Marathon Oil Reaps Eagle Ford, Bakken Profits as Production Skyrockets, Puts Full-Year Capex at $5.88 Billion

SUGAR LAND--August 6, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas giant Marathon Oil Company (NYSE:MRO) (Houston, Texas) saw sharp profit gains in second-quarter 2014 after it reported strong production growth in its U.S. resource plays and higher condensate price realizations. Three resource plays--the Eagle Ford and Bakken shales and the Oklahoma Resource Basin--grew production 29% from the same period last year, with liquids production up 30%. Industrial Info is tracking more than $10.7 billion in active projects involving Marathon Oil.

Within this article: Details on Marathon Oil's quarter and projects, including three projects at one of the company's U.S. Gulf Coast refineries.