Marathon to drill two more wells in Eagle Ford's Sugar Loaf prospect

3/6/2013

Marathon to drill two more wells in Eagle Ford's Sugar Loaf prospect

LONDON -- Empyrean Energy said that Marathon Oil has informed its minority partners that at least two further wells have been added, at this early stage, to the drilling schedule for 2013 at the Sugarloaf project.

This brings the total number of wells currently expected to be drilled for 2013 to 30 wells. Marathon has advised that the two additional wells will be drilled into the Eagle Ford shale black oil window within the Sugarloaf AMI. The two additional wells have been included by Marathon to cater for at least one non-operating partner's desire to increase the number of wells to be drilled in the Sugarloaf AMI for 2013.

The 2013 drilling schedule may be subject to further revisions and change, depending upon the outcome of discussions and also may depend on commodity prices, in particular gas and natural gas liquids pricing in the U.S.

Dow Jones Newswires

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