial Agreements Signed And Binding Open Season Launched On Midship Pipeline Project 93
Mar 09, 2017: 1-Libya's Oil Output Drops To 620,000 Bpd -NOC Head 93
Mar 08, 2017: Brookside Energy Announces Next Non-Operated STACK Well Funded 93
Feb 23, 2017: Empyrean Energy Provides Update On Pearl River Mouth Basin Project Offshore China 94
Feb 23, 2017: Marathon Oil appoints executive vice president and CFO 95
Feb 16, 2017: ShaMaran Announces Atrush 2016 Year-End Reserves Estimates 95
Appendix 97
Methodology 97
Coverage 97
Secondary Research 97
Primary Research 98
Data Information Sources 98
Company Source 98
SEC/Other Regulatory Filings 98
Other Sources 98
Expert Panel Validation 98
Data Definition 99
Oil and Gas Reserves 99
Units of Measure 99
About GlobalData 100
Disclosure 100
Disclaimer 100

List of Tables
Table 1: Marathon Oil Corporation, Key Facts 7
Table 2: Marathon Oil Corporation, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Marathon Oil Corporation, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Marathon Oil Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Marathon Oil Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Marathon Oil Corporation, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: Marathon Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: Marathon Oil Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: Marathon Oil Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: Marathon Oil Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: Marathon Oil Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: Marathon Oil Corporation, Share Price Performance, 2012-2016 19
Table 14: Marathon Oil Corporation, Key Valuation Metrics, 2012-2016 20
Table 15: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Marathon Oil Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Marathon Oil Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Marathon Oil Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Marathon Oil Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Marathon Oil Corporation, Crude Oil Reserve Changes, mmbbl, 2012-2016 30
Table 21: Marathon Oil Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Table 22: Marathon Oil Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33
Table 23: Marathon Oil Corporation, Natural Gas Reserve Changes, bcf, 2012-2016 34
Table 24: Marathon Oil Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Table 25: Marathon Oil Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 38
Table 26: Marathon Oil Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 40
Table 27: Marathon Oil Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 42
Table 28: Marathon Oil Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 44
Table 29: Marathon Oil Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 46
Table 30: Marathon Oil Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 49
Table 31: Marathon Oil Corporation, Oil and Gas Production Replacement Ratio, %, 2012-2016 51
Table 32: Marathon Oil Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 56
Table 33: Marathon Oil Corporation, Revenue and Expenses, US$ mil, 2012-2016 59
Table 34: Marathon Oil Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 64
Table 35: Marathon Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 67
Table 36: Marathon Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 72
Table 37: Marathon Oil Corporation, Oil and Gas Performance Metrics, 2012-2016 74
Table 38: Marathon Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 75
Table 39: Marathon Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 78
Table 40: Marathon Oil Corporation, Producible Oil and Gas Wells, 2012-2016 79
Table 41: Marathon Oil Corporation, Producible Oil and Gas Wells, By Country/Region, 2012-2016 84
Table 42: Marathon Oil Corporation, Exploratory and Developed Wells, 2012-2016 87

List of Figures
Figure 1: Marathon Oil Corporation, Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8
Figure 2: Marathon Oil Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: Marathon Oil Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Figure 4: Marathon Oil Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12
Figure 5: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13
Figure 6: Marathon Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Figure 7: Marathon Oil Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Figure 8: Marathon Oil Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Figure 9: Marathon Oil Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Figure 10: Marathon Oil Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Figure 11: Marathon Oil Corporation, Share Price Performance, USD/Share, 2012-2016 19
Figure 12: Marathon Oil Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 20
Figure 13: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 21
Figure 14: Marathon Oil Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 23
Figure 15: Marathon Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 23
Figure 16: Marathon Oil Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 17: Marathon Oil Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 18: Marathon Oil Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 19: Marathon Oil Corporation, Oil Production, By Country/Region, mmbbl, 2012-2016 27
Figure 20: Marathon Oil Corporation, Crude Oil Reserve Changes, mmbbl, 2016 29
Figure 21: Marathon Oil Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Figure 22: Marathon Oil Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32
Figure 23: Marathon Oil Corporation, Gas Production, By Country/Region, bcf, 2012-2016 32
Figure 24: Marathon Oil Corporation, Natural Gas Reserve Changes, bcf, 2016 34
Figure 25: Marathon Oil Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Figure 26: Marathon Oil Corporation, Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 27: Marathon Oil Corporation, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 28: Marathon Oil Corporation, Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 37
Figure 29: Marathon Oil Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Figure 30: Marathon Oil Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 31: Marathon Oil Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 32: Marathon Oil Corporation, Development Costs, By Country/Region, US$ mil, 2012-2016 43
Figure 33: Marathon Oil Corporation, Exploration Costs, By Country/Region, US$ mil, 2012-2016 43
Figure 34: Marathon Oil Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 45
Figure 35: Marathon Oil Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 47
Figure 36: Marathon Oil Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2012-2016 47
Figure 37: Marathon Oil Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 48
Figure 38: Marathon Oil Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 50
Figure 39: Marathon Oil Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 53
Figure 40: Marathon Oil Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 53
Figure 41: Marathon Oil Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 54
Figure 42: Marathon Oil Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 54
Figure 43: Marathon Oil Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 55
Figure 44: Marathon Oil Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 55
Figure 45: Marathon Oil Corporation, Revenue and Expenses, US$ mil, 2012-2016 58
Figure 46: Marathon Oil Corporation, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 60
Figure 47: Marathon Oil Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 60
Figure 48: Marathon Oil Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 61
Figure 49: Marathon Oil Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 61
Figure 50: Marathon Oil Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 62
Figure 51: Marathon Oil Corporation, Production Costs, By Country/Region, US$ mil, 2012-2016 62
Figure 52: Marathon Oil Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 63
Figure 53: Marathon Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 66
Figure 54: Marathon Oil Corporation, Exploration Expenses per boe, By Country/Region, $/boe, 2012-2016 68
Figure 55: Marathon Oil Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2012-2016 68
Figure 56: Marathon Oil Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2012-2016 69
Figure 57: Marathon Oil Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2012-2016 69
Figure 58: Marathon Oil Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2012-2016 70
Figure 59: Marathon Oil Corporation, Total DD&A per boe, By Country/Region, $/boe, 2012-2016 70
Figure 60: Marathon Oil Corporation, Total Revenue per boe, By Country/Region, $/boe, 2012-2016 71
Figure 61: Marathon Oil Corporation, Oil and Gas Performance Metrics, 2012-2016 74
Figure 62: Marathon Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 75
Figure 63: Marathon Oil Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 76
Figure 64: Marathon Oil Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 76
Figure 65: Marathon Oil Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 77
Figure 66: Marathon Oil Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 77
Figure 67: Marathon Oil Corporation, Producible Oil and Gas Wells, 2012-2016 79
Figure 68: Marathon Oil Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 80
Figure 69: Marathon Oil Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 80
Figure 70: Marathon Oil Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 81
Figure 71: Marathon Oil Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 81
Figure 72: Marathon Oil Corporation, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 82
Figure 73: Marathon Oil Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 82
Figure 74: Marathon Oil Corporation, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 83
Figure 75: Marathon Oil Corporation, Exploratory and Developed Wells, 2012-2016 86


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