EOG’s Eagle Ford Shale Investment Paying Off

EOG is reaping the benefits from being an early mover in the Eagle Ford Shale. The company was able to build an over 500,000 acre position for $450 per acre, while industry deals are now trading above $20,000 per acre. After assembling its acreage position, EOG drilling operations commenced and the company has gone for 0 to 23,000 barrels of oil per day in just 18 months.

The company did a recent interview on its Shale Oil operation with CNN and you get a taste for how early the company began moving into liquids plays. [Read more…]