The trivia one finds in the most unlikely places is incredible.
For newbies, there are three unconventional shale plays in the US:
- the Bakken (west North Dakota)
- the Eagle Ford (east Texas)
- the Permian (west Texas)
EOG holds the lead position in the profitable Eagle Ford shale, among holdings in other profitable plays (Bakken and Permian Basin).
In fact, according to the Texas Railroad Commission, nearly 25% of all production within the Eagle Ford play can be attributed to EOG.
And, the Commission reports that 2013 natural gas production just through August exceeded total 2012 production by 21.73%. Further growth is expected, too. Moving forward, EOG raised its production growth 3.5% for the remainder of the year and is extending its positions in key drilling regions.For newbies, the Texas Railroad Commission is to Texas as NDIC is to North Dakota. In addition, rules and regulations set by the TRC are generally followed by the other states when it comes to the oil and gas industry.
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