An EOG Resources operated well in the Eagle Ford Shale of Texas has set a new regional record for oil production. The well produced an average of 7,513 barrels of oil per day along with 6.8 million cubic feet of natural gas. It's estimated that even with a 75% decline rate from the well it will produce more than a million barrels of oil this year. But, it's really just a drop in the bucket for a company that produced 153,000 barrels of oil equivalent per day out of the Eagle Ford last quarter.
SEA Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
