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Friday, July 30, 2010

EOG Opens Multi-Million Dollar Office in Stanley, ND (USA)

This is really an incredible story. Some data points, from the EOG/CEO:
  • Expectation that the Bakken to produce four billion barrels of oil over the next few decades
  • Suggests the Bakken will be one of the top five fields in the history of the US
  • Estimates royalties to private individuals of $5 billion
  • Estimates taxes to the state of $3.6 billion
  • EOG expects to drill 78 new wells in calendar year 2010
This link is likely to break in about thirty days, requiring password (free or paid) to search archives.

Update on the the EOG - BNSF railroad oil loading facility: the facilty has been open since the beginning of the year. It was built to handle 100,000 bopd; it currently ships 30,000 bopd.

This link is also likely to break in about thirty days, requiring password (free or paid) to search archives.

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