Monday, June 26, 2017

EOG's Permian Rattlesnake Pad Produces $44 Million At $50 Oil In 12 Months -- Filloon -- June 26, 2017

Link here at SeekingAlpha.

  • EOG continues to set new production records in the Permian
  • its Rattlesnake 4 well pad produces over 2.1 million barrels of crude on a 12-month model (500,000 bbls/well/first year)
  • the Rattlesnake provides insight into how much competitors in the area could improve current production rates
  • the Delaware core continues to show significant upside
From the linked article:
We have watched EOG revolutionize the industry, continuing to improve production per foot. EOG began its "Mega-Frac" design, focusing stimulation around the well bore in the Eagle Ford. It then showed its proficiency in the Bakken. It has seen its best results to date in the Delaware. EOG's Delaware acreage may have the best geology and is perfectly suited to this design. More importantly, other operators can do it as well. We just may not see those results for 6 to 12 months down the road.
Take a look at this graph of four wells on a single pad. Note the change in production of the first two wells (something not talked about):

No comments:

Post a Comment