EOG reports big well IP in Gonzales County

[dan_s]

EOG Resources (EOG) filed a report with the Texas Railroad Commission recently, showing a 8,650 boepd 24 hour initial production rate, of which over 7,500 bopd was oil. To understand the scale of this well, assuming an 80% NRI and $100 oil, the well produces $600,000 per day in net revenue, vs. a total cost to drill and complete the well of ~$6 million.

Full Article: http://seekingalpha.com/article/1548462 ... urce=yahoo

[dan_s]

Companies active in the nearby area include Sanchez (SN), Marathon (MRO) and Lucas Energy (LEI).

[bearcatbob]

It looks to me like PVA has contiguous land to the NE of EOG in Gonzales County.