In EOG’s Q1 2026 earnings call, the company made several specific comments about the Eagle Ford and South Texas operations:
Key Eagle Ford / South Texas Highlights
1. EOG completed a strategic Eagle Ford acquisition
- CEO Ezra Yacob noted that EOG strengthened its portfolio through the Encino acquisition and also completed a strategic bolt-on acquisition in the Eagle Ford.
2. Capital is shifting toward oil-weighted assets
- EOG is reducing some gas-focused activity (such as Dorado) and reallocating capital toward its core oil plays. This benefits oil-rich areas like the Eagle Ford. The company increased 2026 oil production guidance while keeping capital spending flat.
3. Eagle Ford drilling efficiency improved significantly
- COO Jeff Leitzell stated that drilled feet per day in the Eagle Ford increased 12% in Q1 2026 versus the 2025 average, reflecting continued operational improvements.
4. EOG is extending lateral lengths in the Eagle Ford
- The company is focusing on 3- to 4-mile laterals in the Eagle Ford, similar to its approach in the Utica, to improve capital efficiency and reduce surface footprint.
5. Completion efficiency improved
- Eagle Ford completed feet per day increased 12% during Q1 2026, making it one of EOG’s best-performing foundational assets from an operational efficiency standpoint.
6. Western Eagle Ford wells are outperforming with larger frac designs
- EOG specifically said its Western Eagle Ford wells are benefiting from larger frac job designs, and the company is seeing positive performance results from those completion changes.
7. South Texas export advantage
- EOG highlighted that it has access to 250,000 barrels per day of export capacity out of Corpus Christi, allowing it to market crude internationally and capture Brent-linked pricing when advantageous. This provides a significant marketing advantage for South Texas production.
Overall Takeaway
The tone around the Eagle Ford and South Texas was very positive. EOG views the Eagle Ford as a core oil asset where it is:
- Adding acreage through acquisitions,
- Redirecting capital from gas to oil opportunities,
- Improving drilling and completion efficiency,
- Extending lateral lengths,
- Enhancing well performance with larger frac designs, and
- Leveraging Corpus Christi export access to improve realized pricing.
EOG Eagle Ford Wells Drilled in 2026
Total Wells Drilled
58 wells
Wells by Eagle Ford Area
I grouped the counties as follows:
Western Eagle Ford
- Webb
- La Salle
- McMullen
- Frio
South Eagle Ford
- Atascosa
- Karnes
- Gonzales
- Lavaca
| Area | Wells |
|---|---|
| Western Eagle Ford | 37 |
| South Eagle Ford | 21 |
| Other Eagle Ford | 0 |
| Total | 58 |
Wells by County
| County | Wells |
|---|---|
| Webb | 19 |
| McMullen | 14 |
| Atascosa | 10 |
| Gonzales | 5 |
| Lavaca | 5 |
| La Salle | 3 |
| Karnes | 1 |
| Frio | 1 |
| Total | 58 |
Wells by Contractor & Rig
| Contractor & Rig | Wells |
|---|---|
| H&P 263 | 14 |
| H&P 254 | 12 |
| Nabors 1205 | 9 |
| H&P 247 | 9 |
| Nabors 1209 | 7 |
| Nabors 1207 | 7 |
| Total | 58 |
Contractor & Rig by Eagle Ford Area
| Contractor & Rig | Western EF | South EF | Total |
|---|---|---|---|
| H&P 263 | 12 | 2 | 14 |
| H&P 254 | 10 | 2 | 12 |
| H&P 247 | 9 | 0 | 9 |
| Nabors 1205 | 0 | 9 | 9 |
| Nabors 1209 | 2 | 5 | 7 |
| Nabors 1207 | 4 | 3 | 7 |
| Total | 37 | 21 | 58 |
Key Takeaways
- Western Eagle Ford accounted for 64% of all EOG wells drilled (37 of 58).
- Webb County was the most active county with 19 wells, followed by McMullen County with 14 wells.
- H&P rigs dominated Western Eagle Ford activity, drilling 31 of the 37 wells.
- Nabors 1205 was concentrated entirely in the South Eagle Ford, drilling 9 wells.
- The most active rig overall was H&P 263 with 14 wells drilled.
Author: phinds