For investors: archived.
Notes: EOG puts their wells on confidential status after they have been drilled or later, so runs prior to confidentiality can be found. I have not verified this, but it explains a lot. It appears that Oasis does something similar: one can find well files for Oasis wells before they have been completed.
Notes: EOG puts their wells on confidential status after they have been drilled or later, so runs prior to confidentiality can be found. I have not verified this, but it explains a lot. It appears that Oasis does something similar: one can find well files for Oasis wells before they have been completed.
NEWS
March 25, 2013: EOG, ZaZa, and the Eaglebine.
March 18, 2013: the most promising energy stock. -- SeekingAlpha.
March 6, 2013: new completion design for EOG -- Mike Filloon.
January 17, 2013: Takeover talk. Papa retires soon. CVX might be interested. Statoil in the running.
November 29, 2012: Mike Filloon update, at SeekingAlpha.com.
October 18, 2012: EOG -- long-term holding; SeekingAlpha.com.
October 13, 2012: why Motley Fool likes EOG.
January 14, 2011: Finally, an outstanding EOG well; a long lateral in the Van Hook field -- #18365, 1,379, Liberty 8-01H.
December 25, 2010:: not hitting on all cylinders.
August 6, 2010: Despite poor IPs in the Clear Water, EOG continues to work this field. It was granted two more permits in the Clear Water. The two wells will be placed on the same pad.
May 18, 2010, press release: EOG to acquire an LNG company in Canada.
April 24, 2010: Someone really likes EOG. I agree. Good call.
April 7, 2010: EOG's Bakken proven reserves up 5-fold in 2009 due to better technology. This is a huge story, folks.
February 17, 2010: Another big oil find for EOG? This time in Colorado.
February 1, 2010: I still don't have clear understanding of EOG's wells that have a series number "100" in them, such as "Parshall 100-22H." Some have suggested the "100" means it is targeting the TFS. Others not so sure.
January 4, 2010: EOG starts sending oil to Oklahoma via rail; ahead of schedule.
December 18, 2009: EOG looking at three wells / pad (multiple wells per pad).
December 11, 2009: in one month (October, 2009), EOG produced more than one-half million barrels of oil from Mountrail County.
December 5, 2009: EOG aggressively exploring Clear Water field
Relatively inactive field, until recentlyDecember 1, 2009: several news articles regarding EOG in the last couple of days
101 sections (compared to 163 sections in the Parshall field)
Of the 55 wells/permits, EOG has 48 wells/permits in this field (updated Feb 14, 2010)
Few producers reported so far; most mediocre; one 1,131 boepd IP
EOG will test train loading facilities in Stanley as early as December.November 25, 2009: EOG looking to drill 570 more wells in the Parshall oil field; asking permission to put three (3) horizontal wells (640-acre spacing) in each section (190 sections). Unless I'm missing something, this is absolutely incredible.
EOG will increase number of rigs from 5 to 14 in 2010; will drill more than 120 wells.
November 6, 2009: a nice thread from the Bakken Shale Discussion Group regarding EOG:
1. Core: 100,000 net acres in the Parshall oil fieldEOG's 3rd quarter, 2009, earnings transcript stated they estimated there was 9 million barrels of oil reserves in each section in their Bakken Core. If that's accurate, and if the 700,000 bbls recoverable as noted above is correct, EOG is expecting a recovery rate of about 7.8 percent, well up from the general estimate of 1 - 3 percent recoverable. If this holds, this has major implications for the original USGS assessment (2008). And remember, that USGS assessment only considered the Bakken-Three Forks Sanish formation, not the Logdgepole or the Birdbear and not with the new technology (horizontal drilling and multiple-stage fracturing).
2. Core: production -- about 700,000 bbls/section
3. Lite: 400,000 acres outside of the Parshall oil field
4. Bakken lite: production -- about 350,000 bbls/section
5. EOG-rail loading facility becomes operational in Feb, 2010
[Note: some oil producers opine that the Bakken and the Three Forks Sanish are two separate formations in some parts of the Williston Basin; the state does not differentiate / distinguish between the two formations. All permits to this formation state "Bakken" even if the producer is targeting the TFS. Update: In the daily activity report dated January 19, 2010, I did see the NDIC break out the Sanish from the Bakken.]
November 5, 2009: EOG plans for 2010 -- a) increase production by 50% in the Williston Basin; and, b) have 14 rigs in North Dakota.
Original Post
Parshall oil field: EOG "owns" the most prolific oil field in "the Bakken": the Parshall oil field. The discovery of the Parshall oil field is credited to Michael Johnson, the 2009 AAPG Explorer of the Year.
Clear Water oil field: EOG is aggressively going into the Clear Water oil field, northeast of the Parshall. This oil field is a bit smaller than the Parshall (101 vs 162 sections, respectively). In T158-90W, EOG was granted the first permit (17676 -- section 6) in early 2008. It has been drilled and the IP was reported as 1,131 barrels/day, a very good well. In late 2009 and early 2010 we saw aggressive permitting in the Clear Water, with EOG essentially owning the Clear Water oil field, as much as EOG "owns" the Parshall. January 24, 2010.
I just looked at T158-90W again (February 21, 2010): in just the past few weeks, this section has gotten very, very busy. Almost every section now has a permit or a well being drilled. Two wells are producing; one with an IP of 1,131, and one with an IP of 626. This looks like another incredible field for EOG. Right now there are five (5) rigs on site in this one township, and two wells are being completed (rigs have been moved off; probably being fracked or cleaned up.
EOG will nearly triple the number of rigs it has in the Bakken from 2009 to 2010. On March 14, 2010, EOG had 13 active rigs in North Dakota.
Number of EOG wells on the state's confidential list:
November 29, 2012: 28
January 17, 2011: 66
March 14, 2010: 39
February 5, 2010: 54
January 24, 2010: 60
December 11, 2009: 83
October 20, 2009: 79
