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BS - Marathon Oil lowers Bakken costs, scores Hector extension - March 24, 2020



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Marathon Oil turned to sales 16 operated wells in North Dakota’s Myrmidon and Hector areas during Q4. Completed well costs averaged $5 million, down 18% compared to the 2018 average, and the recent four-well Bingo pad was completed for $4.3 million per well. Located in the Myrmidon area of Dunn County, the wells averaged initial 30-day rates of 3,160 boe/d (79% oil) each. Long-term production rates from appraisal wells at South Hector have validated......
 
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