PRB adds material resources to Rockies
EOG's recently announced 1.9bn addition to its premium resource base (21% of total) from Wyoming's Powder River Basin (PRB) owes much to EOG's well-developed exploration skillset to target the best reservoir rock, while driving down costs to match the Permian. A modest drilling programme (up to 6 rigs) could lift PRB output to ~80kboe/d in 2021, we estimate, with the option to accelerate development if desired.EOG Resources, together with its subsidiaries, explores for, develops, produces and markets crude oil, natural gas liquids and natural gas primarily in main producing basins in the United States, The Republic of Trinidad and Tobago, The People's Republic of China, Canada and, from time to time, select other international areas.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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