PayRock Acquisition – Marathon Oil Corp

Marathon Oil Corp · Jun 20, 2016 · 7 slides

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Slides

STACK: Expanding Quality and Scale June 20, 2016 1
PayRock Energy Acquisition Summary Material addition in STACK oil window with upside potential Competes at top of MROs organic portfolio Superior oil well performance Quality Low completed well costs from shallower depth Increases…
PayRock Overview Increased scale in high-margin oil window Pro-Forma KINGFISHER STACK acreage* STACK BLAINE 142,000 61,000 200,000 2P STACK Resource (MMBOE) 735 330 1.0 BBOE Gross Co-Op STACK locations 975 490 1,465 STACK…
STACK Meramec Oil Wells High value target competes for capital today Stratigraphic Column Murray 1-33H Yost 1607 1-8MH Deep River 30-1MH IP30: 1,243 BOED, 67% Oil IP30: 1,550 BOED, 64% Oil IP30: 956 BOED, 68% Oil 4,209 LL 4,937 LL…
Meramec Well Performance and Economics Superior well results in oil window Well Performance Oil SL Type Curve 125,000 (Normalized to 5,000 ft Lateral Length) INDUSTRY PAYROCK 790 BOED avg gross 30-day IP 100,000 Cumulative…
Active Portfolio Management Concentrating asset base to lower cost, higher margin resource plays 1.3B 1.3B sales announced or closed Non-Core Asset Sales East Texas, North Louisiana gas Achieved Gulf of Mexico mature production…
STACK: Expanding Quality and Scale Quality Value Meramec Oil Competes for Capital Today 2016 Activity Funded Within 1.4B Budget 60% to 80% IRR 11,800 / acre at 50 WTI adjusting for PDP Scale Upside 61,000 Net Surface Acres…