- EOG Resources (NYSE:EOG) has the biggest share of an estimated 900 North Dakota wells waiting to be fracked, according to state data, defying conventional wisdom in the state's Bakken shale formation that smaller producers with weak cash flow comprised most of the estimate.
- The fact that strong players such as EOG are holding off fracking new wells shows how much low prices make the remote Bakken far less economical compared to other U.S. shale plays; oil producers have up to a year to frack Bakken wells before they must ask state officials to label them "temporarily abandoned."
- EOG plans to make the Eagle Ford and Permian shale fields in Texas a core focus this year, aiming to increase the number of Permian wells this year by 53%.