Basin-Leading ResultsBakken, North Dakota
About the PlayBakken
Oil was first discovered on Henry Bakken’s land in 1951, but it wasn’t until the past decade that technology advances turned the basin into one of the country’s largest oil production regions. With more than ten years of experience in the Bakken, we’re focused on the high-return Myrmidon area, building on the successes from our enhanced completion designs, as well as delineating our position in Hector.
We've been operating in North Dakota since 2006. Our acreage is located primarily within the established Williston Basin in Dunn, Hettinger, McKenzie, McLean, Mountrail, Slope and Williams counties in North Dakota.
Latest Activity3Q 2018
Our production in the Bakken in North Dakota averaged 85,000 net boed in 2Q, compared to 82,000 net boed in the prior quarter. We brought 21 gross Company-operated wells to sales in 3Q with average 30-day initial production (IP) rates of 3,460 boed (76% oil), with activity primarily concentrated in Myrmidon. In West Myrmidon, a six-well pad achieved an average 30-day IP rate of 4,745 boed (73% oil). Three of these wells established new Three Forks Williston Basin records. The Company also continues to extend the core of its acreage position, with the two-well Lars pad in southern Hector achieving an average 30-day IP rate of 1,810 boed (83% oil) and plans are on track to test the Ajax area before year-end. Marathon Oil is in full compliance with state gas capture requirements, and anticipates no impact to forward development plans.
SpeechWilliston Basin Petroleum Conf
One of the most important lessons we’ve taken from the Bakken, is to never be satisfied with what you think you knew yesterday.
Using Best PracticesHydraulic Fracturing
In combination with advanced horizontal drilling technology, fracking makes it possible to develop oil and gas resources that were previously inaccessible.