Replies to This Discussion

Permalink Reply by Rock Man on May 5, 2018 at 11:27

Hydro

I assume that this was included in EOG's conference call and Q&A?

Permalink Reply by John Matherne on May 5, 2018 at 16:27

Yep remember Anadarko

Permalink Reply by Hydrocarbonite on May 5, 2018 at 11:35

there is no reply button with your messages RM...maybe Keith can work on that.   Never have spoken to or heard from EOG, we have been with Petroguard from  day one of them contacting us. 

Permalink Reply by littleasy on May 6, 2018 at 1:58

IMHO, what EOG may do in the future needs to be interpreted as much in terms of their overall business model as any inferred results of one well in one part of a larger geologic context.  Time, temperament and learning curve will tell the story!!!

Edited Transcript of EOG earnings conference call or presentation 4-May-18 2:00pm GMT

Thomson Reuters StreetEventsMay 5, 2018

Q1 2018 EOG Resources Inc Earnings Call

HOUSTON May 5, 2018 (Thomson StreetEvents) -- Edited Transcript of EOG Resources Inc earnings conference call or presentation Friday, May 4, 2018 at 2:00:00pm GMT

https://finance.yahoo.com/news/edited-transcript-eog-earnings-confe...

Permalink Reply by Skip Peel - Mineral Consultant on May 6, 2018 at 2:34

Q&A Excerpt on LA AC.

Ezra Y. Yacob, EOG Resources, Inc. - EVP of Exploration & Production [55]

--------------------------------------------------------------------------------

Yes, Bob, this is Ezra Yacob. And let me start with the current trough area down in the South Texas trend. Like I said, we brought to -- we brought the sale over last year a number of wells. We're very happy with the initial rates on there. And again, it's a new concept on the play that we've been working over the last couple of years where we're basically applying our precision targeting, our petrophysical model in combination with our seismic attributes to upscale and model these precision targets that actually have matrix contribution. And then we're applying some of our high-density frac design, things that we've developed in these different basins or different unconventional plays basically to the Austin Chalk. And so we're really happy with it. I would say, where the upside resides in down South Texas is continuing to delineate targets, high grading those targets. And again kind of the continued evolution of our frac designs, it is the chalk. So it does -- each of these plays that we're in, whether it's carbonate, siltstones, mud rocks, as you know, little tweaks on your completion design can make a big difference. And so the biggest upside I see with Austin Chalk is just that advances -- continue to evolution advances on our completions delineating additional targets. And then in Louisiana, it's very early on that prospect. I think everyone knows that we've drilled a very successful Eagle's Ranch well out there. We're very pleased with the results on there, and we'll provide further details on that on future calls.

Permalink Reply by John Matherne on May 6, 2018 at 2:42

Doesn’t sound like “for sale” to me. For the right price everything is for sale. 

Permalink Reply by Skip Peel - Mineral Consultant on May 6, 2018 at 5:25

MBO stands for 1000 barrels oil.  So 250 MBO = 250,000 barrels.  From there anyone can do the math.

M = thousand.  MM = million.

Permalink Reply by Joe Aldridge on May 6, 2018 at 13:37

Jay, I agree with you. This well is not economical. As  I said before Anadarko and Pryme killed the first round a few years ago and now EOG is trying to kill this round.

Permalink Reply by Rock Man on May 6, 2018 at 15:13

Agree this doesn't sound like EOG is looking to get out of Avoyelles Parish after a single well. Key here will be when they drill their second well in this area - and how much different the results are on that well versus the Eagles Ranch well.

The comment about little tweaks in your completion design can make a big difference is the key phrase here. A lot of this is trial and error on things like perf cluster, proppant volumes, stage lengths, etc..

It is hard waiting for results but that is what we need to do!

In my opinion

Permalink Reply by littleasy on May 6, 2018 at 3:06

Exactly, and so it goes!!!

Permalink Reply by Bob Zimmerman on May 6, 2018 at 10:28

<It is pointing towards 250 MBO>>>

Huh? Two hundred and fifty-thousand  barrels of oil? Per day? A month? Total estimable recoverable stuff of your dreams?

One a different thread, let me what reiterate Rock Man said awhile back:  Where there are no natural fractures in the AC there are no hydrocarbons of any consequence.

It's almost Sunday night, folks. Time to be getting over Saturday night. 

Permalink Reply by Joe Aldridge on May 6, 2018 at 11:41

Bob, I said earlier we don't know what the fracture looks like. EOG has that info. So we don't know.  They may have had good nature fractures and muddied them up with full weighted mud They did not acidize the formation. They went in with their esoteric frack program and pumped 9.5 million gallons of water into the formation. You can't do that and expect an AC well to produce in LA. It will be interesting to see what BlackBush does and what their out come is.

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