"Marathon Oil ended the year with 406,000 net acres in the Bakken Shale play in North Dakota. During December the Company achieved record average production of approximately 24,000 net boed, compared to 14,000 net boed in December 2010, more than a 70 percent increase," the company said.
"[Marathon's] Bakken production averages approximately 95 percent crude oil. As of Jan. 25, there were 19 gross operated wells awaiting completion. Marathon Oil has six drilling rigs, plus one rig dedicated to completions, and plans to add a seventh drilling rig in the second quarter of 2012."
Monday, February 20, 2012
Marathon Expects Big Returns from the Bakken, Eagle Ford -- Rig Zone
Link here to Rigzone.com.
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Marathon is also in involved in a development known as the Diomedes. The area of development is in the far Western ND and Sheridan County MT areas. Appears Marathon will be a major player in the migration Westward from ND to MT.
ReplyDeleteYes, I first noticed their Diomedes prospect in their February, 2011, corporate presentation.
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