|EOG Eagle Ford leases (Source: http://www.eogresources.com/)|
Tuesday, November 29, 2011
EOG Assembles TMS Acreage Position
EOG continues to build a TMS lease position in "stealth" mode. Information gathered from DrillingInfo and the courthouses indicate that they've assembled approximately 120,000 acres across the play. This has not been announced or confirmed by EOG. Based on their position in the Eagle Ford, they appear to like the oil window. Rumor has it that they might be seeking a partner in the TMS. With ~80,000 acres in the higher resistivity, and ~40,000 acres in the lower resistivity, they appear to be "hedging" their bet on the rock properties of the shale.