Wednesday, March 6, 2013

EOG's Completion Design Is A Game Changer -- Mike Filloon

SeekingAlpha is reporting:
Over the past year, EOG has implemented a new completion design. It was first used in the Eagle Ford and Permian, and now it has found its way to North Dakota. In the Eagle Ford, EOG has used this and has a large number of short laterals with 24-Hour IP rates north of 3000 bopd. Its best completion, the Burrow Unit #2 produced 6331 bopd. In order to increase crude production it has not focused on long fracs but those that increase the surface area around the well bore. Essentially, it wants better fracs near as opposed to farther away as it allows the crude to flow in a radius around the well bore.
Another nice article by Mike Filloon. 

There's been a flurry of articles on well designs and completion design in the past few weeks. Along with "array" drilling in the Bakken, this is going to be quite a summer.

9 comments:

  1. The more sand the merrier. Any good hints on sand stocks?

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    1. IIRC, a year or two ago I looked at a website or two of sand companies. I think publicly traded. A little search might find some. Several companies have sand too, with other things, but that isn't the same.

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    2. I did not reply re: sand companies. I was not familiar with any; I would think most are relatively small, not publicly traded.

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  2. This is very interesting in regards to the success of this drilling. EOG has several new permits in the Eastern MT area and it will be interesting to see if this type drilling occurs in this area as the outcome could evolve into a trend for much of these areas.

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  3. I forgot you covered it in the past but I think EOG is its own sand supplier.

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    1. Yes, it has its own supply of sand; whether their sand mines in Minnesota/Wisconsin cover all their requirements or not, I do not know.

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  4. EOG's sand is from Wisconsin - my home state - my. Wife's allotments in Fort Berthold - earned by her family's pain being drilled by EOG. God has blessed us beyond measure!!!

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    1. Congratulations. And for every well you have, you should have several more before it's all over. It is amazing, isn't it?

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