EOG Announced four Rockies Plays in 2014
OREANDA-NEWS. 2014 was a big year for exploration in Wyoming as EOG announced four Rockies plays, the Codell and Niobrara in the DJ Basin, and the Parkman and Turner in the Powder River Basin. All four plays generated strong rates of return and consistent well results in 2014.
EOG completed several excellent wells in the fourth quarter in these emerging plays. In the DJ Basin Codell, the Windy 515-1819H and Windy 509-1806H had initial production rates of 1,490 and 1,355 Bopd, with 145 and 110 Bpd of NGLs, and 515 and 375 Mcfd of natural gas, respectively.
In the Powder River Basin, three recently completed Parkman wells, the Mary's Draw 4-0310H, 26-0310H and 209-0310H, had initial production rates of 1,160, 1,425 and 1,205 Bopd, with 460, 525, 1,015 Mcfd of rich natural gas, respectively. Two Turner completions are the Mary's Draw 7-24H and 8-24RH with initial production rates of 915 Bopd and 1.9 MMcfd of rich natural gas, and 925 Bopd and 1.9 MMcfd of rich natural gas, respectively.
EOG does not plan significant development of its DJ Basin or Powder River Basin assets until crude oil prices improve.
"EOG continues to demonstrate its leadership in growing high-return drilling inventory organically," Thomas said. "Last year at this time, we announced an increase to the reserves and drilling inventory in the Eagle Ford. A quarter later, we announced four plays in the Rockies. By the third quarter, we had delineated the Second Bone Spring Sand and identified the Wolfcamp oil window in the Delaware Basin. As in years past, we added more high-return inventory than we drilled during the year."