Marathon to drill heavily in Woodford shale in '11

Marathon Oil Corp  plans to greatly expand its drilling program in the Woodford shale next year because it represents a superior investment, its chief executive said on Thursday.
The Woodford shale in Oklahoma delivers high output rates at a more reasonable cost relative to North Dakota's Bakken shale, where Marathon already plans to increase net output over the next three years to 22,000 barrels of oil equivalent per day from about 14,000 now, CEO Clarence Cazalot said.
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Source: Reuters