EOG Resources Increases Eagle Ford Resource Potential by 1 Billion BOE in 2013

EOG Plans on Drilling 520 Net Eagle Ford Wells in 2014
EOG Resources Eagle Ford Acreage Map

EOG Resources Eagle Ford Acreage Map | Click to Enlarge

EOG Resource’s Eagle Ford resource potential went up 45% to 3.2 billion boe from 2.2 billion boe in 2013.

In 2014, EOG will be focusing a large portion of its $8.1 – $8.3 billion capital budget in the Eagle Ford Shale. This decision comes on the heels of increased well productivity and initial production rates in the play in 2013.

The company has plans to drill 520 net wells across its Eagle Ford acreage. At that rate, the company has a drilling inventory in the Eagle Ford of more than 12 years.

Read more: EOG Resources Western Eagle Ford Acreage Looks Better & BetterĀ 

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Comstock Resource’s Average Eagle Ford IP is 565 boe/d in 2012

29 wells have been completed under the restricted choke program showing only 33% decline from day 1 to 90-day average
Comstock Resource Eagle Ford Map

Comstock Resources Map | Click to Enlarge

Comstock Resources Eagle Ford wells have come online at an average of 565 boe/d in the first half of 2012. The Donnell C #1H, the Carlson C #1H and the Hubberd #3 H in McMullen County were the best wells brought to production in the second quarter of 2012 and produced 938, 862 and 793 BOE per day, respectively.

The company’s restricted choke program continues to prove it is beneficial. 29 wells have been producing more than 90 days under the restricted choke program and yielded average production rates of 679 boe/d IPs, 524 boe/d in the first 30 days, and 453 boe/d in the first 90 days. That’s just a 33% decline in the initial 24-hour period and the average for the first 90 days.

Comstock estimates its has 277 potential drilling locations, with expected gross EURs of 500,000 boe per well yielding net resource potential of 78 million boe. The company operates a total of 35,000 gross (28,000 net) acres in the Eagle Ford and recently CRK & KKR signed an Eagle Ford JV Agreement.

Read the company’s full Q2 press release at comstockresources.com