Marathon Oil’s third-quarter 2024 earnings report offers a deep dive into the company’s performance across its core U.S. assets, including the Eagle Ford, Bakken, Permian, and Oklahoma plays. The company demonstrated strong production results, driven by efficiency gains and well productivity, while maintaining disciplined capital spending.

MARA, formerly known as Marathon Digital Holdings, has announced an innovative new project in collaboration with NGON. The two companies are launching a 25MW micro data center operation at oil wellheads across Texas and North Dakota, scheduled to become operational by January 2025. This project aims to reduce methane emissions by using excess natural gas from oilfield operations to generate electricity, instead of flaring the gas.

MPLX has been actively expanding its natural gas infrastructure. This includes the startup of new processing plants like the Preakness II and Harmon Creek II in the Permian and Marcellus basins respectively, each with a capacity of 200 million cubic feet per day.

– Marathon Oil Corporation (NYSE: MRO) reported full-year 2023 net income of $1,554 million

For the full year 2023, net income attributable to MPC was $9.7 billion, or $23.63 per diluted share, compared with net income attributable to MPC of $14.5 billion, or $28.12 per diluted share for the full year 2022. Adjusted net income was $9.7 billion, or $23.63 per diluted share for the full year 2023. This compares to adjusted net income of $13.5 billion, or $26.16 per diluted share for the full year 2022. Adjustments are shown in the accompanying release tables.

Third quarter results are a continuation of our track record of consistent operational execution, strong financial results, and peer-leading return of capital to our shareholders,” said chairman, president, and CEO Lee Tillman. “We expect to finish the year strong with free cash flow generation growing sequentially again in the fourth quarter, contributing to both peer- and market-leading shareholder distributions.

Marathon Oil’s originally provided 2023 production guidance ranges remain unchanged with the Company’s full year 2023 total

Marathon Oil announced a $1.9 to $2.0 billion capital expenditure budget for 2023, Marathon Oil expects to deliver maintenance-level total Company oil production of 190,000 net bopd

A Marathon Oil Company well located 5 miles south of the city of Lindsay in Garvin County produced more than 1,700 barrels of oil a day when completed last spring. Marathon filed the completion report this week on the Hard Knox 0304 1-3-34sxh located at 9 3N 4W. Production totaled…