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BS - Marathon Oil Highlights - December 3, 2019



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In the Bakken, Marathon Oil is delivering impressive capital efficiency. Well costs have declined ~20% compared to the 2018 average to $4.9 million, and strong productivity continues as the company expands outside of its core. On the Hector extension in Dunn County, North Dakota, the four-well Herbert pad averaged initial 30-day rates of 1,720 boe/d (86% oil) per well in Q3. Located in the southern portion of the extension area, these wells cost ~$4.5......
 
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