EOG Resources, Inc.

 

EOG Resources has engaged Macquarie Tristone to seek proposals for its assets in the Highvale region. 

  • Current production of 1,719 boe/d (44% oil and NGL weighted) 
  • High working interest (average 89%), operated production and facilities 
  • Concentrated land base of 66,523 net acres 
  • Production primarily from the Banff Clarks Member subcrop with additional contribution from the Lower Mannville Group 
  • Large OOIP Banff oil resource with low current recovery factors 
  • Long reserve life at over 11 years P+P 
  • Recent success with horizontal drilling targeting oil from the Banff dolomite 
  • Inventory of low-risk, 3-D seismic supported horizontal drill locations 
  • Additional oil dominated upside identified within Ostracod, Ellerslie and Cardium trends 

Data Rooms available January 9, 2012 with proposals due February 14, 2012.