Positioned for Profitable GrowthSTACK/SCOOP, Oklahoma
About the PlaySTACK/SCOOP
Oklahoma is a top priority for Marathon Oil, and there’s no doubt that the evolving STACK play in the Anadarko Basin is one of the best unconventional oil plays in the U.S. But our history in Oklahoma dates back for more than 100 years. More recently, we’ve been building a portfolio of high-return drilling opportunities that provide a platform for robust future growth here.
At year-end 2016, we held approximately 365,000 net surface acres in the Oklahoma Resource Basins. In the STACK and SCOOP areas, we’re in the Woodford, Springer, Meramec, Osage, Oswego, Granite Wash and other Pennsylvanian and Mississippian plays.
Latest Activity3Q 2017
Our unconventional Oklahoma production averaged 58,000 net boed during 3Q 2017. That’s up 18% over 2Q 2017, and more than 40% higher than a year ago. We brought 15 gross Company-operated wells to sales during the quarter predominately focused on leasehold capture and delineation activity. For the balance of the year we expect to bring 20-25 wells to sales, about 40% of which will be leasehold protection.
Understanding the IssueSeismicity
In late 2016, Oklahoma regulators issued new guidelines for oil and gas operators to manage risks of potential anomalous seismicity in the SCOOP/STACK area of the state.
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.
Challenging the Status QuoOklahoma
Process Engineer Sarah DuConge highlights how it takes teamwork, technology and good old-fashioned engineering to sustain base production.
Using data to take advantage of the linkage between innovation and operational excellence.