Marathon Oil Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

GlobalData
94 Pages - GLDATA57247
$250.00

Summary

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.

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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
Marathon Oil Corporation, Valuation and Financial Data 9
Marathon Oil Corporation, Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
Marathon Oil Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Marathon Oil Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
Marathon Oil Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Marathon Oil Corporation, Quarterly Production Trends 14
Marathon Oil Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
Marathon Oil Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
Marathon Oil Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
Marathon Oil Corporation, Valuation and Financial Data, 2011-2015 20
Marathon Oil Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Marathon Oil Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Marathon Oil Corporation, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2011-2015 39
Acquisition Costs By Country/Region, 2011-2015 40
Exploration and Development Costs, By Country/Region, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe 44
Oil and Gas Cost Per boe, US$/boe, 2011-2015 44
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 46
Marathon Oil Corporation, Reserve Replacement Ratio 49
Oil and Gas Production Replacement Ratio 49
Oil and Gas Production Replacement Ratio, 2011-2015 49
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 51
Marathon Oil Corporation, Results of Oil & Gas Operations Trend 56
Oil and Gas Revenue and Expenses 56
Oil and Gas Revenue and Expenses, 2011-2015 56
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 57
Oil and Gas Revenue and Expenses, Per boe 62
Oil and Gas Revenue and Expenses, By boe, 2011-2015 62
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 63
Oil and Gas Performance Metrics 68
Marathon Oil Corporation, Land Holdings and Well Data 69
Developed and Undeveloped Acreage 69
Gross and Net Developed and Undeveloped Acreage, 2011-2015 69
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 70
Well Statistics 73
Producible Oil and Gas Well, 2011-2015 73
Producible Oil and Gas Well, By Country/Region, 2011-2015 74
Exploration and Development Wells Drilled, 2011-2015 79
Recent Developments 80
Marathon Oil Corporation - Recent Developments 80
Jul 28, 2016: Maersk Drilling: Maersk Valiant Contract Cancelled 80
Jul 21, 2016: Noble Energy Commences Production At Gunflint In The Gulf Of Mexico 80
Jul 14, 2016: Marathon Oil Announces First Gas From Alba B3 Compression Platform 80
Jun 06, 2016: Equatorial Guinea launches oil and gas licensing round 81
May 04, 2016: Marathon Oil Reports First Quarter 2016 Results 81
Feb 17, 2016: Marathon Oil 2016 Capital Program $1.4 Billion; Reduced Over 50% Year-over-Year 84
Feb 17, 2016: Marathon Oil Reports Fourth Quarter And Full-Year 2015 Results 86
Jan 26, 2016: JDR Awarded North Sea Umbilical Contract 89
Jan 11, 2016: EICE: Marathon Oil Eagle Ford Program, South Texas Digital Oil Field Phase II Awarded 89
Dec 23, 2015: Empyrean Energy: Q3 2015 Production From Sugarloaf AMI, Texas 90
Appendix 92
Methodology 92
Coverage 92
Secondary Research 92
Primary Research 92
Data Information Sources 93
Company Source 93
SEC/Other Regulatory Filings 93
Other Sources 93
Expert Panel Validation 93
Data Definition 93
Oil and Gas Reserves 93
Units of Measure 94
About GlobalData 94
Disclosure 94
Disclaimer 94

List of Tables
Table 1: Marathon Oil Corporation, Key Facts 8
Table 2: Marathon Oil Corporation, Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: Marathon Oil Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: Marathon Oil Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: Marathon Oil Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: Marathon Oil Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: Marathon Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: Marathon Oil Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: Marathon Oil Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: Marathon Oil Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: Marathon Oil Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: Marathon Oil Corporation, Share Price Performance, 2011-2015 20
Table 14: Marathon Oil Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Marathon Oil Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Marathon Oil Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Marathon Oil Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Marathon Oil Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Marathon Oil Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Marathon Oil Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Marathon Oil Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Marathon Oil Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Marathon Oil Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Marathon Oil Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 38
Table 26: Marathon Oil Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 39
Table 27: Marathon Oil Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 41
Table 28: Marathon Oil Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 43
Table 29: Marathon Oil Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 45
Table 30: Marathon Oil Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 48
Table 31: Marathon Oil Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 49
Table 32: Marathon Oil Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 54
Table 33: Marathon Oil Corporation, Revenue and Expenses, US$ mil, 2011-2015 56
Table 34: Marathon Oil Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 60
Table 35: Marathon Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 62
Table 36: Marathon Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 66
Table 37: Marathon Oil Corporation, Oil and Gas Performance Metrics, 2011-2015 68
Table 38: Marathon Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 69
Table 39: Marathon Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 72
Table 40: Marathon Oil Corporation, Producible Oil and Gas Wells, 2011-2015 73
Table 41: Marathon Oil Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 78
Table 42: Marathon Oil Corporation, Exploratory and Developed Wells, 2011-2015 79

