EOG is continuing to add more liquid assets to their extensive production portfolio and to facilitate this they have increased horizontal activity in their Barnett Shale Combo Play. The section of the Barnett Shale play that EOG categorizes as “Combo” is in Montague and Cooke Counties and has a mix of gas and NGLs. In the Company’s latest investor presentation they show the following map and what was previously designated as a vertical well drilling area is now shifting to a horizontal well area.
This shift is based on some good results of horizontal test wells in their eastern combo acreage in the thicker part of the play. Previously they estimated 120 vertical wells and 126 horizontal in the Barnett Combo in 2010 and now they expect to drill 200 horizontals and 34 verticals. They have also recently completed the Richardson #3H horizontal well in the newly categorized area. The well began producing 325 Bo/d but is still cleaning up after the frac treatment. EOG holds a 92% working interest in the well.
EOG is ramping up their drilling program in the Barnett Combo increasing from a 9-rig drilling program to 14 rigs and with 150,000 net core acres they have a great position in the play. They recently reported results of 3 Montague County wells, the King #1H with an IP of 761 Boe/d, the Olden B #1H with an IP of 606 Boe/d, and the Alamo B #6H that IPed at 500 Bo/d.
To learn more visit the EOG Operator Folder in the Unconventional Updates in DI’s DNA.
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