Growing in A
New PlayNorthern Delaware, New Mexico

About the PlayPermian

The Northern Delaware basin, which is located within the greater Permian area, has been drawing a lot of attention and for good reason. The geology with 5,000 feet of oil-rich stacked pay creates outstanding well economics. We closed on our two acquisitions in May and June of 2017, giving us a strong foundational footprint in the region where we've begun developing the Wolfcamp and Bone Spring plays.

"While we expect to pursue additional trades and grassroots leasing, this bolt-on achieves the scale necessary for efficient long-term development in the basin," said CEO Lee Tillman in March 2017 following the announcement of the acquisition of Black Mountain assets. The acreage is estimated to hold approximately 1.45 billion BOE of total resource potential.

 

Latest Activity2Q 2018

Our Northern Delaware production averaged 17,000 net boed in 2Q 2018. We brought 13 gross Company-operated wells to sales in the Malaga area in Eddy County, a mix of development and appraisal wells with an average 30-day initial production rate of 1,130 boed (61% oil). Drilling efficiencies enabled us to reduce our rig count from five to four in the second quarter, without changing our full-year guidance of 50 to 55 gross operated wells to sales. In June, we executed an agreement with San Mateo for water gathering and disposal in Eddy County, which will significantly reduce unit production costs. 

Regional Office: Carlsbad, NM

17,000 Net BOED in 2Q 2018

50-55

expected gross operated wells to sales in 2018

>75%

Pad drilling

Explore More

A return to New Mexico
Northern Delaware

CEO Lee Tillman was an invited keynote at the 2017 New Mexico Oil & Gas Association's Annual Conference. Read his remarks about the Company's entry into the Northern Delaware.

Explore

Marathon Oil hydraulic fracturing facility

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.

Explore

Timelapse videodrilling a well

Watch the complete drilling and fracking of an Eagle Ford well in less than 2 minutes.

Watch Video

VideoLicense to Operate

We earn our license to operate every day. Being responsible, safe and ethical - that's non-negotiable.

Watch Video

Read about our business strategy and company values

Explore

See how Marathon Oil works with local communities

Explore

Our annual sustainability report reviews social, environmental & safety performance

Explore

Check out current career opportunities at Marathon Oil

Explore