La Salle County-Los Angeles - GoEagleFordShale.com2024-03-29T10:48:13Zhttps://goeaglefordshale.com/forum/topics/la-salle-county-los-angeles?feed=yes&xn_auth=noSee slide # 14
http://files.…tag:goeaglefordshale.com,2013-09-17:6447762:Comment:520372013-09-17T16:40:51.794ZAndrew Swannhttps://goeaglefordshale.com/profile/AndrewSwann
<p>See slide # 14</p>
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<p><a href="http://files.shareholder.com/downloads/ROSE/1666108687x0x684663/5BA8D575-592C-4145-87F9-8888B4B9BC11/ROSE_EnerCom_Presentation_081213.pdf" target="_blank">http://files.shareholder.com/downloads/ROSE/1666108687x0x684663/5BA8D575-592C-4145-87F9-8888B4B9BC11/ROSE_EnerCom_Presentation_081213.pdf</a></p>
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<p>Rosetta is drilling Eagle Ford laterals on the Hanks lease in LaSalle County 400 ft. apart ( 50 acre spacing ).</p>
<p>This lease is about 5 mi…</p>
<p>See slide # 14</p>
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<p><a href="http://files.shareholder.com/downloads/ROSE/1666108687x0x684663/5BA8D575-592C-4145-87F9-8888B4B9BC11/ROSE_EnerCom_Presentation_081213.pdf" target="_blank">http://files.shareholder.com/downloads/ROSE/1666108687x0x684663/5BA8D575-592C-4145-87F9-8888B4B9BC11/ROSE_EnerCom_Presentation_081213.pdf</a></p>
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<p>Rosetta is drilling Eagle Ford laterals on the Hanks lease in LaSalle County 400 ft. apart ( 50 acre spacing ).</p>
<p>This lease is about 5 mi East of Los Angeles.</p>
<p>Good luck to us, Andrew</p> Could be a test case to see i…tag:goeaglefordshale.com,2013-09-17:6447762:Comment:518722013-09-17T15:46:23.469ZMarkhttps://goeaglefordshale.com/profile/MarkPrzywara
<p>Could be a test case to see if tighter spacing works in the western EOG area.</p>
<p>Good stuff!</p>
<p>Could be a test case to see if tighter spacing works in the western EOG area.</p>
<p>Good stuff!</p> Tighter spacing by EOG comin…tag:goeaglefordshale.com,2013-09-17:6447762:Comment:518712013-09-17T15:42:20.287ZAndrew Swannhttps://goeaglefordshale.com/profile/AndrewSwann
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<p>Tighter spacing by EOG coming in our area??</p>
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<p><span>This new well permit the</span></p>
<h1 class="ha"><span class="hP" id=":1bl">EOG Bridgers 2H </span></h1>
<p><span> is just East of the Mak Ranch lease.</span></p>
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<p><span>Notice the distance between laterals, 432 ft at one point, then 460 ft.</span></p>
<div>I think this is a very good sign.…</div>
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<p>Tighter spacing by EOG coming in our area??</p>
<p></p>
<p><span>This new well permit the</span></p>
<h1 class="ha"><span id=":1bl" class="hP">EOG Bridgers 2H </span></h1>
<p><span> is just East of the Mak Ranch lease.</span></p>
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<p><span>Notice the distance between laterals, 432 ft at one point, then 460 ft.</span></p>
<div>I think this is a very good sign.</div>
<div><a href="http://webapps.rrc.state.tx.us/dpimages/img/2000000-2099999//PR0002034291_0001.tif" target="_blank">http://webapps.rrc.state.tx.us/dpimages/img/2000000-2099999//PR0002034291_0001.tif</a></div> It's a Badger, not a Bear:) H…tag:goeaglefordshale.com,2013-09-12:6447762:Comment:516122013-09-12T17:19:11.630ZSBPhttps://goeaglefordshale.com/profile/PamelaSkiba
<p>It's a Badger, not a Bear:) Honey Badger.</p>
<p>I am extremely hesitant to correct you since I can't even comprehend most of your technical well analysis. But, I continue to find that Honey Badger thing funny:) </p>
<p>I certainly can't correct you or Mark on any technical data....but I guess I can politely point out that it's a Badger, not a Bear:)</p>
<p>It's a Badger, not a Bear:) Honey Badger.</p>
<p>I am extremely hesitant to correct you since I can't even comprehend most of your technical well analysis. But, I continue to find that Honey Badger thing funny:) </p>
