Eog

The five-member elected board of commissioners in Weld County, CO, the state’s top natural gas producer among 64 counties, on Wednesday unanimously approved a major oil/natural gas drilling operation proposed by Extraction Oil and Gas (EO&G) that is located close to a middle school east of Greeley, CO. Company representatives said the new wellsite eventually will add $70 million to the local economy.

AnEOG Resources Inc.Eagle Ford Shale well that experienced a well control incident Wednesday was still burning Friday morning although the fire had diminished, the company said. There were no reports of injuries as a result on the incident in Lavaca County, TX, and all rig personnel were safely evacuated and accounted for, EOG said.Wild Well Controlwas contracted to assist in the response effort. The company said it was too early to determine the cause.

Big Oil’s attempt to take over the North American onshore from U.S. independents so far hasn’t paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.

Production of crude oil, condensate, natural gas liquids (NGL) and other liquids was up 30% in 2Q2013 at EOG Resources compared with 2Q2012, and the Houston-based company expects significant increases to come in the full year 2013.