EOG Well In The Eagle Ford With An IP Of 7,500 BOPD (8,650 BOEPD); Half The Cost Of A Bakken Well; Twice The IP

Updates

July 23, 2013: a reader sent this comment regarding this well --

EOG-operated well in the Eagle Ford Shale of Texas set a new regional record for oil production. The well produced an average of 7,513 barrels of oil per day along with 6.8 million cubic feet of natural gas. It's estimated that even with a 75% decline rate from the well it will produce more than a million barrels of oil this year.

Original Post 

SeekingAlpha is reporting:

EOG  filed a report with the Texas Railroad Commission recently, showing a 8,650 boepd 24 hour initial production rate, of which over 7,500 bopd was oil. To understand the scale of this well, assuming an 80% NRI and $100 oil (oil is at ~$105 right now), the well produces $600,000 per day in net revenue, vs. a total cost to drill and complete the well of ~$6 million.

Okay.