Marathon Petroleum (BSP:M1PC34) Net Developed Acreage # : 0.00 (As of . 20)

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What is Marathon Petroleum Net Developed Acreage #?

Net Developed Acreage # reflects the number of acres which are allocated or assignable to producing wells or wells capable of production.

The historical rank and industry rank for Marathon Petroleum's Net Developed Acreage # or its related term are showing as below:

BSP:M1PC34's Net Developed Acreage # is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Net Developed Acreage # only.

Marathon Petroleum Net Developed Acreage # Historical Data

The historical data trend for Marathon Petroleum's Net Developed Acreage # can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marathon Petroleum Net Developed Acreage # Chart

Marathon Petroleum (BSP:M1PC34) Net Developed Acreage # Explanation

Net Developed Acreage # is the amount of leased real estate that a petroleum and/or natural gas company holds, pertaining to a company's true working interest. If a company holds the entire working interest for a particular project, its net acreage and gross acreage will be the same.

Net acres can be construed as a measure of a company's potential for revenue, and increases or decreases in the figure are indicators of expansion or contraction. It can be calculated on a per project basis by multiplying the gross acres with the percentage of ownership.

Marathon Petroleum Net Developed Acreage # Related Terms

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Marathon Petroleum (BSP:M1PC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (BSP:M1PC34) » Definitions » Net Developed Acreage #

Comparable Companies

Traded in Other Exchanges

MPC:USA MPC:Mexico MPN:Germany MPC:Austria

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

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