Marathon Oil’s disposition-adjusted production comparison
On a disposition-adjusted basis, Marathon Oil’s (MRO) 1Q17, 4Q16, and 1Q16 production come in around 338 Mboepd (thousand barrels of oil equivalent per day), 349 Mboepd, and 339 Mboepd, respectively. On a disposition-adjusted basis, Marathon Oil’s 1Q17 production is 1 Mboepd lower than in 1Q16. On a disposition-adjusted basis and sequentially, Marathon Oil’s 1Q17 production is down 11 Mboepd or ~3% compared with 4Q16.
From 3Q15 to 3Q16, Marathon Oil sold various assets in West Texas, East Texas, New Mexico, North Louisiana, Oklahoma, Wyoming, and the Gulf of Mexico. Also in March 2017, MRO sold its OSM (Oil Sands Mining) assets in Canada to Royal Dutch Shell (RDS.A) and Canadian Natural Resources (CNQ). The production volumes associated with these assets have been removed from all periods (1Q17, 4Q16, and 1Q16) to calculate divestiture-adjusted production.