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Marathon Brings 19 Bakken Wells to Sales; Cuts Spud-to-TD Time
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Marathon Oil Corp. has reported a second quarter 2014 update on its Bakken/Three Forks operations.
Marathon Oil averaged 50,000 net boed of production in the Bakken during the second quarter of 2014, an increase of 28 percent over the year-ago average and 16 percent over the previous quarter. The Company's Bakken production averages 90 percent crude oil, 4 percent NGLs and 6 percent natural gas. The Company reached total depth on 19 gross Company-operated wells and brought 19 gross operated wells to sales in the second quarter, compared to 16 and 11 gross wells, respectively, in the first quarter of 2014.
The Company's time to drill a Bakken well, spud-to-total depth, averaged 17 days in the second quarter.
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The Company re-completed eight wells during the second quarter of…
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