Tag Archives: EOG Resources

Niobrara M&A Activity on the Horizon?

Goldman Sachs sees Cabot, Range as majors’ top shale M&A targets By Bill Holland SNL Financial, July 17, 2015 “We see an active opportunity for intra-shale consolidation among E&Ps,” Goldman said. “Multiple shale plays have very fragmented ownership, particularly the Permian … Continue reading

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Get Ready for Oil Deals: Shale Is Going on Sale

(Bloomberg) — A decision by Whiting Petroleum Corp., the largest producer in North Dakota’s Bakken shale basin, to put itself up for sale looks to be the first tremor in a potential wave of consolidation as $50-a-barrel prices undercut companies … Continue reading

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EOG Resources Follows Suit and Cuts CAPEX by 40%

On February 18th, 2015, EOG Resources announced Q4 earnings for 2014.  The company also announced a CAPEX cut of 40% of $4.9B-$5.1B this year, and will delay a “significant” number of well completions as part of a strategy to increase its … Continue reading

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Early Results from EOG Resources Niobrara Program Showing IP of 1000 BOEPD

EOG Resources reported on November 5th that early results from the company’s DJ basin Niobrara and Codell drilling program were on target with I.P. rates of 1000 BOEPD.  In their 3rd Qtr earnings transcript found at Seeking Alpha,  – Executive VP, Exploration … Continue reading

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EOG Resources Hitting the Pay Zone in Wyoming DJ Basin

At their August 5th, 2014 investor presentation, EOG Resources announced drilling results from their Wyoming based DJ basin properties.  The company is targeting both the Codell and Niobrara formations in Wyoming’s DJ basin. The company has 39 net wells in … Continue reading

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After years of talk, Cheyenne may be poised for a surge in oil production

By BENJAMIN STORROW Star-Tribune staff writer – August 10, 2014 CHEYENNE — On a recent afternoon, Alex Bowler sat in a coffee shop here and held up a copy of the local newspaper. On display were two full pages of … Continue reading

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EOG Resources bets on extended laterals in the Niobrara

EOG Resources has petitioned the COGCC to vacate 90 existing 640-acre drilling and spacing units and create 45 1280 (approx) in their place.  The new drilling and spacing units to be established are located in the Hereford field in Weld … Continue reading

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Earth & Energy: EOG feeling ‘positive’ about Niobrara play

Date: Tuesday, September 20, 2011, 12:09pm MDT – Denver Business Journal Sure, EOG Resource Inc.’s “Jake” well in the Niobrara produced a stunning 645 barrels of oil a day when it was brand new in October 2009 — but what’s … Continue reading

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