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E&P to Run 11 Rigs, Complete 270 Net Wells; Eagle Ford, Permian, Bakken
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EOG Resources has reported its 2016 Capital Plan.
2016 Drilling & Completions Overview: Capital Expenditure: $2.4-2.6 billion Operated Rigs: 11 Total Wells to Complete: 270 net South Texas Eagle Ford Rigs Plan to Operate: 5 Operated Wells to Complete: 150 net Delaware Basin Rigs Plan to Operate: Not specified Operated Wells to Complete: 75 net Bone Spring: ~10 net Wolfcamp: ~60 net Leonard: Not specified North Dakota Bakken and Rockies Rigs Plan to Operate: Not specified Operated Wells to Complete: 35 netEOG's 2016 plan is designed to maximize returns, maintain the strong balance sheet and continue to achieve record-setting cost reduction and productivity gains.
Capital expenditures for 2016 are expected to range from $2.4 to $2.6 billion, including production facilities and…
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