Tuesday, August 10, 2010

EOG Resources, Inc. (EOG): Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

August, 2010: EOG Resources announced an aggressive look to the future for drilling wells in the Eagle Ford Shale:

To date, we drilled and completed 31 wells in the Eagle Ford. We currently have 25 wells waiting on completion, which will contribute to the second half oil growth this year. We're currently running five rigs and we'll ramp up to 12 by year end.

One measure of the intensity of our future Eagle Ford development is that we plan to drill 245 gross wells in 2011 compared to 111 wells this year.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visiit: http://daytradingstockblog.blogspot.com