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PS - EOG's Wolfcamp IPs exceeding forecasts, outperforming 2018 - August 2019

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EOG Resources’ Delaware basin activity in Q2 focused on the Wolfcamp. The company placed online 63 horizontal wells averaging 6,500-ft laterals in the formation, with initial 30-day rates averaging 2,900 boe/d (67% oil). Wolfcamp IP30s, IP60s and IP90s have improved 12% in H1 compared to 2018 and are exceeding forecasts. While well performance is up, costs are falling across EOG’s Delaware Basin operations. YTD drilling times are down 24% versus 2018 at 13.7 days.......
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