<p>I certainly can't correct you or Mark on any technical data....but I guess I can politely point out that it's a Badger, not a Bear:)</p> Gotta like what EOG is doing.tag:goeaglefordshale.com,2013-09-12:6447762:Comment:517082013-09-12T04:19:00.610ZMarkhttps://goeaglefordshale.com/profile/MarkPrzywara
<p>Gotta like what EOG is doing.</p>
<p>Gotta like what EOG is doing.</p> EOG continues to highlight th…tag:goeaglefordshale.com,2013-09-11:6447762:Comment:514612013-09-11T15:39:44.569ZAndrew Swannhttps://goeaglefordshale.com/profile/AndrewSwann
<p>EOG continues to highlight their robust Western Eagle Ford acreage.</p>
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<div class="ii gt m14109138385da90c adP adO" id=":1mu"><div id=":1mt"><div dir="ltr"><h1><span>EOG Resources Management presents at Peter's &amp; Company Limited 2013 Energy Conference (Transcript)</span></h1>
<div><span> </span></div>
<p><strong>Executives</strong></p>
<p>Bill Helms - EVP, Exploration and Production</p>
<p></p>
<p>EOG Resources Inc. (…</p>
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<p>EOG continues to highlight their robust Western Eagle Ford acreage.</p>
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<div id=":1mu" class="ii gt m14109138385da90c adP adO"><div id=":1mt"><div dir="ltr"><h1><span>EOG Resources Management presents at Peter's &amp; Company Limited 2013 Energy Conference (Transcript)</span></h1>
<div><span> </span></div>
<p><strong>Executives</strong></p>
<p>Bill Helms - EVP, Exploration and Production</p>
<p></p>
<p>EOG Resources Inc. (<a href="http://seekingalpha.com/symbol/eog" title="" target="_blank">EOG</a>) Peter’s & Company Limited 2013 Energy Conference (Transcript) September 10, 2013 10:40 AM ET</p>
<p><strong>Unidentified Speaker</strong></p>
<p>Next speaker will be Billy Helms from EOG.</p>
<p><strong>Billy Helms</strong></p>
<p><strong> </strong></p>
<div><span> best parts:</span></div>
<div><span> </span></div>
<span>We had seen certainly a lot of the what we would call monster wells in the East side of Eagle Ford. But what changed this last quarter is we are seeing dramatic improvements in our western area, a lot people thought with all the monster wells going to the East, we drill up our inventory early and we wouldn’t have a lot of these big wells going forward. What we have seen though from our improvement on the completion technology that our western acreage is generating 100% rate of return also. So we are generating really good rate of return across all of our Eagle Ford acreage.</span><br />
<div><span> </span></div>
<div><span> And our continued results discontinuous [progress] like I mentioned especially on our western side. So on the Eagle Ford reserves we increased those reserves earlier this year, so we are still on the process of trying to improve the recovery back factor there. We are currently at about an 8% recovery factor, and we have shy of 5000 locations less to drill and that’s a result of our down spacing effort, where about a 40 acre spacing on the east side on the field and about 65 acres spacing on the west.<br/></span></div>
<div><span> </span></div>
<div><span>And I will say that we are still continuing to experiment with our spacing patterns. So that number will continue to evolve, as we improve our completion technology that allow us to think about how the better space the wells and maximize the recovery. We spend a lot of time and effort thinking about how to improve the recovery, the spacing and maximizing that present value from the asset. So that will be an ongoing evolution.<br/></span></div>
<div><span> </span></div>
<div><p>Just to look at the evolution in some of our western acreage; Eagle Ford wells, you can see the IP rates continuing to improve over time and our well cost continuing to come down. So that's a continuing theme in just almost all of our plays.</p>
<p>Just a quick look at some examples from the western side; you can see that the two wells drilled in 2012 they are mentioned here, they are noted here in black compared to the 2013 wells and in red and you can see on a normalized basis, the production, a 120 day production shows about a 30% improvement in the overall production from those wells. So, you could see we have improved the production there by about 30% while lowering well cost. So it's been a dramatic improvement for the production rates or from the rate of return from that part of the play.</p>
