Marathon Oil to drill 25 more wells in north Wyo

By The AP
Tuesday, March 9, 2010

CODY — Marathon Oil is expanding its operations in northern Wyoming after two years of not drilling any new wells.

Bob Whisonant of Marathon Oil says while most of the easily reached oil in the area has been found since it was discovered in 1912, Marathon plans to drill more wells this year.

The company will add about a dozen new workers this year at its Cody offices and expects to drill new wells across the Bighorn Basin, including in Grass Creek, Spring Creek, the Oregon Basin east of Cody and around Byron and Garland.

Though oil prices are far from their peak before the recession, they remain high enough that the company makes a good return on its efforts in the region.