I see this was commented on earlier. This was from a rns on EME yesterday:
Marathon's spud to total depth cycle times averaged 12 days during Q1 2015. Empyrean notes that Marathon has achieved cycle times as low as seven days using its most efficient rigs within its greater Eagle Ford acreage. Marathon has also announced its intention to reduce its rig count within its Eagle Ford acreage during the second half of 2015, which may have a bearing on the rate of development within Sugarloaf.
EME has 3% of most of Marathon's wells in the sweet spot of the Eagle Ford Shale and if they are reducing rigs in the future, what hope for the run of the mill acreage? Add to that the revelation that the US inventories are "estimates" rather than factual data and may have been overstated by as much as 1.7m bopd and it is interesting where PoO may go over the summer.
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