Tuesday, August 10, 2010

Tarrant County, TX: Barnett Shale

EOG Resources Inc. (EOG) released an update on the Barnett Shale:

August, 2010: In the Barnett Combo play, we're operating 14 rigs and our typical horizontal results are characterized by the Murray #1H well, which tested at 452 barrels of oil per day, with 2 million cubic feet of rich gas, and the Break 2H, which tested at 528 barrels of oil per day with 2 million cubic feet of rich gas. The King #1H and Olden B#1H wells were outlined in the press release and tested at 344 with 2.5 million cubic feet of gas, and 323 barrels of oil per day with 1.7 million cubic feet of gas. The Alamo B#6H well is still cleaning up and is producing 500 barrels of oil per day.

Returning to our natural gas assets, we're continuing to have good results in the Barnett gas window. We're running two rigs in the Barnett gas area and recently completed six more unit wells in Tarrant County with an average IP of 7.5 million cubic feet a day each, with 68% working interest. Our all-in total Barnett gas finding cost year-to-date is $1.48 per Mcf.

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

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