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Marathon Oil Guts Capital Spending Plans as Losses Widen in Third-Quarter 2015, Despite Growth in Eagle Ford, Other U.S. Shales, an Industrial Info News Alert

November 6, 20154:30 AM Marketwired

SUGAR LAND, TX–(Marketwired – Nov 6, 2015) – Researched by Industrial Info Resources (Sugar Land, Texas) — Finding rosy lenses unfashionable, executives at oil and gas giant Marathon Oil Company (NYSE:MRO) (Houston, Texas) acknowledged that oil prices likely will remain low for a “longer period of time” in a presentation accompanying third-quarter 2015 results. The company’s capital-spending plan for 2016 is now expected to be 29% lower than the plan for 2015, although operational improvements have helped to boost output in the profitable U.S. resource plays, including the Eagle Ford Shale. Industrial Info is tracking $9.89 billion in active projects involving Marathon Oil.

Within this article: Details on Marathon Oil’s quarter and projects, including the expansion a crude-oil storage terminal in Louisiana.

For details, view the entire article by subscribing to Industrial Info’s Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com “Contact Us” page.

Contact:
William Ploch
713-783-5147

Eagle Ford Marathon Oil

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