Marathon cuts capex, keeps drilling

US independent Marathon Oil has slashed its capital budget for 2016 in half from a year earlier and will direct most of that towards unconventional resource plays in North America.

Capex: Marathon will drill less but stay focused on US resource plays
Capex: Marathon will drill less but stay focused on US resource plays
Published 17 February 2016, 23:23Updated 18 October 2016, 05:04