Marathon Oil (MRO) announces a $5.2B capital budget for 2013, which it expects to generate a 6%-8% Y/Y increase in production; ~65% of the budget is targeted to its liquids-rich U.S. resource plays. About one-third of the budget is allocated to the Eagle Ford shale play in Texas, where MRO raises its 2013 production target to 85K boe/day. MRO -0.3% premarket.
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