Houston-based EOG Resources Inc., among the largest oil producers in the South Texas Eagle Ford and a longtime player in the Permian Basin, is getting “big wells for low cost” in an area a company executive said was once described as the “Delaware Basin of the North.”

Speaking during the J.P. Morgan Energy Conference in New York on June 18, Kenneth W. Boedeker, executive vice president of E&P for EOG, highlighted the company’s Powder River Basin assets alongside its other major shale developments in the U.S.

“The Niobrara and Mowry [shale formations] have some of the highest profitability ratio [oil and gas revenue divided by well cost] of any of our premium inventory,” Boedeker said.

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