EOG adds weight to its Tuscaloosa standing

Direction: EOG chief executive Mark Papa

BLAKE WRIGHT

By Noah Brenner

 02 March 2012 02:30 GMT

US TIGHT oil giant EOG Resources has quietly built a major position in the Tuscaloosa Marine Shale in Louisiana and Mississippi and is looking at bringing a foreign partner into what some are calling the next big unconventional liquids play.

Sources on the ground in Louisiana report that the company has already established a core acreage holding in Vernon, Rapides and Avoyelles parishes on the western edge of the play through leasing companies.

It is understood that EOG, led by chief executive Mark Papa, continues to aggressively acquire additional acreage both around its initial position and moving to the east into what is considered the heart of the still poorly defined play.

Louisiana sources estimated that EOG had at least 120,000 acres under lease about the end of the year and that figure…

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