Exploration & Production
Operators Joins EOG In Rockies / Codell Discovery
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Looking at the well permit data, Shale Experts has determined that EOG's latest discovery in the Rockies may already have attracted the attention of some other drillers.
EOG is joined in its new discovery in the northern Codell by Cirque Resources, Bill Barrett Corporation, and Kaiser Francis Oil Company.
Cirque Resources LP is headed by CEO Peter Dea, who has stated that their strategy is to build to sell. EOG could be a likely buyer, if it intends to develop this area further.
Year-to-date, EOG has completed four net wells targeting the Codell in Laramie County, Wyoming, where it holds 72,000 net acres in the DJ Basin.
Three wells have produced very well:
The Jubilee 513-0820H began production at 1,325 barrels of oil per day (Bopd) with 700 thousand cubic feet per day (Mcfd) of rich…
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