EOG Resources

Description

EOG Resources, Inc. is one of the largest independent (non- integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.”

At December 31, 2010, EOG’s estimated net proved crude oil, condensate and natural gas liquids reserves were 538 million barrels and estimated net proved natural gas reserves were 8,470 Bcf for a total of 1,950 million barrels of oil equivalent. Approximately 81 percent of EOG’s reserves on a crude oil equivalent basis were located in the United States, 11 percent in Canada, 7 percent in Trinidad and less than 1 percent in the United Kingdom North Sea and China. At year-end 2010, EOG had approximately 2,300 employees.


Latest EOG Resources News

EOG Resources divests majority of Canadian assets

EOG Resources, Inc. (NYSE: EOG) (EOG) announce the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1, 2014. Approximate proceeds from the divestitures were US$ 410 million, net of customary transaction adju... Tuesday, December 9, 2014

Mexco Energy announces additional development of properties

Mexco Energy Corporation (NYSE MKT:MXC) announces production results of three new wells in the "B" bench of the Wolfcamp formation in Reagan County, Texas. These wells produced at an average rate respectively of 877,713 and 883 barrels of oil equivalent ("Boe") per day, during th... Monday, September 8, 2014

Operator outputs from US oil and natural gas resource plays continues to leapfrog

Perhaps the most striking thing upstream companies revealed in their recent round of second quarter calls was the astounding production increases from US unconventional plays brought about by an array of tweaks to well drilling and completion techniques. One tactic they're using to eke more hyd... Tuesday, August 12, 2014

EOG Resources announces outstanding second quarter 2014 results

EOG Resources, Inc. (NYSE: EOG) reports second quarter 2014 net income of $706.4 million, or $1.29 per share. This compares to second quarter 2013 net income of $659.7 million, or $1.21 per share. Adjusted non-GAAP net income for the second quarter 2014 was $796.0 million, or $1.45 per share, and... Wednesday, August 6, 2014

There is no act three to the American horizontal oil boom

If you are looking for a reason to get bullish on future oil prices look no further. The chart below is one of the most bullish charts in the energy patch today. This chart tells us two critical things. First, it tells us that the horizontal oil boom is due almost entirely to only two plays, the... Monday, June 9, 2014

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