EOG Increased Its Net Resource Potential in Bakken Plays
OREANDA-NEWS. EOG increased its net resource potential in the Bakken and Three Forks plays in the second quarter 2015 from approximately 400 million barrels of oil equivalent (MMBoe) to 1.0 billion barrels of oil equivalent (BnBoe) and grew total net drillable locations from 580 to 1,540.
Successful down-spacing and advances in completion technology have generated excellent well results and led to the expanded resource potential. As a result, EOG has decades of high-return drilling potential ready to be developed.
"Our team's outstanding technical and operational advances have enabled us to more than double prior estimates for our position in the Bakken and Three Forks," said Thomas. "EOG's Bakken and Three Forks assets along with the company's Eagle Ford and DelawareBasin positions continue to grow in both size and quality. With these premier assets, EOG is uniquely positioned for high-return growth in a low oil price environment."
In the second quarter 2015, the company continued to make well productivity gains. EOG completed an industry record Bakken well using enhanced high-density completion techniques. The Riverview 102-32H came on line producing 3,395 barrels of oil per day (Bopd) and 6.0 million cubic feet per day (MMcfd) of rich natural gas.
Комментарии