Citing Many Obstacles, Marathon Cutting Cook Inlet NatGas Drilling

摘要

Citing economic uncertainty and a failure to secure a long-term contract with a regional utility, Marathon Oil reports it will cut its natural gas drilling program in the Cook Inlet basin in half.One of the largest players in the gas development in Cook Inlet, Marathon will only drill four to five wells in the basin this year, according to Carrie Lockhart, Alaska production manager for the company. The company drilled nine wells in 2008 and in previous years, has averaged between eight and 12.