EOG Boosts Permian Estimates, Cites Operational Advances

December 2016, Vol. 243, No. 12

Houston-based EOG boosted its resource potential in the Delaware sub-basin of the Permian to 6 billion barrels – an increase of 155% compared to its previous estimate of 2.35 billion – based on its study of acreage acquired from Yates. “Our technical and operational advances applied to the combined assets have produced a major increase in EOG’s Delaware Basin potential,” EOG chief executive Bill Thomas said. “As we continue to make advances in cost management and technology, we believe our resource potential over time will continue to increase in both size and quality.” EOG increased…

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