Marathon – 16-20 Eagle Ford Wells Coming Online Each Month

Marathon Added More Than 1,000 boe/d of Production Per Week in April

Marathon Oil is increasing its pace of development in the Eagle Ford. The company currently has 18 rigs running and announced plans to add 2 more in short order. With four dedicated frac crews, the company expects to complete 16 to 20 wells per month going forward.

Spud-to-spud drill times have fallen to 25 days per well. With additional declines in drill time possible, it’s not far stretch to believe the company will be bringing 20+ wells online per month by the end of the year.

Production will follow in step. The company brought on over 1,000 boe/d per week in April and will potentially eclipse 50,000 boe/d of production by the end of the year. That’s almost triple rates from mid-year 2011.

Marathon has been one of the most active companies in the Eagle Ford since its $3.5 billion acquisition of Hilcorp Resource’s acreage in mid-2011. The company has continued to add to holdings.  In early May, Marathon announced a $750 million acquisition of Paloma Partners II’s Eagle Ford acreage.

The company also expects to spend over $200 million on midstream and pipeline infrastructure in 2012.

Read more at our  Marathon Oil Eagle Ford page

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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

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