EOG Resources Inc (EOG) is an independent upstream oil and gas company. The company, along with its subsidiaries, explores for, develops, and produces crude oil and natural gas. EOG Resources, Inc., ranks #2 in wells drilled in 2022 with 471 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
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EOG Well Drilled 2023
EOG Rig Count July 2023
Oil & Gas Operators in the Permian Basin
List of Operators active in the Permian Basin
Completions Contacts
List of contacts related to Completions in the Permian Basin
Second Quarter Highlights
- Earned adjusted net income of $1.5 billion, or $2.49 per share
- Generated $1.0 billion of free cash flow
- Declared regular quarterly dividend of $0.825 per share
- Repurchased $300 million of shares during the second quarter
- Oil, NGL, and natural gas production above guidance midpoints
- Capital expenditures, per-unit cash operating costs, and per-unit DD&A below guidance midpoints
From Ezra Yacob, Chairman and Chief Executive Officer
“EOG delivered another quarter of exceptional operating performance with production volumes, capital expenditures, and cash operating costs all better than expected. Results through the first half of the year reflect consistent operating execution across our multi-basin portfolio to lower costs and generate free cash flow.
“EOG remains committed to returning cash to our shareholders. We paid our peer-leading regular dividend and repurchased shares with strong free cash flow during the quarter. To date, we have already committed to returning more than 60% of expected free cash flow in 2023 to shareholders, with the potential to return additional cash over the balance of the year.
“Along with strong performance in the Delaware Basin and Eagle Ford, we are pleased by the outstanding progress across our emerging plays. The South Texas Dorado, Southern Powder River Basin, and Ohio Utica Combo are achieving significant operational improvements, driving lower costs and supporting higher returns. EOG is performing better than ever, with the benefits of our multi-basin portfolio providing a clear runway to drive further improvements and value for our shareholders.”
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