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Permian Shale News

Marathon Oil plans $3.6 billion in N. America investment

oil investments

Marathon Oil said it plans to pour $3.6 billion into boosting its production of oil and gas from North America in 2014, outlining a plan increasingly focused on lucrative production in the United States. The Houston-based independent’s capital expenditure budget for 2014 will be $5.9 billion, with 60 percent allocated to North American plays, Marathon Oil said Wednesday. Integrated oil ...

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Shale success sparks midstream mania for Tulsa energy industry

Drilling new wells

The shale revolution nationwide has given birth to midstream mania in Tulsa. The explosion in U.S. oil and gas production is due to the overflowing plays such as the Bakken, Eagle Ford, Marcellus and Niobrara shales. Closer to home, the same combination of hydraulic fracturing and horizontal drilling is yielding bigger results in the Mississippi Lime. So much energy, so ...

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