Executive Q&A: Marathon Oil’s Bakken Sweet Spot

Marathon Oil Corp. has been operating in the Bakken Shale for over a decade and, in that time, has successfully navigated several cycles in the basin since the start of the shale boom.

“We have a continual improvement mindset within the team, both in the Bakken and really across the organization, and that has helped us navigate through the highs and lows of the business,” said Martin Stuart, vice president of operations with responsibility for Marathon Oil’s Bakken business, during Hart Energy’s recently held DUG Bakken and Rockies virtual conference.

Marathon Oil’s entry into the Bakken in 2006 was the U.S. independent E&P company’s first foray into shale, according to Stuart. Since then, the company has produced over 100 million barrels of oil in the region “and counting.”