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Marathon Touts Eagle Ford Efficiencies; 1,060 BOE/d SCOOP Wells
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Marathon Oil Corp. reported its third quarter 2015 results.
Key Points: Closed non-core asset sales in East Texas, North Louisiana and Wilburton, Oklahoma for approximately $100 million North America E&P production available for sale averaged 263,000 net barrels of oil equivalent per day (boed) for third quarter 2015, a 5 percent increase over the year-ago quarter and compared to 274,000 net boed for second quarter 2015. The decrease from the second quarter 2015 was primarily a result of lower Eagle Ford volumes On track to achieve total Company and U.S. resource play production growth rates of 7% and 20%, respectively, year over year, with $200 million less capital Eagle Ford: Efficiency gains in drilling and completions continued, as evidenced by wells drilled at an average rate of…- ✓ Full news archive — U.S., Canada & international coverage
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