EOG's Bakken Downspacing & Three Forks Second Bench Look Promising

EOG Resources Bakken Shale Map
EOG Resources Bakken Shale Map

EOG Resources announced results from the first quarter of 2013 and impressive well results in the Bakken and Three Forks were included.

The first test of the second bench of the Three Forks yielded promising results in the company's Antelope Extension acreage in McKenzie County, ND. The Riverview 03-3130H was completed to sales at 3,150 b/d of oil. Additional tests are planned in the same area.

In addition, modifications in completion techniques and production enhancements combined to make EOG's rate-of-return results from the Bakken the highest in company history.

The Bakken helped fuel company-wide crude oil production growth of 33% year-over-year and recent completions are yielding projected returns as good as any play in the company's portfolio.

EOG Tests 160-Acre Spacing At Parshall

Initial production rates from 160-acre spacing test in the Parshall Field look promising. Highlighted wells include:

  • The Wayzetta 136-2127H was completed at an initial production rate of 1,910 Bopd
  • The Fertile 53-3024H began sales at 1,725 Bopd
  • The Van Hook 20-0107H and 127-0107H were completed to sales at rates of 2,375 and 2,170 Bopd

If crude oil prices remain in the current range, EOG plans to increase the level of its North Dakota drilling activity in 2014.