Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2019
Operator to Drill & Complete 335 Wells in 2019: Permian, STACK, Eagle Ford, Bakken
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Marathon Oil annouced its 2019 development program, which consists of the bulk of the operations focused on the Eagle Ford.
The company expects U.S. oil growth of 12% in 2019 with annual gross operated wells to sales flat to 2018
More than 95% of $2.4 billion development capital budget allocated to the four U.S. resource plays with approx. 60% to the Eagle Ford and Bakken and approx. 40% to Oklahoma and the Northern Delaware Wells to Sales/ Wells Fraced Even though activity will remain flat, you can see that the company is actually reducing completion activity in the Eagle Ford by -19% and is increasing activity in the Bakken and Oklahoma STACK/SCOOP by +22%. Drilling ActivityThe company is currently operating 16 rigs across all 4 operating areas:
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