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Sunday, April 23, 2017

Update On EOG's Huge Wells In Loving County, Texas -- Mike Filloon -- April 23, 2017

Summary over at SeekingAlpha:
  • EOG's monster well has people talking about Loving County, a sample of recent wells provides consistency in its results.
  • Although other operators are underperforming, we think it will catch up as traffic increases in the area.
  • Loving has some of the best geology in the Delaware Basin, which makes it one of the best counties in the US.
EOG Resources' recent huge Delaware Basin well result has SunTrust singing geological praises. EOG continues to be a well design leader. It has become a great indicator of future results. As EOG improves, other operators follow. SunTrust may have pointed to one fantastic result, but in reality we are just beginning to see how good this area is. It isn't a big surprise Loving County is the focus of SunTrust's love.

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