SEA 0.00% 16.5¢ sundance energy australia limited

Gonzalez is the sweet spot ....EOG's best Eagle Ford well to...

  1. 558 Posts.
    Gonzalez is the sweet spot ....EOG's best Eagle Ford well to date is the Burrow Unit #2H, which had an initial
    production rate of 6,330 barrels of oil per day (Bopd) with 713 barrels per day
    (Bpd) of natural gas liquids (NGLs) and 4.1 million cubic feet per day (MMcfd)
    of natural gas. Offsetting the Burrow Unit #2H, the Burrow Unit #1H was
    completed to sales at a maximum rate of 5,424 Bopd with 600 Bpd of NGLs and 3.5
    MMcfd of natural gas. Two other prolific wells, the Boothe Unit #1H and #2H,
    began initial production at 5,380 and 3,810 Bopd with 625 and 525 Bpd of NGLs
    and 3.6 and 3.0 MMcfd of natural gas, respectively. EOG has 100 percent working
    interest in these Gonzales County wells.



    In McMullen County, southwest of EOG's Gonzales County sweet spot, the Naylor
    Jones Unit 59 East #1H and West #4H had initial peak production rates of 1,670
    and 1,150 Bopd with 225 and 138 Bpd of NGLs and 1.3 and 0.8 MMcfd of natural
    gas, respectively. EOG has 100 percent working interest in these wells that were
    completed in early January 2013.

    "The Eagle Ford's potential reserves of 2.2 billion barrels of oil equivalent
    represent the largest domestic crude oil find net to one company in 40 years.
    Not only is 600 million net barrels a meaningful increase, this onshore U.S. oil
    field is readily accessible to premium markets," Papa said. "With both the
    technical acumen and high-quality assets, EOG is at the forefront in developing
    this world-class shale oil resource."
 
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