Marathon Oil Often Leads In Cost Progress
Marathon Oil(MRO) seekingalpha.com·2024-05-19 23:26
bjdlzx Marathon Oil (NYSE:MRO) is a company that has a known reputation as an operator. In the first quarter report, they burnished that reputation some more with the following announcement: Brought online 12 three-mile wells during first quarter, delivered at a total per foot well cost more than 20% below comparable two-mile lateral wells; first three-mile Permian pad achieved an average per well 30-day IP rate of over 5,000 net BOED. Not only did management reduce the per foot costs, but they also appear ...