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Marathon Oil

Lee Tillman, vice president, engineering, ExxonMobil Development Company, gives a presentation on large-scale projects in the Arctic at OTC 2013 Wednesday, May 8, 2013, in Houston. (Brett Coomer/Houston Chronicle)

BP, Marathon stump for longer drilling laterals in Oklahoma

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Marathon CEO Lee Tillman said that a 2011 Oklahoma law allowing longer laterals had helped producers in the state.
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Marathon Oil to sell non-core assets, boost shale

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The Houston producer’s plan to get rid of conventional drilling assets comes as several other companies plan similar divestitures.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil cuts dividend 76 percent

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The move signals that oil producers’ priorities may be shifting again as the downturn drags on another year.
(Photo by NOAA via Getty Images)

Halfway through hurricane season, weather largely calm

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The hurricane season runs from June 1 through November, and usually peaks from mid-August through late October. This year’s season started early when Tropical Storm Ana struck South Carolina in May, but has been quiet since. No major hurricanes have formed.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Despite spending cuts and cost savings, Marathon Oil posts $386 million loss

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A collapse in crude prices trumped other efforts by the Houston-based exploration and production company to balance its budget, including boosting its production and paring back its budget.
Lee Tillman, CEO of Marathon Oil (Marathon)

OTC Commentary: Marathon CEO says U.S. crude oil policies are antiquated

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Marathon Oil CEO Lee Tillman writes that the U.S. shale revolution needs a bigger funnel for the glut of crude it has created.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon cuts 2015 capital spending by another $1 billion

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The cut is the second the company has made since crude prices began falling last summer.
OIL GAS RIG

Canadian oil company cuts more than $2 billion from 2015 budget

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It joins a slew of competitors of various sizes, from Marathon Oil to Continental Resources to ConocoPhillips, who have all cut their planned 2015 capital budgets as well.
Southwestern Energy chief executive Steven Mueller at a drilling rig near Wonderview, Ark. (Stephen Thornton/The New York Times)

Southwestern — unlike peers — plans to boost 2015 spending

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Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.
(Simon Dawson/Bloomberg)

Marathon evacuates personnel from two North Sea platforms

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About 75 workers were transferred to shore from the Brae Alpha and Brae Bravo platforms.