Wednesday, May 9, 2012

EOG Announces TMS Play

In EOG's earnings call this morning, they made a very brief mention that they are in the Tuscaloosa Marine Shale play and that they have formed a joint venture with MCX Exploration.  They stated that they don't provide much information on new venture plays until they are proven.  In the Q&A session, no questions were asked regarding the TMS.

EOG's results in the Eagle Ford are very impressive. As stated prior, they will bring a significant amount of knowledge and experience to the play. I anxiously await their first two wells in Avoyelles Parish.

I'll post the earnings call transcript once it appears online.

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