List of Figures
Figure 1: Marathon Oil Corporation, Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 9
Figure 2: Marathon Oil Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: Marathon Oil Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: Marathon Oil Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: Marathon Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: Marathon Oil Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: Marathon Oil Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: Marathon Oil Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: Marathon Oil Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: Marathon Oil Corporation, Share Price Performance, USD/Share, 2011-2015 20
Figure 12: Marathon Oil Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Marathon Oil Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Marathon Oil Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Marathon Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Marathon Oil Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Marathon Oil Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Marathon Oil Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Marathon Oil Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Marathon Oil Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Marathon Oil Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Marathon Oil Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Marathon Oil Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Marathon Oil Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Marathon Oil Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Marathon Oil Corporation, Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36
Figure 27: Marathon Oil Corporation, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36
Figure 28: Marathon Oil Corporation, Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 37
Figure 29: Marathon Oil Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 39
Figure 30: Marathon Oil Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 31: Marathon Oil Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Marathon Oil Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 42
Figure 33: Marathon Oil Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 42
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, 2011-2015 44
Figure 35: Marathon Oil Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 46
Figure 36: Marathon Oil Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2011-2015 46
Figure 37: Marathon Oil Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 47
Figure 38: Marathon Oil Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 49
Figure 39: Marathon Oil Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 51
Figure 40: Marathon Oil Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 51
Figure 41: Marathon Oil Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 52
Figure 42: Marathon Oil Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 52
Figure 43: Marathon Oil Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 53
Figure 44: Marathon Oil Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 53
Figure 45: Marathon Oil Corporation, Revenue and Expenses, US$ mil, 2011-2015 56
Figure 46: Marathon Oil Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 57
Figure 47: Marathon Oil Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57
Figure 48: Marathon Oil Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 58
Figure 49: Marathon Oil Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 58
Figure 50: Marathon Oil Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 59
Figure 51: Marathon Oil Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 59
Figure 52: Marathon Oil Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 60
Figure 53: Marathon Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 62
Figure 54: Marathon Oil Corporation, Exploration Expenses per boe, By Country/Region, $/boe, 2011-2015 63
Figure 55: Marathon Oil Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2011-2015 63
Figure 56: Marathon Oil Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2011-2015 64
Figure 57: Marathon Oil Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2011-2015 64
Figure 58: Marathon Oil Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2011-2015 65
Figure 59: Marathon Oil Corporation, Total DD&A per boe, By Country/Region, $/boe, 2011-2015 65
Figure 60: Marathon Oil Corporation, Total Revenue per boe, By Country/Region, $/boe, 2011-2015 66
Figure 61: Marathon Oil Corporation, Oil and Gas Performance Metrics, 2011-2015 68
Figure 62: Marathon Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 69
Figure 63: Marathon Oil Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 70
Figure 64: Marathon Oil Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 70
Figure 65: Marathon Oil Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 71
Figure 66: Marathon Oil Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 71
Figure 67: Marathon Oil Corporation, Producible Oil and Gas Wells, 2011-2015 73
Figure 68: Marathon Oil Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 74
Figure 69: Marathon Oil Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 74
Figure 70: Marathon Oil Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 75
Figure 71: Marathon Oil Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 75
Figure 72: Marathon Oil Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 76
Figure 73: Marathon Oil Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 76
Figure 74: Marathon Oil Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 77
Figure 75: Marathon Oil Corporation, Exploratory and Developed Wells, 2011-2015 79

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