EOG Resources
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| - | '''EOG Resources''' (EOG) was formerly known as Enron Oil & Gas. | + | '''EOG Resources,Inc.''' (NYSE: EOG) is a large, independent oil and gas company. It separated from Enron Oil & Gas in 1999. |
| In September, 2008, the company was reported to be actively drilling in the Susquehanna Basin of [[Pennsylvania]]. It paid a fine to the [[Susquehanna River Basin Commission]] (SRBC) of $450,000 for not complying with limits on water withdrawal for wells in the Basin. | In September, 2008, the company was reported to be actively drilling in the Susquehanna Basin of [[Pennsylvania]]. It paid a fine to the [[Susquehanna River Basin Commission]] (SRBC) of $450,000 for not complying with limits on water withdrawal for wells in the Basin. | ||
Revision as of 04:53, 4 June 2009
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EOG Resources,Inc. (NYSE: EOG) is a large, independent oil and gas company. It separated from Enron Oil & Gas in 1999.
In September, 2008, the company was reported to be actively drilling in the Susquehanna Basin of Pennsylvania. It paid a fine to the Susquehanna River Basin Commission (SRBC) of $450,000 for not complying with limits on water withdrawal for wells in the Basin.
An October, 2008 report found EOG having recorded 111 leases in Bradford County, Pennsylvania during 2008.
A later October report stated that EOG has active locations in both Bradford and Elk Counties in Pennsylvania.
In November, 2008 it was reported that EOG was involved in a joint veture with National Fuel through a subsidiary, Seneca Energy, to develop acreage in Pennsylvania where the latter owns drilling rights about 80 miles northeast of Pittsburgh. The venture's first Marcellus well produced one million cubic feet of gas per day at first, but then production leveled out to around 400,000 cubic feet per day.
A January, 2009 report indicated that the joint venture has drilled five vertical wells, and it was in the process of drilling its seventh horizontal well. The decline in production from the above mentioned first well was probably due to an ineffective frac. Additional results that were announced include: Well 3 - 400 Mcf/d from a 1,200-ft horizontal leg in Marcellus; and, Well 4 - 1.4 MMcf/d from a 3,500-ft horizontal section. Two other wells were awaiting hydro-fracturing at that time.
A February, 2009 report stated that three wells were awaiting hydro-fracturing and another one is being drilled.
A report came in mid-April, 2009 that EOG had applied to the SRBC to withdraw water from various branches of the Sinnemahoning Creek at locations in and around Weedville in rural Elk County, PA (just north of Clearfield Co.) The local Jay Township Supervisors wrote a letter to the Commission indicating that the locations selected, including ones near the Redwood Bridge, fire hall, senior center, and ball field, were quite unsatisfactory. Evidently, EOG had selected these locations via satellite imagery without any actual reference to local considerations or concerns.
A May, 2009 company update indicated that a EOG-Seneca Marcellus shale well had been drilled that produced on the average more than 3.0 Mmcf/d for 7 days during initial flow-testing. The EOG-Seneca joint venture planned to drill 8-10 Marcellus wells during 2009.
- The company's CEO is Mark G. Papa.
- Tom Horton, Pennsylvania and New York a landman for Natural Gas Property Leasing, is a spokeaman for EOG in Elk County.
