EOG Resources has issued its second-quarter 2012 report, and it is touting a copious flood of production. The company confirmed a 52% surge in crude oil and condensate production for the quarter, compared with the same period last year. Factoring in crude, condensate and natural gas liquids (NGLs) production rates increased 49% compared with second-quarter 2011 numbers.

EOG’s powerful second-quarter payoff was largely due to its paragon producers-- the Eagle Ford, Bakken and Permian Basin.

All three plays were key in the quarter; however, the Eagle Ford was chief in terms of production rates. The prized Boothe #10H well in Gonzalez county was tapped at a steady production rate of 4,820 bbl of oil per day (b/d), 972 b/d of NGLs, and 4.5 million cubic ft per day (MMcf/d) of natural gas. The neighboring Boothe #9H well reached a production rate of 3,708 b/d of oil, 527 b/d of NGLs, and 2.4 MMcf/d of natural gas.

“We continually focus on making better wells, and with an initial flow rate in excess of 4,800 b/d of crude oil EOG’s Boothe Unit #10H is clearly the top-producing oil well in the entire Eagle Ford play to date,” said Mark Papa, EOG’s chairman and CEO.

EOG highlighted another set of healthy wells in Gonzalez county- the Henkhaus triad. The Henkhaus #9H well reached a production flow of 4,184 b/d of oil, 633 b/d NGLs and 2.9 MMcf/d of natural gas. The Henkhaus #10H well brought in 3,546 b/d oil, 730 b/d of NGLs and 3.4 MMcf/d of natural gas. The third well, the Henkhaus #11H topped the trio off with 4,140 b/d of oil, 670 b/d of NGLs and 3.1 MMcf/d of natural gas.

Papa continued, “We are achieving this consistent string of home runs because EOG has captured the finest inventory of onshore crude oil assets in the entire U.S. and has the technical acumen to maximize reserve recoveries.”

Following the Eagle Ford’s production gush, the company’s Bakken stake did not disappoint. The Antelope extension prospect houses the Riverview 04-3031H well, which sustained a production rate of 1,863 b/d of oil with 730 thousand cubic ft of natural gas per day(Mcf/d), and the Riverview 100-3031H well, which reached 1,834 b/d of oil with 1.3 Mcf/d of natural gas.

Also in the Bakken, the Clarks Creek 10-0805H well produced 1,478 b/d of oil with 576 Mcf/d of natural gas. The adjacent Clark Creek 100-0805H well tacked on an additional 1,437 b/d of oil with 635 Mcf/d of natural gas.

“Having identified a large, multi-year drilling inventory on its Bakken core, Antelope extension and Stateline acreage, EOG expects to post crude oil growth from North Dakota and Montana in 2013 and beyond,” Papa continued.

Lastly, EOG spotlights its Permian Basin production. In Irion County, Texas, the Munson #1001H well flowed 1,110 b/d of oil, 80 b/d of NGLs and 455 Mcf/d of natural gas. The Munson #1002H well produced 856 b/d of oil, 70 b/d of NGLs and 405 Mcf/d of natural gas. The Munson #1003H well pumped 1,015 b/d of oil, 40 b/d of NGLs and 230 Mcf/d of natural gas.

Lea County, N.M., also contributed to the company’s Permian influx with the Pitchblende 29 Fed Com #1H well’s production rates of 1,026 b/d of oil, 120 b/d of NGLs and 650 Mcf/d of natural gas.

EOG feels confident that its recent chain of home runs will uphold in the third and fourth quarters, driving the company to raise the bar on its production goals. The amended 2012 production growth target for crude oil and condensate is currently set at 37% vs. the initial 33% goal, and liquids production has been amplified to 35% vs. the initial 33% goal.

“With our tremendous momentum, we increased our crude oil production growth target twice, achieved our asset sales goal and maintained a strong balance sheet,” Papa continued. “Moving into the second half of the year, our focus is on realizing our 2012 goal of 37% crude oil production growth while we moderate our drilling activity level to stay within our capital budget.”

Contact the author, Kate Permenter, at kpermenter@hartenergy.com.