More Bad News For Saudi -- EOG's Monster Wells In The Permian -- Filloon -- June 11, 2017

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Title : More Bad News For Saudi -- EOG's Monster Wells In The Permian -- Filloon -- June 11, 2017
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More Bad News For Saudi -- EOG's Monster Wells In The Permian -- Filloon -- June 11, 2017

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Summary 
  • EOG continues to outperform competitor's initial production rates, and this is seen in the Permian Basin
  • EOG's improvements continue as it shows other operators how to squeeze more oil per foot from the Delaware
  • EOG's results should be looked at as a futuristic indicator, as history has shown other operators will mimic design and also improve as it copies new well designs
  • Northern Loving and southern Lea counties look to be a new US core, as $50 or even $40 oil provide excellent economics


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