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Marathon Raises Guidance for 2018; Continues Seeing Strong Eagle Ford, Bakken IPs
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Marathon Oil reported second quarter 2018.
Highlights:- Net income of $96 million, or $0.11 per diluted share. Adjusted net income was $126 million, or $0.15 per diluted share. Net operating cash flow was $767 million, or $849 million before changes in working capital
- Total production averaged 419,000 net boed (up +5% YOY); U.S. production averaged 298,000 net boed, both up 5% (ex-Libya) compared to the prior quarter
U.S. resource plays averaged 285,000 net boed, up 6% compared to the prior quarter with all four basins growing sequentially Eagle Ford production increased to 106,000 net boed, up 2% sequentially; 39 wells to sales had an average 30-day initial production (IP) rate of 1,880 boed (66% oil) Bakken production averaged 82,000 net boed, up 11% sequentially, with oil…- ✓ Full news archive — U.S., Canada & international coverage
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