EOG Resources (EOG) issued an operational update on its activities in various unconventional shale basins in North America. The company provided new information on its activities in the Eagle Ford Shale in Texas.
EOG Resources has 505,000 net acres under lease in the Eagle Ford Shale and reported the completion of the Harper Unit #4H well in Karnes County, Texas. The well has an initial production rate of 602 barrels of oil per day, and 650,000 cubic feet per day of natural gas.
The Harper Unit #4H was the company’s 17th well into the Eagle Ford Shale. The company plans to operate a 6 rig program in 2010.