The Motley Fool noted in a report on Marathon Oil’s recently released 2016 guidance, that capital spending is expected to come in at $1.4 billion, a drop of nearly 55% from 2015 levels and a 75% decrease from 2014 levels.

The Motley Fool said of the $1.4 billion that Marathon is expected to spend, over 70% or about $1 million will be allocated to horizontal resource plays.

The amount being spent on looking for new conventional oil and gas will be a minuscule $30 million in 2016, down from $250 million in 2015 and $500 million in 2014, according to The Motley Fool.