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EOG pursuing Colorado North Park Niobrara oil

03/10/2008
EOG Resources Inc., Houston, plans to drill seven wells in 2008 and is shooting a 36 sq mile 3D seismic survey in a horizontal play for oil in Cretaceous Niobrara in Colorado’s remote North Park basin.EOG, which has amassed 100,000 net acres and drilled one well in Jackson County, estimated the Niobrara has a reserve potential of 10 to 80 million bbl of oil equivalent at an implied recovery efficiency of 1-5%. Nevertheless, the company said Feb. 29, the first well is very encouraging. Estimated oil in place is 10-40 million bbl/sq mile.The company drilled the Buffalo Ditch 1-32H, in 32-7n-80w, 15 miles south-southwest of Walden, to 7,500 ft true vertical depth plus a 4,000-ft single...
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