Production available for sale from continuing operations, excluding Libya, rose 6% Y/Y to 383K boe/day, attributed to continued growth in North American shale production.
MRO expects the region to produce 235M-248M boe/day in Q3 vs. 200M boe/day in the year-ago quarter.
Three high-quality Eagle Ford plays averaged net production of 170K boe/day, up 29% Y/Y and on track for greater than 30% Y/Y production growth.
Income from North American exploration and production rose 37% to $302M on higher sales volume that offset a 16% increase in exploration expenses.
Recorded 98% average operational availability for Company-operated assets.