JPMorgan Agents Marathon Oil Facility Upsize to $3.4B

Marathon Oil priced an offering of $1 billion of 4.400% senior notes that will mature on July 15, 2027. Concurrently, the company increased its credit facility from $3.3 billion to $3.4 billion.

Marathon 2016 Plan Reflects Death of Conventional Exploration

The Motley Fool noted that Marathon Oil’s recently released guidance for 2016 shows the amount being spent on looking for new conventional oil and gas will be $30 million, down from $250 million in 2015 and $500 million in 2014.