May 2012, Vol. 239 No. 5
Projects
Marathon Boosts Production From Bakken
Marathon Oil Corp. is raising its production forecasts for its North Dakota’s Bakken Shale operations. It expects production in the Bakken to average 27,500 boe/d this year, up from 24,000 bbls in December.
The independent oil and gas producer expects output in the area to average 38,000 boe/d by 2016, up 15% from its previous estimate of 33,000 bbls.
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