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Marathon Focuses on SCOOP, Eagle Ford Drilling in 1Q; Releases Bakken Rig
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Marathon Oil Corporation reported its first quarter 2016 results.
Key Points: Eagle Ford - During first quarter 2016, 50 gross Company operated (32 net) wells to sales were brought online, of which 23 were lower Eagle Ford, 19 upper Eagle Ford and eight Austin Chalk, compared to 76 gross (44 net) wells to sales in the previous quarter. Mid-Continent - Focused on leasehold protection and delineation, and brought online three gross Company-operated single lateral (SL) wells, of which one was in the SCOOP Woodford, one in the SCOOP Springer and one in the STACK Meramec. Bakken - The remaining drilling rig was released and six gross wells were brought to sales in the quarter -- four Middle Bakken and two Three Forks -- as the Company continued its shift to higher intensity completions.- ✓ Full news archive — U.S., Canada & international coverage
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