Basin-LeadingResults肯,North Dakota

About the Play巴肯

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 Activity4Q 2018

Our production in the Bakken in North Dakota averaged 94,000 net boed in 4Q,up 37% from the year-ago quarter.Oil production was up over 40% from the year-ago quarter. We brought 27 gross Company-operated wells to sales with an average 30-day initial production (IP) rate of 3,335 boed (76% oil),with activity primarily concentrated in Myrmidon.The team also conducted a successful core extension test in the Ajax area of Dunn County,as the four-well Gloria pad achieved an average 30-day IP rate of 2,370 boed (81% oil) at an average completed well cost of approx.$5 million.

94,000 Net BOED average production in 4Q 2018

27 gross Company-operated wells to sales in 4Q 2018

average 30-day initial production rates of 3,335 boed (76% oil) in 4q 2018

returns,free cash flow,oil growth

85 - 95

Expected gross operated wells to sales in 2019

90% Myrmidon and core hector

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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.

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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.

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Timelapse videodrilling a well

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

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