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Marathon Oil Third Quarter 2016 Results
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Marathon Oil reported its Q3 2016 results.
Key Points:50% Increase in Rig Activity by Year-End 2016
Increasing rig count from 8 to 12 rigs across three plays.
More Intense Eagle Ford Frac
The unbounded Hausmann Lower Eagle Ford oil well, completed with a more intense stimulation and 200-foot stage spacing, averaged 2,285 boed (81 percent oil) over 30 days. Highlights: Third quarter total Company production averaged 402,000 net boed, above the top end of guidance and up 5% sequentially Oklahoma Resource Basins' production up more than…- ✓ Full news archive — U.S., Canada & international coverage
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