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).This was previously reported in the post about EOG's 1Q14 earnings.
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.