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Marathon Touts Record IPs in the Bakken; STACK Infill Pilot Results; Gets Oilier QOQ
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Marathon Oil reported its Q3 2018 results.
Production Flat from 2Q18; Oil Output Shows Increase- Q3 production averaged 419,000 net boed, above the high end of guidance (this is flat from 2Q18 and up +6% YOY)
Total oil production averaged 204,000 net bopd, up 3% compared to the prior quarter on a divestiture adjusted basis Raised both 2018 total Company and resource play oil and boe annual production guidance with no change to 2018 development capital budget U.S. resource play third quarter production averaged 294,000 net boed, above the high end of guidance; oil production averaged 168,000 net bopd, up 4% compared to the prior quarter Bakken - Touts Record Well 4,745 BOEPD IP30s at W. MyrmidonIn West Myrmidon during third quarter, a six well pad achieved an average 30-day IP rate…
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