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Unconventional Yearbook 2018

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38 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS within the established Williston Basin in Dunn, Hettinger, McKenzie, McLean, Mountrail, Slope and Williams counties in North Dakota, and Rich- land, Roosevelt and Sheridan counties in Mon- tana. In second-quarter 2017, Marathon Oil's Bakken production averaged 49,000 net boe/d, compared to 48,000 net boe/d in the prior quarter, according to the company's second-quarter 2017 results press release. In June 2017 Marathon Oil acquired about 21,000 net surface acres in the Northern Delaware Basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million, excluding closing adjustments, according to a com- pany press release. "Combined with the acquisition from BC Operating, which closed May 1, Marathon Oil's total position in the Permian Basin is 91,000 net surface acres," the release stated. The company's Northern Delaware produc- tion averaged 4,000 net boe/d in second-quarter 2017, reflecting the May 1 closing of BC Operat- ing assets and June 1 closing of Black Mountain assets, according to the company's second-quarter 2017 report. In the Oklahoma resource basins Marathon Oil had about 365,000 net surface acres as of year-end 2016, which includes acreage acquired in August 2016 in the Stack Meramec play, according to the company's operations webpage. In the Scoop and Stack areas the company holds net acres with rights to the Woodford, Springer, Meramec, Osage, Oswego, Granite Wash and other Pennsylvanian and Mississippian plays. The company also has well-established production in Oklahoma from conventional operations in the Ammunition, Cement, Elk City, Huntley, Knox, Marlow, Rocky, Strong City, Watonga and Wheatland fields. The company's unconventional Oklahoma pro- duction increased 11% to 49,000 net boe/d during second-quarter 2017, compared to 44,000 net boe/d in the prior quarter and up more than 80% from second-quarter 2016, according to Marathon Oil's second-quarter 2017 results press release. In the Eagle Ford in South Texas Marathon Oil had about 145,000 net acres as of year-end 2016, according to the company's operations web- page. The company's acreage is located primarily within Atascosa, DeWitt, Frio, Gonzales and Karnes counties, with operated producing wells in the Eagle Ford, Austin Chalk and Pearsall formations. Marathon Oil's production in the Eagle Ford averaged 100,000 net boe/d in second-quarter 2017, up from 99,000 net boe/d in the prior quar- ter, according to the company's second-quarter 2017 results press release. Marathon Oil brought 41 gross company-operated wells to sales in the second quarter, compared to 47 wells to sales in the previous quarter. The top 10 wells to sales had 30-day IP rates averaging 2,340 boe/d (69% oil). During the second quarter a new company record was set again for the fastest well drilled in the Eagle Ford at a rate of more than 4,200 ft per day, accord- ing to the release. Mewbourne Oil Co. ■ Rated the No. 2 company in liquids production ■ No. 5 producer by overall barrels of oil equivalent Mewbourne Oil Co., an independent oil and nat- ural gas producer in the Anadarko and Permian basins of Texas, Oklahoma and New Mexico, oper- ates more than 2,100 wells, according to Mew- bourne's website. According to 2017 production data for U.S.- based private E&P companies, Mewbourne is one of the top 10 liquids producers, sits at the No. 2 seat in liquids production and is the No. 5 producer by overall barrels of oil equivalent, according to industry analysts. Mewbourne also ranks as the 15th largest opera- tor by volume across the Permian Basin, according to a March 2017 report by Seeking Alpha. In July 2017 IHS reported that Mewbourne com- pleted two offsetting horizontal Wolfcamp gas wells in New Mexico's Purple Sage Field. The 1H Loving Townsite "21" W2PA Fee was tested flowing 2.7 MMcf of gas, 262 bbl of 55.6-degree condensate and 2,820 bbl of water per day after a 29-stage fracture-treat- ment. The company's 2H Loving Townsite "21" WOPA Fee was tested for 716 Mcf of gas, 217 bbl of condensate and 3,374 bbl of water per day from per-

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