| Friday, 30 December 2011 Marathon Oil Corporation Declares Third Quarter 2011 Dividend |
| Friday, 30 December 2011 Marathon Oil Corporation Reports Third Quarter 2011 Results |
| Friday, 30 December 2011 Marathon Oil Corporation to Participate in Bank of America Merrill Lynch Global Energy Conference |
| Friday, 30 December 2011 Marathon Oil Sets 2012 Capital, Investment and Exploration Budget |
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Oil and natural gas are frequently produced as a mixture, rising to the surface due to existing or artificially induced underground pressure. In most cases, petroleum at the surface is separated into oil, natural gas and water. Natural gas is metered and taken from the lease via pipeline and sold according to the terms of the applicable contracts. Oil is stored until sale, upon which time it is transported by truck, rail or pipeline. Oil is considered "sold" when it is removed from the lease.
Oil and natural gas are measured differently. Oil is measured using a "run ticket," which standardizes oil volumes by adjusting for temperature, gravity and a factor known as BS&W (basic sediment and water).
