EOG Resources Ups Liquids Forecast – Testing Further Downspacing

Production Rates on Tighter Spacing Indicate Better Completions

EOG Resources is gaining more confidence in the Eagle Ford and its other liquids plays. The company has increased its liquids growth projections for the entire company from 30% up to 33% in 2012.

Eagle Ford wells continue to exhibit improving recoveries as well flow rates hold up as the company drills at tighter spacing densities.

Our confidence level in the Eagle Ford is very high. Even after we implemented denser well spacing earlier this year, individual well performance remains remarkably strong. In fact, based on ongoing completion refinements, 30-day crude oil production rates from recent wells have increased, Papa said.

Production results and very strong 30-day flow rates from our Eagle Ford wells drilled on tighter spacing indicate we are effectively improving our completions.

Find individual well results and more comments at our EOG Resources Eagle Ford Shale page.

The following two tabs change content below.
R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Add a Comment