EOG Question From A Reader -- May 11, 2017

A reader sent this in as a comment.

EOG currently has zero rigs in the Bakken, any thoughts when they may start up again??

I'm curious if anyone has any thoughts or insight.

Later: it's all about a) DUCs in the Bakken; and, b) a focus on Texas, for now. See comments.

May 14, 2017: not only does EOG have a lot of DUCs, but now as they start to frack those DUCs, EOG has a lot of wells that have gone inactive. When looking for something else, I was surprised to find many EOG wells that had been taken off-line (with "IA-waivers") since 2014 and many additional wells taken off-line recently.

It appears EOG could keep up its Bakken production with simply completing its DUCs and returning many, many wells back to production.