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MCS - Marathon Oil Highlights - May 20, 2020
During Q1, Marathon Oil produced 74,000 boe/d (28% oil) in Oklahoma, down 10% sequentially but up 17% YOY, and brought 13 operated wells online. The company began the year running three rigs and one frac crew in the state but suspended all activity from March through YE20. Commenting on future capital allocation, CEO Lee Tillman said, “As we look forward into a more normalized environment and, certainly if we see, as we see the......
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