EOG Resources’ (EOG) recent results in the northern Delaware Basin have been fantastic. The production of southern Lea County wells have been better than anywhere else in the US. These results are a sign of things to come, as wells continue to outperform. Two locations in the Rattlesnake pad produced more than 500 KBO in 12 months. The two newer locations are on pace to outproduce the first two wells in this pad.
Source: Welldatabase.com
EOG results are reliable as it has duplicated production at four locations. The high pressured geology seems better than Midland. This could be due to depth and/or natural gas content of the interval.
Source: Welldatabase.com
On a BOE basis, EOG’s Rattlesnake average type curve shows a second month spike that decreases significantly in the fifth month. This was probably due to the well being shut in as production rises to almost 80 MBOE in month eight.
Month
Oil
Gas
Water
BOE
1
22234
41454
48848
29143
2
97258
185853
191560
128234
3
72908
143337
135099
96798
4
63893
127293
112861
85108
5
19758
40721
39466
26545
6
44246
89792
162020
59211
7
38282
74337
99101
50671
8
58103
117395
129100
77669
9
50998
106514
115246
68750
10
23612
47776
48506
31574
11
19032
38368
38525
25426
12
15966
31725
39553
21254
Total
526,289
1,044,563
1,159,884
700,382
