The big freeze from the arctic blast knocked out more than 18 of the Texas refineries just a month ago. For these refineries it has been a battle to repair and restart. 16 of those 18 plants shut by freeze have started some or all units. In that time demand has risen and already some are able to run at full rates on better margins.
Marathon Oil Earnings Beat on Higher Production and Lower Costs
Houston oil producer and shale exploration company Marathon Oil reported better than expected second quarter quarter earnings after the close next Wednesday. $MRO production from South Texas’ Eagle Ford shale and North Dakota’s Bakken shale rose
Marathon Oil Earnings Beat on Eagle Ford and Bakken Outlook
Houston, Texas oil producer and shale exploration company Marathon Oil reported better than expected fourth quarter earnings after the close Wednesday. $MRO guided production higher led by profits from South Texas’ Eagle Ford shale and North Dakota’s Bakken shale.
Marathon Oil Earnings Beat Raises Production Guidance
Houston, Texas oil producer and shale exploration company Marathon Oil reported better than third quarter earnings after the close Wednesday. $MRO guided production higher.
Marathon Oil Raises U.S. Production Guidance
Houston, Texas oil producer and shale exploration company Marathon Oil reported worse than expected second quarter earnings after the close Wednesday. However $MRO guided production higher to 400,000-415,000 BOE/d from prior expectation of 390,000-410,000 BOE/d.
Marathon Oil Earnings and Outlook Raised on Increased Production
Houston, Texas oil producer and shale exploration company Marathon Oil reported better than expected first quarter earnings after the close Wednesday. The stock rose after the company guided production and earnings higher.
Shale Producers Earnings Expected To Soar With Oil at Four Year Highs
Big Oil earnings delivered big profits from soaring oil and gas revenues. Energy earnings pick up with a slew of Shale names reporting. This week we have $EOG $DVN $CXO $PE $PXD $FRAC $NBL $ECA $BP $APC $CLR $MTDR $PDCE $MRO $SRCI $CHK
Marathon Oil Completely Exits Libya, Sells Out To Total
Houston based Marathon Oil Corporation $MRO announced today it completed a deal with France’s Total $TOT to buy its remaining assets in Libya. This means $MRO has completed exited Libya to concentrate on U.S. resource plays.
Canada and North Dakota Crude Feeds Midwest Refineries Boom
There was a time that midwest oil refineries were at the mercy of the cheaper crude from the American gulf coast, that has all changed with cheap crude flowing to them feeding record refining in the region.
Marathon Oil $MRO Maintains Production Cuts CAPEX
Oil producer and shale exploration company Marathon Oil $MRO reported mixed second quarter earnings after the close Wednesday. The stock rose after the company guided capex lower and production maintained.