derisked parcels
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From my perspective, that is a term made up to get more investors.
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I’m sure that the word “derisked” in the hands of someone like McClendon is a term made up to get more investors.
But How about EOG Resources? Any map of the most productive areas of the Eagle Ford will show that its a long narrow cresent arc. EOG is doing now a massive amount of drilling in that crescent. I have not heard them use the word “derisk” but the confidence of their drilling methodology suggests that “derisked” is the appropriate way to characterize their drilling.
http://www.bizjournals.com/houston/news/2014/05/08/eog-resources-ceo-lays-out-ambitious-eagle-ford.html
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EOG Resources CEO lays out ambitious Eagle Ford drilling schedule
Houston-based EOG Resources is planning to drill more than 500 wells in the Eagle Ford Shale as part of its long-term exploration strategy.
EOG Resources Inc. (NYSE: EOG) will drill 520 wells in the Eagle Ford Shale this year, completing the “vast majority” of its 2014 drilling obligations in the basin’s oil-rich section by July, its top officer told analysts.
“We’re currently running 26 rigs in the play,” CEO Bill Thomas said on an earnings call this week.
That would be my point.