I forget if I posted this story earlier. The link was sent to me by a reader at a time when I was off the internet for awhile and had forgotten about it. With the news that the bulk of uncompleted wells in the Bakken belong to EOG,
the article at this FuelFix link caught my interest:
There are nearly 1,400 wells in the Eagle Ford Shale that have been
drilled but not completed.
Oil prices are hovering around $50 per barrel, down by half since
last summer. And some Eagle Ford oil producers have been drilling but
not fracking wells. The delay in completing wells avoids sending new
barrels of oil into a cheap market.
For a small handful of operators, IHS reports that the
drilled-but-not-completed wells will give them a big advantage over
competitors.
Nearly 40 percent of those 1,400 delayed wells have a break-even costs below $30 per barrel.
The operators include BHP Billiton, Chesapeake, Anadarko Petroleum, EOG Resources, ConocoPhillips and Pioneer Resources.
When I think of the Eagle Ford, I think of EOG.
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