Tag: EOG Resources

EOG Resources in a class of its own – energy economist

EOG Resources in a class of its own – energy economist

EOG says Permian Basin assets are responding well to productivity improvements like longer horizontal well laterals Not many American oil producers are competitive at low prices, but EOG Resources has the technical knowhow and execution to pull it off, says energy economist Ed Hirs. EOG announced in its last operational update that “premium inventory” (defined as direct […]

Permian Basin veterans cautiously optimistic about beginning of recovery

Permian Basin veterans cautiously optimistic about beginning of recovery

Permian Basin leaders like EOG, Pioneer ready to resume drilling, smaller companies more cautious After a year and a half of tough times, the Permian Basin – the world’s most prolific shale basin – is showing signs of life again, but oil patch veterans say producers will be cautious until prices stabilize. Mike Starkey is the […]

EOG Resources says enhanced oil recovery critical to Texas shale production

EOG Resources says enhanced oil recovery critical to Texas shale production

EOG says it has a $15-$20/b cost advantage over the rest of industry, which needs “sustained $60-$65 oil price EOG Resources says it has confirmed success of its internally-developed enhanced oil recover process in the Eagle Ford and Permian shale basins following more than three years of testing in four successful pilot projects with 15 producing wells. These […]

EOG Resources loses $4.5 billion in 2015

EOG Resources loses $4.5 billion in 2015

“…achieved significant reductions in our finding and operating costs and substantially increased the size and the quality of our inventory” EOG Resources, Inc. has reported a fourth quarter 2015 net loss of $284.3 million, or $0.52 per share. This compares to fourth quarter 2014 net income of $444.6 million, or $0.81 per share. For the full […]

By February 29, 2016 0 Comments Read More →
EOG Resources increases Delaware Basin potential by 1 billion barrels

EOG Resources increases Delaware Basin potential by 1 billion barrels

Eagle Ford continues to be EOG Resource’s largest high return play EOG Resources, Inc. has reported a third quarter 2015 net loss of $4.1 billion, or $7.47 per share. This compares to third quarter 2014 net income of $1.1 billion, or $2.01 per share. During the third quarter 2015, proved oil and gas properties and related […]

By November 10, 2015 0 Comments Read More →