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PS - Marathon reveals Woodford/Meramec oil play in Delaware Basin - November 13, 2019



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In its Q3 earning release, Marathon Oil announced that it has established a new oil play in the Texas portion of the Delaware basin. The company said it put together a position exceeding 60,000 net acres in Ward County at a low entry cost of $2,400/acre. The acreage is prospective for the Woodford and Meramec shales, with the Woodford over 350 ft thick and 700 ft of separation between the zones. Both targets are......
 
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