Marathon Oil is the newest Delaware Basin operator, entering the play last week via a $1.1 billion buy of 70,000 net acres from BC Operating including 51,500 acres in the northern part of the sub-basin. CEO Lee Tillman said the region would complete with the company’s Bakken and STACK/SCOOP assets for capital. One rig is currently running on the acreage, but Marathon will add a second mid-year. The company estimates up to 10 target......
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