Marathon Oil recorded an increase of 1.9% in total oil and gas production to 4,38,549.75 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Marathon Oil grew 40.94% in November 2021 from 3,11,156.3 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 6.32% from the same period in 2020.
The company’s oil production grew 3.03% to 2,94,252.37 bd in November 2021 from the previous month, while gas production up by 0.55% to 754.85 mmcf/d. On a YTD basis, oil production increased by 4.64% in 2021 when compared with the same period in 2020, while gas production rose by 14.67%. Out of the total oil and gas production in November 2021, oil production held a 67.1% share, while gas production held a 29.68% share.
Looking at the states where Marathon Oil recorded the highest oil and gas production in November 2021, Texas figured at the top. The company produced 2,42,374.63 boe/d in the state in November 2021, an increase of 1.32% from the previous month.
On a YTD basis, the company produced 21,31,564.88 boe/d in Texas in 2021, recording a decrease of 45.9% from the same period in 2020.
Marathon Oil witnessed the highest oil and gas production in Karnes county in November 2021. Out of all the counties, Karnes county held a share of 35.09% for the firm. The company produced 1,53,891.48 boe/d in Karnes county in November 2021, a decrease of 1.37% in production when compared with the previous month.
On a YTD basis, the county produced 14,37,240.08 boe/d for the company in 2021, a 7.04% increase from the same period in 2020.
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.