EOG Resources, Inc. (NYSE: EOG) Company Overview EOG Resources, Inc. with nearly 2,700 employees is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Trinidad, the United Kingdom and China. The company focuses on integrating technology such as 3D seismic, core analysis, and microseismic to develop
EOG Resources (ticker: EOG) had a Q2 net income of $23.1 million. A year ago, during the same quarter of 2016, the company reported a net loss of $292.6 million. EOG’s oil production grew to 334,700 BOPD during Q2, a 25% improvement from the previous quarter. In its Delaware basin assets, EOG completed 25 wells in the Wolfcamp, 19 wells
Most wells testing in the top 20: EOG leads the Eagle Ford, Pioneer leads the Midland, Cimarex leads the Delaware KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter of the year, noting that activity is down overall, but that test rates are increasing per well. July 2016 production
Acquisition of Yates increases number of EOG drilling locations with 30%+ IRRs by 40% EOG Resources (ticker: EOG) announced today that it will acquire Yates Petroleum Corporation, a privately-owned E&P headquartered in Artesia, New Mexico, for total consideration of approximately $2.5 billion. Under the terms of the deal, EOG will issue 26.06 million shares of common stock valued at $2.3
Heavy hitting U.S. shale producers lower production guidance 10% or more for ‘16 U.S. shale producers are beginning to announce production cuts as the global glut is keeping prices lower for longer. There is a marked difference as companies begin to report their 2016 guidance from this time last year when prices were still in the $40-$50 range. Many U.S.
