EOG Resources (EOG) reported information on its activities in the Bakken Shale, where the company has 330,000 net acres prospective for the play.
EOG Resources has 80 million barrels oil equivalent (BOE) of proved reserves booked here as of 12/31/2009. The company believes that its potential reserves in the Bakken Shale and other formations are much higher, at 420 million BOE.
EOG Resources said that the average Bakken Shale well in the company’s Bakken Lite area has the following hydrocarbon content:
Oil – 86%
Natural Gas Liquids – 11%
Natural Gas – 3%