John Deede | Shale Plays Media Google+
EOG Resources chairman and CEO Bill Thomas announced that the company plans to drill and complete 520 wells in the Eagle Ford shale this year. So far, in the first half of 2014, EOG has brought 260 wells online.
Jennifer Hiller on FuelFix.com notes from the call:
- EOG’s completed wells in the Eagle Ford cost around $5.7 million, up slightly because it’s drilling longer lateral reaches.
- It’s developing the Eagle Ford on 40-acre spacing. “That’s about 300 feet between wells on average. There are some wells where the well spacing is greater than 300 feet and we are doing a bit of infill field work…,” Thomas said.
EOG Resources is currently the largest owner of Eagle Ford acreage and has been active in the play since 2010. EOG played a big role in sparking interest in the Bakken shale by drilling the discovery well in the Parshall formation.
EOG is based in Houston Texas.
Read more here: EOG plans 520 Eagle Ford Shale wells this year