By OGJ editors
HOUSTON, Jan. 29 -- EOG Resources Inc., Houston, sees a net recoverable potential of 227-463 million boe from a "combo" play in the Mississippian Barnett shale northwest of Fort Worth along the Red River in Montague and Clay counties, Tex.
Eight EOG horizontal wells and 60 other industry wells have confirmed an economically viable trap 40 miles east-west by 20 miles north-south. EOG holds 250,000 net acres in the area.
EOG defines the area as primarily an oil play with added value from natural gas and natural gas liquids, the company said in a mid-January presentation. It estimates 33 million bbl/sq mile of oil in place and 115 bcf/sq mile of gas in place in eastern Montague County.
The company estimates per well net recovery potential at 75,000 bbl of oil, 34,000 bbl of NGL, and 260 MMcf of gas. A gas processing plant is expected to start up in February 2009, enabling the first major production volumes from the play.
