Thursday, April 23, 2009

EOG Resources: Update

EOG Resources has quietly put together a Haynesville Shale portfolio of 116,000 net acres. I guess since they are a Canadian company, they don't like to shout about their successes (or failures). Or maybe they are more focused on the company's successes in the Bakken play.

So far EOG has tested two Haynesville wells that have yielded an average of 17 Mmcfe/day. The company plans a total of 14 Haynesville wells in 2009, and they believe they are sitting on a potential 3 to 4 Tcfe of gas reserves in the play.

No comments: