I am going to christen the Niobrara blog with an entry about EOG. The reasons being, a) they put out some pretty good Niobrara info during their Analyst Day back in April including information about the impressive Jake 2-01H well and b) because they have since been very active in filing for permits but this has not been very publicized from what I have seen.
We’ll start with the slide below from the Analyst Day detailing the EOG acreage position and potential hotspots in the area. The Silo field area has been producing for decades and may be a prime area for exploitiation using current horizontal fracture technology. The Jake 2-01H IPed to sales at 1,558 Bopd and cum’ed 50,000 BO in the first 90 days.
EOG did not release detailed economics or projections because they are still tuning their completion techiniques and it is just too early for that. I have seen a few operators quote about $3.5MM per well. EOG stated that there may be many core areas and that the Red Poll 10-16H had a max rate to sales of 1,100 BOPD, it was unstimulated. The well is near the Jake discovery well.
Next lets look at the Colorado and Wyoming EOG Niobrara permits filed this year. There are 43 in CO and 5 in WY.
We put together a Niobrara Unconventional Update available to all DI subscribers. We’ll put together some future Niobrara blog entries on the historical Niobrara fields and current operators, as well as highlighting trends when more information becomes public. In the meanwhile if there are any suggestions or comments for this blog, email me or post a comment. There are not many Niobrara blogs out there and we’re open to all suggestions for posts and anything else.
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