Crazy Numbers, Part 3 -- EOG's Bakken Reserves Up 5-Fold

From EOG's 2010 analysts' conference:

"Based on successful drilling results and improved reserve recoveries from the North Dakota Bakken Core, Bakken Lite and Three Forks Formations, EOG increased the estimated remaining reserve potential on its acreage from an earlier estimate of approximately 80 MMboe, NAR, to 420 MMboe, of which 80 MMboe proved reserves were booked at December 31, 2009."

More to follow.

But EOG has increased its remaining reserve potential on its EXISTING acreage from an earlier estimate of 80 million barrels to 420 million barrels.

Just saying.