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Marathon Oil expands northern Delaware acreage position
Marathon Oil struck a $1.12 million deal to acquire 70 acres in Eddy County, New Mexico, within the northern Delaware Basin from Tulsa-based NBI Properties. As of Q3, Marathon had 90,000 net acres in the northern Delaware, where production averaged 21,000 boe/d, 24% higher than 2Q18. The company brought 18 wells to sales, with an average 30-day rate of 1,285 boe/d (65% oil). Marathon’s largest acreage position is in Oklahoma’s STACK/SCOOP play, where it......
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