EOG’s hot new phrase is “Barnett Combo” which is the term they use when describing their natural gas AND oil producing play in the northern part of the Barnett Shale with the core area being primarily in Montague and Cooke Counties. Mark Papa, EOG’s Chairman and CEO, describes their horizontal combo wells in their Montague Co. Combo Play as yielding on a value basis; one third crude oil, one third NGLs and one third gas. They have been at the fore front of Barnett Shale oil and have no intentions of slowing down. In their latest earnings call, Papa stated that they plan on drilling 120 vertical and 126 horizontal Combo wells in 2010 with a 12 rig program. Their focus now is on optimizing well spacing and improving reserve recoveries.
EOG’s Barnett Combo play is located in the northern part of the Barnett Shale as seen in the following slide from EOG’s Investor Presentation that is currently posted in the Geology folder of the Barnett Shale Play Project.
Using the DI Barnett Shale Play Pipeline search we can see 6-month cums for the recently producing wells operated by EOG in the Barnett Shale reservoir.
More information about EOG’s Barnett Combo play and other Barnett Shale related activity can be found in the DI Barnett Shale Play Project.
Anne Leonard
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