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BS - Marathon Q1 Bakken completions outperform peers by 40% - May 21, 2019
Marathon Oil focused its Q1 Williston Basin completion program on the Myrmidon area in McKenzie and Mountrail counties, North Dakota. A total of 29 wells were turned to sales during the quarter with initial 30-day rates averaging 2,500 boe/d (77% oil), which is 40% higher than the peer-group average. Completed well costs were down more than 25% YOY at $5.1 million, and payout is expected in around six months. “We don't drive our teams to focus on flashy IP24s or......
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