Something For The Saudis To Think About This Week -- EOG With Ten (10) More Permits In The Hawkeye Oil Field -- February 29, 2016

The ten (10) new permits as of today:

29 Feb 16	32563	EOG	Hawkeye 112-2413H	Antelope	Lot 4 24-152-95 250 FSL 542 FWL
29 Feb 16	32564	EOG	Hawkeye 115-2413H	Antelope	Lot 4 24-152-95 250 FSL 692 FWL
29 Feb 16	32565	EOG	Hawkeye 118-2413H	Antelope	Lot 4 24-152-95 250 FSL 842 FWL
29 Feb 16	32566	EOG	Hawkeye 152-2413H	Antelope	Lot 4 24-152-95 250 FSL 892 FWL
29 Feb 16	32567	EOG	Hawkeye 153-2413H	Antelope	Lot 4 24-152-95 250 FSL 942 FWL
29 Feb 16	32568	EOG	Hawkeye 154-2413H	Antelope	Lot 4 24-152-95 250 FSL 992 FWL
29 Feb 16	32569	EOG	Hawkeye 155-2413H	Antelope	SWSW 24-152-95 250 FSL 1042 FWL
29 Feb 16	32570	EOG	Hawkeye 156-2413H	Antelope	Lot 4 24-152-95 250 FSL 1092 FWL
29 Feb 16	32571	EOG	Hawkeye 11-2413H	Antelope	Lot 4 24-152-95 300FSL 702 FWL
29 Feb 16	32572	EOG	Hawkeye 12-2413H	Antelope	Lot 4 24-152-95 300 FSL 752 FWL

The new pad will be located in this general area:

For newbies: in the better Bakken, we are starting to see upwards of 24 wells sited in one drilling unit, generally 1280- or 2560-acre units.

We will eventually see 48 wells in some of these drilling unit.

These permits were requested / issued during the Saudi Surge/Slump of 2014 - 2016 with no end to the glut seen until 2017, at the earliest.