Wednesday, December 11, 2013

Marathon to Increase Bakken Rig Activity by 20%

In an investors' update provided today, Marathon Oil Corporation announced that it plans to increase its rig activity in the Bakken play by 20% in 2014. The company plans to spend just over $1 billion in the Bakken shale in North Dakota with plans to drill 80-90 net wells and to recomplete 20-24 existing net wells. The company plans to place major emphasis on the Eagle Ford play in south Texas where $2.3 billion is allocated to support plans for drilling 250-260 net wells in 2014. More

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