EOG Resources (EOG) is active in the Permian Basin and has 120,000 net acres under lease that are prospective for the Wolfcamp formation. The company recently released the production results of four wells completed on its acreage. The names and average daily production during the first thirty days are:
University 40-1402H – 390 barrels of oil per day.
University 38-0701H – 230 barrels of oil per day.
University 43-1001H – 440 barrels of oil per day.
Munson 2701H - 330 barrels of oil per day.
EOG Resources said that these wells also produced natural gas as well. The production stream of the typical Wolfcamp well is approximately 55% oil, 22% natural gas and 23% natural gas liquids.