Marathon Oil's Bakken Drilling Speed Improves 10% In The Second Quarter

Marathon Oil Bakken Map
Marathon Oil Bakken Map

Marathon Oil averaged 25 days from spud to spud in the first quarter and that time improved to 22 days in the second quarter. The company's spud to total depth for each well fell to 15 days.

Marathon hit total depth on 22 wells and brought 16 wells to production. That compares to 18 wells drilled and 22 wells brought to production in the first quarter.

The company's Bakken production grew 5% from 37,000 boe/d to 39,000 boe/d in the second quarter.

Marathon Oil’s Bakken production averages approximately 90 percent crude oil, 5 percent NGLs and 5 percent natural gas.

The company noted average realized prices in the Bakken of:

  • 88.65/bbl of oil
  • $35.92/bbl of NGLs
  • $4.47/mcf of gas sold

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