Despite the recent run-up, there is still a significant growth opportunity for EOG Resources in the Eagle Ford shale. At the end of last year, the company's net proved reserves in the play stood at 765 million barrels of oil equivalent. This means that if the proportion of crude oil in its total oil equivalent production and the average daily hydrocarbon production rate from the play remain constant at 2013 levels, the company can continue to tap the play for at least 13 more years.
Despite the recent run-up, there is still a significant growth opportunity for EOG Resources in the Eagle Ford shale. At the end of last year, the company's net proved reserves in the play stood at 765 million barrels of oil equivalent. This means that if the proportion of crude oil in its total oil equivalent production and the average daily hydrocarbon production rate from the play remain constant at 2013 levels, the company can continue to tap the play for at least 13 more years.
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