Friday, October 15, 2010

Montague County, TX - Barnett Shale Update

By Andrea:

In the Barnett Shale, EOG Resources Inc.(EOG)have completed 2 wells in Montague County, TX that I know, to date. This was reported in 2010 Q1 earnings report. I am unaware of any activity in 2010 Q2 but Q3 earnings will be coming out shortly and I will release a further update on Montague County:

In addition to the Settle well, we've also completed a number of horizontal wells in the Barnett combo play. The Alamo #1H, #2H and #3H wells were drilled on 55-acre spacing in Montague County. The wells began producing at a combined rate of over 900 barrels of oil per day, with 2.4 million cubic feet a day, and we have 97% working interest in these wells.

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