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PS - EOG racks up 2 more premium Delaware plays holding 1.6 Bboe - November 13, 2019
Two additional Delaware basin plays with a combined 1,470 net drilling locations have ascended to the ranks of EOG Resources’ expansive premium inventory: the Middle Wolfcamp and the Third Bone Spring. The two new plays made the cut by demonstrating at least 30% returns at flat $40/bbl oil and $2.50/MMbtu gas prices, a threshold the company says ensures strong returns and direct finding costs below $10/boe through commodity cycles. The Middle Wolfcamp, which EOG......
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