Rigzone is reporting:
Houston-based
EOG Resources Inc. announced it is ramping up production goals in 2014
with an expansion of the company’s activity in the Eagle Ford, and with
the addition of four new plays.
EOG Resources, which is a major player in the Eagle Ford shale
formation, currently has 26 rigs running in the formation, and the
company plans to drill 520 new wells in the Eagle Ford this year. Some
of the company’s wells in the formation produced more than 4,000 barrels
of oil daily (bopd).
For 2014, EOG has added four horizontal plays in the DB Basin (Colorado) and the
Powder River Basin (Wyoming): the Codell, Niobrara, Parkman and Turner plays. The
four plays are expected to add 735 net drilling locations to EOG’s
inventory, Thomas said.
This was previously reported in the post about EOG's 1Q14 earnings.
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