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EOG to Drill +29% More Wells in 2018; 35 Rigs Running
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EOG has reported its 2018 outlook as well as its Q4 2017 results.
2018 Plans- 2018 Capex: $5.4-5.8 billion (up +44% from 2017's midpoint of $3.9 billion)
Capital will be allocated primarily to EOG's highest rate-of-return oil assets in the Delaware Basin, Eagle Ford, Rockies, Woodford and the Bakken.- Well Plans: EOG expects to complete approximately 690 net wells in 2018 (up +29% compared to 536 net wells in 2017).
Delaware: 240 net completions (230 Delaware / 10 NW Shelf) Eagle Ford: 260 net completions Rockies: 80 net completions (45 Powder River / 35 DJ Basin) Eastern Anadarko Woodford: 25 net completions Bakken: 20 net completions- 35 Rigs Running / 17 Completion Spreads
Delaware: 19 Rigs / 7 Completion Spreads Eagle Ford: 9 Rigs / 7 Completion Spreads Rockies (Powder River…- ✓ Full news archive — U.S., Canada & international coverage
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