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Marathon Oil Co
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Howard Weil Energy Conference
| Clarence P. Cazalot Jr. | Page 18 of 11 |
March 28, 2024
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"Howard Weil Energy Conference"
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Bakken BakkenShale Shale Bakken Shale SummaryNet acres391,000 Projected Well StatsEUR280-500 MBOE AverageMRO-op WI81% Average OBO WI17% Potential locations450 30-Day IP250-600BOED Well &facility costs$6-$7 MM Operatingcost (FLC)$5-$6/BOE Resource potential 190 MMBOE Averagewell spacing420 ?640 acres Totaldiscount to WTI$6-$8 / BBL Net developmentcosts$15-$20/BOE 13 22MRO BakkenAverage Annual Net Production (MBOED) 6 10 13 2008200920102013E Exited 2010 with ~15,000 BOED Net Production18