EOG’s Burrow Unit 5H Well Better Than First Reported

Eagle Ford Performance Driving Oil Production Growth
EOG Eagle Ford Oil Well Record Production

Recent EOG Eagle Ford oil well produces more than 7,500 barrels of oil in one day! | Click to Enlarge

We published details from the Texas RRC completion report related to EOG’s record Eagle Ford well, but the company’s second quarter operations update proved the well was better than first reported.

EOG reported the well came online at more than 9,200 boe/d. That compares favorably to the 8,600 boe/d that was reported to the commission. Better yet, the well was still producing more than 4,200 barrels of oil per day after 30 days. The well is easily the best in the Eagle Ford to date. [Read more…]

EOG Eagle Ford Well Produces 7,500 Barrels in 24 hours – Regional Record

Assuming a 75% Decline, The Well Will Eclipse 1 Million Barrels In Year 1
EOG Eagle Ford Oil Well Record Production

Recent EOG Eagle Ford oil well produces more than 7,500 barrels of oil in one day! | Click to Enlarge

EOG filed a completion report with the Texas Railroad Commission in May that detailed a well test that produced over 8,600 boe/d from the Eagle Ford.

In a 24-hour test, EOG operated well produced 7,513 barrels of oil and 6.8 mmcf of natural gas.

The well is located 15 miles south of Gonzales just east of 183 on the Gonzales – DeWitt county line. The well was drilled to a measured depth of 17,364 ft. The measured depth includes a horizontal lateral of a little more than 5,300 ft. [Read more…]

EOG Resources Adds Reserves & Reports Record Well

Eagle Ford Reserves Jump From 1.6 Billion BOE to 2.2 Billion BOE
EOG Resources South Texas Eagle Ford Map

EOG South Texas Eagle Ford Map | Click to Enlarge

EOG Resources added 305 net Eagle Ford wells in 2012, while running an average of 23 wells throughout the year. With improving well results and successful downspacing test, EOG has increased its estimate for recoverable reserves from 1.6 billion boe to 2.2 billion boe (38% increase). At current activity levels, that provides a twelve year drilling inventory.

[Read more…]

EOG Resources’ Monster Wells Are Getting Bigger

Largest Well to Date Produced Almost 4,600 Barrels in One Day
EOG Resources South Texas Eagle Ford Map

EOG South Texas Eagle Ford Map | Click to Enlarge

EOG Resources‘ monster Eagle Ford wells are getting bigger! The company brought one of its best producing wells to date in the third quarter of 2012. The Baker-DeForest Unit #4H tested at 4,598 b/d of oil and 4 mmcfd of rich natural gas at normal choke rates. At LLS oil prices, the well is yielding gross revenue of almost $500,000 per day! It doesn’t matter what the decline curve looks like. A well like this will potentially pay back in the first month of production. It’s a boon for mineral owners too. The well will pay between $50,000-$100,000 per day to royalty owners. You can read more about the company’s biggest well here: EOG Reports Record Eagle Ford Well.

In Gonzales County, the Baker-DeForest Unit #4H came on line at 4,598 barrels of oil per day (Bopd) with 488 barrels per day (Bpd) of natural gas liquids (NGLs) and 2.9 million cubic feet per day (MMcfd) of natural gas. The Baker-DeForest Unit #1H, #2H, #3H and #12H were turned to sales at initial rates ranging from 3,346 to 4,216 Bopd with 457 to 537 Bpd of NGLs and 2.7 to 3.2 MMcfd of natural gas. EOG has 100 percent working interest in these five Baker-DeForest wells.

EOG’s monster wells are are defined by the company as having initial production rates of 2,500-4,800 barrels of oil production per day plus natural gas and NGLs. The company completed 16 monster wells in the second quarter of 2012 and brought on 12 more in the third quarter. [Read more…]

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