The sudden oil boom on the southern part of Texas called the Eagle Ford Shale has lured the attention of many oil companies in the country. One such company is Marathon Oil Corporation, which regards their Eagle Ford operations as one of the fastest growing cornerstones of their organization.
In this video, Kirk Spilman, the corporation’s Eagle Ford asset manager, talks about the development of their activity in the area. He says that the main reason why Eagle Ford got their attention is because of its liquid-rich nature in contrast with other plays in the continent. That is why they are giving a lot of focus on quarrying, which constitutes a great portion of their returns. They continuously make their operations grow rapidly and make gigantic efforts to optimize efficiency.
According to Spilman, this year, they are into researches and studies so as to know if they can make the spacing of the oil wells closer. This will increase their reserve base for their assets, which the company deems important since it is one of their key performance measures.
The company, he says, envisions a long-term operation on the Eagle Ford. This simply means that employees, and there are a lot of them, can be rest assured that they can benefit financially from the operation for a long time. Not only that, the activity also benefits the surrounding communities which are directly and indirectly affected positively.
Spilman ends this video by saying that it is by affecting these lives and making those productive investments that the Marathon Oil Company exists.