EOG Bakken Well Pad Produces $200 Million+ Revenue In 2.5 Years -- Filloon; Syria: The Future Of The Mideast -- EIA -- June 29, 2015

Michael Filloon on EOG over at Seeking Alpha (article archived):

• EOG Resources' sand-heavy frac design may have revolutionized unconventional production
• EOG's early well results in Gonzales County have had huge success, leading to its uses in the Bakken and Permian
• This design is being copied by other operators with good results, although EOG continues to significantly outpace the competition.
• EOG's sand heavy Parshall Field fracs have produced some of the best wells to date in the Bakken
• The large volumes of sand/foot seems to show significantly better source rock stimulation. The greater the void, the more proppant needed to fill it 

EOG has revolutionized horizontal development with its sand heavy frac design. It was the first to focus on fractures close to the well bore as opposed to deep into the shale. This breaks up the rock better and deters communication between locations. Hopefully, tighter spacing can be achieved by this. We had summarized QEP Resources' well design in a past article. It had used 31 to 34 stages and 7.5 to 9 million pounds of sand. We are awaiting results from its 50 stage, 10 million pound fracs. QEP is seeing a production uplift of approximately 25% from the change. This still trails EOG's design. It's tough to know the exact design EOG is shooting for, as they are tight lipped about the technology. We don't have any data from completions in Parshall Field for 2015, but it did complete some wells at the end of last year. Here we begin to see changes to design, and upside to oil production in North Dakota.

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