Marathon Boosts Production From Bakken

May 2012, Vol. 239 No. 5

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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