Houston-based Marathon Oil said recently it turned eight wells to sales during second quarter of 2023 in Permian Basin, which featured the company’s “best-ever drilling performance.” Mike Henderson, executive vice president, said during a 2Q earnings call Aug. 3 that Marathon’s Permian drilling in 2Q also produced its best completion efficiency. Marathon’s production in Permian averaged 40,000 boed, including 21,000 b/d of oil.
During 2Q Marathon drilled more than 25 percent more footage daily than in 2022, and the company consistently pumped more than 18 hours per day on its 2023 pads.
Marathon’s original 2023 guidance remains unchanged, and its capital spending guidance of $1.9 billion to $2.0 billion also is unchanged. Marathon has U.S. assets in Permian Basin and Eagle Ford in Texas, Bakken in North Dakota, and STACK and SCOOP in Oklahoma.