EOG Resources Inc.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

EOG Resources Inc. has retained Meagher Oil & Gas Properties Inc. to sell producing properties, leasehold and proprietary 3-D seismic data in the Woodford shale in Hughes and Seminole counties, Oklahoma. The package includes 19,000 net acres on more than 199 contiguous sections, with 860 net acres producing or held by production and 7,638 net acres with the option to extend. The Woodford shale is present at depths of 3,700 to 5,000 feet, with up to 220 feet of net Woodford pay mapped across the project. Two proprietary 3-D seismic shoots cover 36 square miles. Three horizontal Woodford and two vertical strat tests have been drilled. Production results confirm dry gas on the eastern side of the project area and light oil on the western side. The bid due date is Sept. 24. The effective date is Oct. 1. Closing is expected by Oct. 27. Contact Jacque Semple, 918-481-5900, ext. 221, jsemple@meagheroil.com.