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December 7, 2021

Permian Basin Unconventional (Marathon Oil Corporation) NM Unconventional Gas Field, US

By Carmen

Permian Basin Unconventional (Marathon Oil Corporation) NM is a producing unconventional gas field located onshore the US and is operated by Marathon Oil.

Field participation details

The field is owned by Marathon Oil.


Production from Permian Basin Unconventional (Marathon Oil Corporation) NM

The Permian Basin Unconventional (Marathon Oil Corporation) NM unconventional gas field recovered 18.43% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 20 thousand bpd of crude oil and condensate, 45 Mmcfd of natural gas and 7.5 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047.


Remaining recoverable reserves

The field is expected to recover 165.06 Mmboe, comprised of 92.3 Mmbbl of crude oil & condensate, 254.82 bcf of natural gas reserves and 30.29 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Marathon Oil Corporation) NM unconventional gas field reserves accounts 0.13% of total remaining reserves of producing unconventional gas fields globally.


About Marathon Oil

Marathon Oil Corp (Marathon) is independent energy company, which explores, produces and markets liquid hydrocarbons and natural gas. It focuses mainly on unconventional resource plays in the US with operations in Africa and Europe. The company has properties in the major oil-rich resource plays in Eagle Ford, Permian, STACK and SCOOP and the Bakken in the US. Internationally, Marathon conducts upstream activities in the Equatorial Guinea, Iraq, and the UK. The company owns interests in an onshore liquefied petroleum gas (LPG) processing plant, a liquefied natural gas production facility and a methanol plant in Equatorial Guinea. Marathon is headquartered in Houston, Texas, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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