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<span>You have about 2.6 times of production from the Eagle Ford as you do the same number of wells in the Permian.</span></div>
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<div><span>So it just speaks to the quality of the plays the Eagle Ford and Bakken and why some of these other plays in the Permian won’t have the same impact on a national scale that the Bakken and Eagle Ford have had. <br/></span></div>
<div><span> </span></div>
<div><span>whole transcript is here: <a href="http://seekingalpha.com/article/1684772-eog-resources-management-presents-at-peters-amp-company-limited-2013-energy-conference-transcript?part=single" target="_blank">http://seekingalpha.com/article/1684772-eog-resources-management-presents-at-peters-amp-company-limited-2013-energy-conference-transcript?part=single</a></span></div>
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</div> EOG Quarterly CC this mornin…tag:goeaglefordshale.com,2013-08-07:6447762:Comment:481302013-08-07T22:26:34.005ZAndrew Swannhttps://goeaglefordshale.com/profile/AndrewSwann
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<p>EOG Quarterly CC this morning. Super positive on their Western acreage and La Salle County in particular.</p>
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<p>Here is the link and some quotes from the CC.</p>
<p>Good luck to all of us, Andrew…</p>
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<p>EOG Quarterly CC this morning. Super positive on their Western acreage and La Salle County in particular.</p>
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<p>Here is the link and some quotes from the CC.</p>
<p>Good luck to all of us, Andrew</p>
<p><a href="http://seekingalpha.com/article/1613542-eog-resources-ceo-discusses-q2-2013-results-earnings-call-transcript?part=single" target="_blank">http://seekingalpha.com/article/1613542-eog-resources-ceo-discusses-q2-2013-results-earnings-call-transcript?part=single</a></p>
<div><strong><a href="http://seekingalpha.com/search/transcripts?term=Mark+G.+Papa&sasource=participant">Mark G. Papa</a></strong><span> - Executive Chairman</span><p>Yeah, I'd just close with two remarks, just again to summarize I think two points you want to take away from the call. First point is, again the Western Eagle Ford is an area that we're particularly proud of with the results. And the second point is for the first time we can highlight three key oil plays on a direct after-tax rate of return basis. In each of these plays, we're achieving 100% or greater rate of return; Eagle Ford, Bakken and Leonard. So thanks for listening and we'll talk again in three months from now.</p>
<div><p>In our Western acreage, we’ve drilled a large number of wells allowing us to fine tune our completion technology. We are now making oils with rate of return that are approaching wells drilled in the Eastern part of our acreage. In La Salle County, The Keller number 1H and 2H had initial daily production rates of 1,855 barrels of oil and 2,050 barrels of oil with 590 and 400 Mcf per day of rich gas respectively.</p>
<p>The Smart number 1H and 2H began production at 1,495 and 2,030 barrels of oil per day with 480 and 610 Mcf per day of rich gas respectively. In McMullen County, the Naylor Jones B number 1H started production with 1,830 barrels of oil per day and 1,920 Mcf per day of rich gas. EOG has 100% working interest in each of these wells.</p>
<p>To show how wells have improved on our Western acreage, the updated IR presentation includes slides that show well IPs marching upward as a result of better frac techniques and longer laterals. As an example, slide number 21 shows that the Keller and Smart Unit wells drilled in 2013 are 30% better than offset wells drilled in 2012. In addition to making better wells we are driving down well cost through efficiencies.</p>
