Key points to note:
- the survey is confirmed to be 270 square miles. That is a large survey.
- They've expanded the survey to include some lands in Evangeline Parish.
- Dawson Geophysical will be the contractor performing the acquisition.
- The acquisition has commenced and completion is estimated to be July, 2018.
The fact that EOG is investing in such a large survey is very positive. It indicates their belief in the play and that they plan to be in the area for some time. As stated in a prior post, they likely will drill 4-6 wells across their acreage block in parallel with the shoot. Once the shoot is complete, processed, and interpreted, they can incorporate data from their new wells.