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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Marathon Oil to increase activity in Permian Basin in 2021Q3

September 2, 2021 by PBOG

Houston-based Marathon Oil will accelerate activity in Permian Basin and SCOOP/STACK in 2021Q3, according to Enverus. This quarter will be Marathon’s busiest with $340 million in capital expenses of fullyear $1 billion, including completion of multi-well pad at Marathon play on Texas side of the Delaware Basin. Enverus said average 2021 production will increase by 5,000 boed to 335,000-to-355,000 boed while keeping capex flat. 2021Q2 production of 348,000 boed (49 percent oil) was relatively flat with 2021Q1.

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