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<p>The takeaways from our second quarter Eagle Ford results are; number one, EOG continues to make significant improvements in well productivity and cost reductions in both the Eastern and Western portions of our acreage. Number two, EOG's drilling results from a large number of wells in our Western acreage confirms that the Western part of the play can deliver high direct capital rates of return and strong production growth.</p>
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<p><strong><a href="http://seekingalpha.com/search/transcripts?term=Leo+Mariani&sasource=participant">Leo Mariani</a></strong> - RBC Capital</p>
<p>Great. Great results here. Just a question on the Western Eagle Ford. Obviously as you guys have moved West, it just seems like the results have certainly surpassed your expectations. I think you guys last update on sort of the Eagle Ford average EURs and it was 450,000 boe. Do you guys think that that has got some upward bias here given the strength as you've moved out of your core area?</p>
<strong><a href="http://seekingalpha.com/search/transcripts?term=Mark+G.+Papa&sasource=participant">Mark G. Papa</a></strong> - Executive Chairman<br />
<p>Yeah, Leo, I'll let Bill answer that but I think the number is 400 boe is the last update we've given on that, so that's the number that we're sticking with at this point. But let me have Bill address that.</p>
<strong><a href="http://seekingalpha.com/search/transcripts?term=William+R.+Thomas&sasource=participant">William R. Thomas</a></strong> - President and CEO<br />
<p>No, you're right. I mean that's what we have talked about extensively here is that our Western Eagle Ford results are just like in all of our plays. I mean they are coming up really, really nicely. The main driver for that of course is the completion technology and the cost reduction too goes along with that, but the most important factor in improving the wells is the use of EOG sand. That has been a major factor in improving our wells. And so it also helps us to drive down the well cost and we're certainly watching the per well EURs and the Eagle Ford as we go along here. The thing that we're not going to do is we're not going to rush to change the EURs on a per well basis really until we complete the down spacing program in the Eagle Ford. And we're still actively down spacing both in the East and the West side of the Eagle Ford. And so while we continue to push wells closer together, we want to be careful about that per well EUR and we want to make sure we have enough time to evaluate the long-term effects of the wells on those tight spacing patterns. So, we're going to hold firm with that 400 in boe per well for now.</p>
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<p><strong><a href="http://seekingalpha.com/search/transcripts?term=Doug+Leggate&sasource=participant">Doug Leggate</a></strong><span> </span><span>- Bank of America Merrill Lynch</span></p>
<p>Thanks. Good morning, Mark, and good morning everybody. Mark, first of all, congratulations in your transition. It seems that the quarter hasn't really suffered for it, but if I may ask a question about down spacing in the Eagle Ford. You've talked about 40 in the East and 60 in the West, but it seems from these well results in the West that at least you should be asking the question about how you see the inventory and the down spacing results going forward. Can you speak to whether or not you're continuing to test tighter spacing and what your latest thinking is there? And then I've got a follow-up please.</p>
<strong><a href="http://seekingalpha.com/search/transcripts?term=Mark+G.+Papa&sasource=participant">Mark G. Papa</a></strong><span> </span><span>- Executive Chairman</span><br />
