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Title : Not Only Is The Bakken Not Dead, It's Looking Better And Better Every Day -- March 4, 2018
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Not Only Is The Bakken Not Dead, It's Looking Better And Better Every Day -- March 4, 2018

Houston Biz Journal is reporting, "Libya? We're outta here!" Data points:

• MRO has exited Libya; $450 million deal to sail away
• a subsidiary of Paris-based Total will buy MRO's assets in the Waha concessions in Libya (and all the chaos and terrorism that comes with it)
• MRO says it plans to narrow its focus on US shale
• in November, 2015, the company announced it was planning to sell off at least $500 million in traditional exploration assets -- including the majority of its Gulf of Mexico assets
• in March, 2017, MRO also announced deals to exit the higher-cost Canadian oil sands and enter the Permian Basin
• bottom line: 95% of MRO's CAPEX and about 70% of its total production will now be associated with US resource plays, and expanding the margins of these plays in 2018

So much for all that talk about the lack of interest in Tier 2 and Tier 3 drilling locations and fringe areas in shale basins.

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