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Information current as of: Thursday September 9, 2010 11:40:18 AM CST
November 19, 2008

Marathon Oil Co. is offering its Bakken assets in the Yellowstone area of the Williston Basin in Montana via auction at EnergyNet.com.

The lot includes 100% working interest (81% net revenue interest) in 3,823 gross and net held-by-production acres with three operated horizontal producing wells in Elm Coulee and NE fields in Richland County. Net Bakken production is 143 barrels of oil and 108,000 cubic feet of gas per day. Average nine month cash flow is $363,000 per month. Upside includes 10,700 gross undeveloped acres (8,063 net).

The auction ends Dec. 18. Contact Chris Atherton, 832-654-6612.

For more news on A&D deals and On The Market listings, go to the new A&D Center at A-Dcenter.com! Have you voted? "Will 2009 total deal value exceed 2008?" Cast your vote at A-Dcenter.com.

Sincerely,
Steve Toon
Editor, A&D Watch

(This is not your regular issue of A&D Watch. See an update to this story in the next issue.)

Check out Steve's A&D Intelligence blog:
 http://www.A-Dcenter.com/

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