Topic: Marathon

New Well Highlights from Permian, Williston, and Eagle Ford

EOG in Permian (2019-01-21) and (2019-01-29)EOG Resources reported two completions in the Permian basin in Lea, New Mexico.The Ares 4 State #202 H was drilled to a measured depth of 14,905 ft in the upper bone spring formation. Drilled to a vertical depth of 9,920 ft with a 21 stage 4,985 ft lateral length, the Ares is an oil well and flowed 1,580 bbl of oil with a gas-oil ratio of 2958 Kcf/bbl.The Heartthrob 17 State #708H flowed 2,532 bbl of oil and 5,538 MMcf...

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New Well Highlights from Bone Spring, Haynesville, & Eagle Ford

EOG Resources fracs Bone Spring well in Permian (2018-10-13) EOG Resources completed an extended-lateral well in Lea County, New Mexico.The Dragon 36 State #302H flowed 11,180 bbl of oil and 1,638 MMcf of gas, producing x monthly boe. It was drilled to a vertical depth of 10,257 ft with a measured depth of 15,200 ft. EOG Resources reported flowing tubing pressures of 411 PSI, a 1 inch choke size and a gas-oil ratio of 147 Mcf/bbl. Sabine Oil and Gas Completes 2-mile...

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Marathon Unveils $2.2 Billion 2017 Capital Program

On February 15, 2017, Marathon Oil Corporation (NYSE: MRO) announced results from Q4 and FY 2016 and unveiled a 2017 capital program of $2.2 billion, with over 90 percent allocated to its high-return U.S. resource plays. Oklahoma Led Production in the Fourth Quarter On the operations side, Marathon’s production averaged 341,000 BOED in Q4 2016, with assets in the Oklahoma Resource Basins reporting a production increase of 60% over Q4 2015. E&P production costs for North America were down more than 30%...

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Newfield Exploration Leads Kingfisher County in 2016 with 10,000 Foot Laterals

Kingfisher county, located in the STACK, is among the most active counties in Oklahoma having 163 new completions since the start of 2016. Within the last year some of the most active operators have been Alta Mesa Holdings, Newfield Exploration and Chesapeake Energy. Alta Mesa has completed 46 wells and fracked 57 wells compared to Newfield who had 36 completions and fracking 44 wells. The county used a total of 770,000 tons of raw sand with 230 tons of resin...

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EOG Resources, Marathon, and Statoil Dominate Karnes County in Eagle Ford Shale

Karnes county, located in the Eagle Ford, just southeast of San Antonio is the most active county in the play. In this core acreage there are 8 rigs running operated by H&P, Nabors and Patterson-UTI. All of these rigs are drilling horizontal wells for Marathon, EOG Resources, Statoil and Encana. The map below shows the activity in the past month in the county, with the blue pines being permits and the green being completions.Permit Activity Remains Steady in 2016 Permit activity...

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Grady County (OK): Spotty Completion Activity with Permitting Holding Steady

Oklahoma currently holds the second largest concentration of rigs in the U.S. according to the BHI Land Rig Count. So where is the activity coming from? Grady county in the SCOOP has 14 completions since the start of the year. Permitting has fallen since commodity prices to a dive but they have recently leveled off going into 2016.  Drilling Activity Doesn't Equate to Well Completions In he first four months of 2016 there have been under 100 completions compared to over 750 during the...

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A Look into Dunn County (ND): Permitting Drops to Zero and C&J Gains Market Share

Drilling deeper into activity in North Dakota we take a look at how Dunn county has tolerated the oil price slump. Operators like ConocoPhillips (NYSE: COP), Marathon (NYSE: MRO), HRC Operating, and ExxonMobil (NYSE: XOM) are still active. Since the start of the year, there have been few completions with 9 in January and only one in February.Permitting Tumbles to Zero Permit activity has slowed from a peak of 51 permits in October of 2014 to most recently 16 in the...

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