EOG Resources Inc. (EOG)

[OilStockReport]

Do you think EOG will be effected by all the media coverage of the Niobrara?

EOG Resources (EOG) is the largest oil producer in the Niobrara with approximately 300000 net acres in the play. I recently covered the prospects of this stock here. EOG describes the Niobrara as a highly fractured oil shale play. This area has recently been converted from a fractured to a matrix play, which means higher reserve recovery. EOG currently has 3 rigs running here. This company is going to focus on 80000 acres of the 300000 for now. 40 wells are planned here in 2011. The D-J Basin area is producing 94% liquids.