Marathon Oil’s Capital Budget Favors the Eagle Ford in 2013

South Texas Gets 40% of Marathon's 2013 Capital Budget
Marathon Oil Core Eagle Ford Acreage

Marathon Oil Core Acreage | Click to Enlarge

M arathon Oil’s Eagle Ford assets will be the beneficiary of $1.9 billion in spending in 2013. Marathon released plans to spend $5.2 billion in 2013, with almost 40% of the total earmarked for South Texas.

Approximately 65% of the company’s budget is allocated to “Growth” assets and you guessed it. The Eagle Ford is a “Growth” asset for the company. That’s why $1.9 billion is allocated toward the Eagle Ford. Current plans call for the drilling of 275-320 gross (215-250 net) operated wells in 2013. [Read more…]