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Marathon Sees 21% YOY Output Growth; Touts Strong Well IPs from Bakken, Wolfcamp
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[Summary: Marathon Oil reported its Q1 2018 results.
Highlights:- Q1 2018 production of 398 MBOEPD (excluding Libya) (up +21% YOY and up +4% from 4Q17)
Operational Highlights Bakken- 11 gross wells brought online - six in core Hector area with average IP30 of 2,600 BOEPD (81% oil)
The Arkin well in Hector set a new Williston Basin Three Forks record delivering a 30-day IP oil rate of 3,040 BOPD The Company set two new basin Middle Bakken records in West Myrmidon with average 30-day IP rates of 3,470 bopd from the June and Chauncey wells. Two additional West Myrmidon wells that came online late in the quarter, the Mark Middle Bakken well and Wilbur Three Forks well, achieved 24-hour IP rates of 10,875 boed and 7,570 boed, respectively, and are not yet at 30 days of…- ✓ Full news archive — U.S., Canada & international coverage
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