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STS - Marathon increases productivity, lowers Eagle Ford costs - February 13, 2020

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During 2019, Marathon Oil achieved record productivity and lower well costs in the Eagle Ford. Initial 180-day oil productivity was up 8% compared to 2018 and IP30 oil rates were the highest in company history during Q3 and Q4. With laterals averaging 6,400 ft, Q4 completed well costs came to $5.1 million or ~$800/ft, which was down 8% versus 2018. Marathon brought online 29 operated wells during Q4 in Karnes, Atascosa and Gonzales counties,......
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