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Marathon Touts IP30s Across Four Plays; Adds Fourth Delaware Basin Rig
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Marathon reported its Q3 2017 results. Highlights from its release / conference call include:
Added fourth rig in the Delaware Basin
CEO Lee Tillman commented: "In our newest basin, we continue to ramp up activity in the Northern Delaware with five wells to sales, including two very good Wolfcamp X-Y results in Eddy County. We have also transitioned to a dedicated frac crew and recently added a fourth rig."Q3 2017 Production (excluding Libya): Averaged 371,000 net boed, up 6% sequentially and above top end of guidance; 23,000 net boed from Libya
U.S. resource play production increased 12% sequentially, averaging 227,000 net boed; oil up 14% sequentiallyAs a result of strong production, Marathon is raising its production guidance for 2017
Q3 Operational Highlights
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