Fracguy

Bulking Up the Petrohawk: Parsing HK's Solid Quarter

IP = Initial production (What the well initially makes before depletion sets in)
NRI = Net revenue Interest (What your precentage of the income from the well is)
EOG = Ticker symbol for an Independent Oil and Gas company one time known as Enron Oil and Gas, before the "Smart guys" like Ken Lay and Jeff Skilling came in and decided Enron did not need "hard assets" like an E&P company.


On May 08 07:44 AM Shorewood wrote:

> "...one IP at 13 MMcfepd and one at 6 MMcfepd with a 42% NRI for
> 8 MMcfepd net combined."
>
> "A five well (EOG) operated pilot begins this quarter."
>
>
> Am I the only one who does not know what "IP," "NRI," and "EOG" stand
> for?