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EOG Touts Monster Wells ~9,000 BOEPD in the Delaware Basin; Ups Rig Count
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EOG has reported its Q1 2017 results and highlights from its release / conference call include:
Strong Results at Whirling Winds Prospect
Average IP30: 3,510 BOPD Lateral Length: 7,100 feetStrongest results from Whirling Wind 11 Fed Com #704H:
IP24: 8,990 BOEPD IP30: 6,230 BOEPDMore Rigs: EOG is deploying more rigs than initially planned in 2017, running 26 rigs instead of its previous plan of 23.
Reduced Well Costs: Q1 2017 average completed well costs were 6 percent lower than full year 2016 averages in the Eagle Ford, Delaware Basin and Bakken using normalized lateral lengths.
More on Whirling Wind results and Well Costs:In its conference call, COO Gary Thomas noted: "Whirling Wind wells in Lea County generated record setting results. This package of full wells averaged 30-day…
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