<p>Yeah, Doug. Yeah, we are continuing to test down spacing in both the Eastern portions of our Eagle Ford acreage and the Western portions of that. And we're going to continue to push that, but we’ve always had is to maximize the net present value of the asset and we really approach that from on a per acre basis. So, as we drive the oil cost down and we push the wells closer together on a spacing pattern, the goal is to maximize the net present value there. And we’re not sure if we reach those limits or not. We’ve been able to improve the net present value over time considerably with both cost reduction and well improvements and certainly that corresponds into additional reserve recovery which we increased several times. So, the process continues in all areas. The completion technology continues to advance and we’re not letting up on that and the cost reductions continues to advance, the increase in the recovery factor that continues to advance and all of that is focused on the net present value of the asset. So everything is moving ahead.</p>
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<p></p> New EOG Investor presentatio…tag:goeaglefordshale.com,2013-08-07:6447762:Comment:482012013-08-07T03:01:37.377ZAndrew Swannhttps://goeaglefordshale.com/profile/AndrewSwann
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<p>New EOG Investor presentation up today:</p>
<p><a href="http://www.onlineroyalty.com/investors/slides/EOG_0813.pdf" target="_blank">http://www.onlineroyalty.com/investors/slides/EOG_0813.pdf</a></p>
<p>See slide # 21 for Impact of New La Salle County Completion Design. 30% improvement 2013 over 2012.</p>
<p>The completions just keep getting better.</p>
<p>Good luck to all of us, Andrew</p>
<p></p>
<p>New EOG Investor presentation up today:</p>
<p><a href="http://www.onlineroyalty.com/investors/slides/EOG_0813.pdf" target="_blank">http://www.onlineroyalty.com/investors/slides/EOG_0813.pdf</a></p>
<p>See slide # 21 for Impact of New La Salle County Completion Design. 30% improvement 2013 over 2012.</p>
<p>The completions just keep getting better.</p>
<p>Good luck to all of us, Andrew</p> That is great news thanks for…tag:goeaglefordshale.com,2013-08-07:6447762:Comment:478962013-08-07T00:10:20.097Zquinn https://goeaglefordshale.com/profile/quinn
That is great news thanks for the info.
That is great news thanks for the info. EOG quarterly report out. We…tag:goeaglefordshale.com,2013-08-06:6447762:Comment:477982013-08-06T21:30:10.361ZAndrew Swannhttps://goeaglefordshale.com/profile/AndrewSwann
<p>EOG quarterly report out. We made the PR!!!!! Good luck to all of us, Andrew</p>
<p>EOG recorded strong well and economic results from its western Eagle Ford acreage where more than a third of its second quarter drilling activity in the play occurred. In <span class="xn-location">La Salle County</span>, EOG's initial production rates and overall well productivity showed a marked improvement, compared to similar completions in the same area three years ago. The …</p>
<p>EOG quarterly report out. We made the PR!!!!! Good luck to all of us, Andrew</p>
<p>EOG recorded strong well and economic results from its western Eagle Ford acreage where more than a third of its second quarter drilling activity in the play occurred. In <span class="xn-location">La Salle County</span>, EOG's initial production rates and overall well productivity showed a marked improvement, compared to similar completions in the same area three years ago. The <span class="xn-location">Keller</span> #1H and #2H began production at rates of 1,855 and 2,050 barrels of crude oil per day (Bopd) with 75 and 50 barrels per day (Bpd) of NGLs and 430 and 300 thousand cubic feet per day (Mcfd) of natural gas, respectively. The Smart Unit #1H and #2H had initial rates of 1,495 and 2,030 Bopd with 60 and 75 Bpd of NGLs and 340 and 440 Mcfd of natural gas, respectively. The Dossett Unit #1H and #2H were completed to sales at 1,590 and 2,185 Bopd with 85 and 115 Bpd of NGLs and 490 and 655 Mcfd of natural gas, respectively. In <span class="xn-location">McMullen County</span>, the Naylor Jones B #1H started production at 1,830 Bopd with 240 Bpd of NGLs and 1.4 million cubic feet per day (MMcfd) of natural gas. EOG has 100 percent working interest in these seven wells.</p>
<p><a href="http://investor.shareholder.com/eogresources/releaseDetail.cfm?ReleaseID=783274" target="_blank">http://investor.shareholder.com/eogresources/releaseDetail.cfm?ReleaseID=783274</a></p>