Marathon Oil Corp. is aiming to hold its Lower 48 natural gas and oil production flat in 2023, and ditch Henry Hub for global price indexing at its Equatorial Guinea LNG (EGLNG) business in 2024, according to management.

CEO Lee Tillman hosted a conference call to discuss the Houston-based company’s fourth quarter and full-year 2022 results.

In the United States, Marathon Oil operates primarily in the Eagle Ford and Bakken shales, Oklahoma, and the northern portion of the Permian Delaware Basin.

[Mexico Matters: Cross-border energy trade between the U.S. and Mexico reached $42 billion last year. Understand this burgeoning trade flow — the projects, politics and natural gas prices — with NGI’s Mexico Gas Price Index. Know more.]

Internationally, Marathon holds a...