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    Economic Development Partners

    Economic Development Partners

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    4. Marathon Oil

    Marathon Oil

    Business Category: Oil and Gas, Producer, Our Members

    Marathon Oil Logo
    4111 S Tidwell Rd
    Carlsbad, NM 88220
    US

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    (575) 297.0950

    https://www.marathonoil.com/

    ABOUT THE PLAY

    PERMIAN

    The Northern Delaware basin, which is located within the greater Permian area, has been drawing a lot of attention and for good reason. The geology with 5,000 feet of oil-rich stacked pay creates outstanding well economics. We closed on our two acquisitions in May and June of 2017, giving us a strong foundational footprint in the region where we've begun developing the Wolfcamp and Bone Spring plays.

    "While we expect to pursue additional trades and grassroots leasing, this bolt-on achieves the scale necessary for efficient long-term development in the basin," said CEO Lee Tillman in March 2017 following the announcement of the acquisition of Black Mountain assets. The acreage is estimated to hold approximately 1.45 billion BOE of total resource potential.

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    Carlsbad Department of Development Icon
    Carlsbad Department of Development 400-2 Cascades Ave. Suite 201 Carlsbad, NM 88220PH: (575) 887-6562 •FAX: (575) 885-0818
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