Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
  • Contact
No Result
View All Result
Energies Media
No Result
View All Result

Marathon Oil to Drive Break-even Prices as Low as $30/bbl in Bakken and Eagle Ford by Reducing Well Costs by 10 Percent in H2

by Energies Media Staff
August 11, 2020
in News, Oil and Gas News, Texas
Marathon Oil to drive break-even prices as low as $30/bbl in Bakken and Eagle Ford by reducing well costs by 10% in H2
Tungsten mega deposit

A Critical Mineral at a Critical Moment: The Importance of Restoring Domestic Tungsten Production in the U.S.

September 2, 2025
A Revolutionary Way to Understand Energy Customers

A Revolutionary Way to Understand Energy Customers

September 1, 2025

Following the release of Marathon Oil’s Q2 results; Andrew Folse, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “Marathon Oil’s net loss of US$750m in Q2 2020 was well anticipated due to the drop in oil prices and the current economic crisis that impacted domestic demand. However, despite the average realized price for US crude oil and condensate falling to US$ 21.65 per barrel – representing a 63 percent decrease from a year prior – the company upholds an optimistic outlook and is expected to be able to improve cost efficiency by reducing well costs and maintaining well productivity.

“Marathon Oil’s Bakken acreage is the company’s most promising, with high productivity and low well cost. If Marathon Oil is able to drive well costs below US$450 per lateral foot, and maintain oil productivity above 30 days initial production (IP-30) of 1,500 barrel of oil per day (bopd), the company will very likely be able to average breakeven oil prices well below US$30/bbl in Bakken.

“As for its Eagle Ford acreage, if Marathon Oil is able to drive well costs below US$750 per lateral foot – while maintaining oil productivity above IP-30 of 970bopd – the company will be able to average a breakeven price below US$35/bbl.

InventU

“With a competitive breakeven oil price, Marathon Oil is confident in taking on an unhedged risk going into 2021 to maximize on potential gains if commodity prices were to recover from the current level. However, this poses a huge threat to the company as the economic crisis is yet to be over and industry volatility persists. However, Marathon Oil is backed by a strong liquidity profile, with a US$522m cash balance in Q2 2020 and US$3bn in its undrawn credit facility. The company has US$5.5bn in long-term debt value with US$1bn maturing in the second half of 2022.”

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Europe Nuclear Energy & SMR Conference (ENES2025)
    July 31, 2025
    Europe Nuclear Energy & SMR Conference (ENES2025)
TAMU

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


ENERGIES Cartoon (Summer 2025)


Energies Media Interactive Crossword Puzzle – Summer 2025


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Meeting Emergency Preparedness and Response Criteria


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


Bringing Safety Forward in Offshore Operations


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Why Energy Companies Need a CX Revolution


Moving Energy Across Space and Time


Letter from the Managing Editor (Summer 2025)

InventU
InventU
  • Terms
  • Privacy

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • 3 Ways Technology is Going to Shape the Oil and Gas Industry
  • About Us
  • Advanced Technologies in Renewable Energy
  • Advertise
  • Cartoons
  • Case Studies in the Digital Transformation of Renewable Energy
  • Contact
  • Contributors
  • Digital Transformation Framework for Oil and Gas Operations
  • Digitalization and Smart Technologies in Oil and Gas
  • Digitalization and Smart Technologies in Renewable Energy Operations
  • Energies Digital Magazine
  • Energies Media
  • Energies Media Digital Magazine
  • Energies Media Magazine
  • Energies Media Magazine Archive
  • Energy Industry Events
  • Energy Markets Dashboard
  • Future Trends in Renewable Energy Technology
  • How Real-life Data Guides the Agility of Oil and Gas Companies
  • Navigating Careers in Oil and Gas
  • Navigating Careers in Renewable Energy
  • Newsletter
  • Oil & Gas Prices
  • Oilman Digital Magazine
  • Oilwoman Digital Magazine
  • Organizer Dashboard
    • Event Organizers
    • Submit Organizer Form
  • Press Releases
  • Prices & Marketcap
  • Privacy Policy
  • Puzzles
  • Quizes
  • Subscribe
  • Subscription Account
    • Access Restricted
    • Log In
    • Subscription Billing
    • Subscription Cancel
    • Subscription Checkout
    • Subscription Confirmation
    • Subscription Invoice
    • Subscription Levels
    • Your Profile
  • Team
  • Terms of Service
  • US Energy Media Kit
  • Venue Dashboard
    • Event Venues
    • Submit Venue Form
  • Webinars
  • Your Complete Guide to Essential Oil & Gas Industry Software

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.