EOG 2023 Capital Program

EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. The company is ranked 186th on the Fortune 500 and 337th on the Forbes Global 2000. EOG Resources, Inc., ranks #2 in wells drilled in 2022 with 471 wells drilled in the Mid Continent of the US and ranks #11 in air permits approved in 2022 with 40 permits in Texas.

2023 Capital Program
Total expenditures for 2023 are expected to range from $5.8 to $6.2 billion, including exploration and development drilling, facilities, leasehold acquisitions, capitalized interest, other property, plant and equipment, and excluding property acquisitions, asset retirement costs and non-cash exchanges. The capital program also excludes certain exploration costs incurred as operating expenses.

The disciplined capital program is allocated across EOG’s high-return, multi-basin drilling portfolio. It is anchored by steady development in the Delaware Basin, with increased activity focused on the Eagle Ford and on EOG’s emerging premium plays – the Powder River Basin, South Texas Dorado and Ohio Utica Shale.

About $4.4 billion of the capital program is allocated to EOG’s existing and emerging premium areas. The capital program also funds investment in international plays, high-potential exploration and environmental and infrastructure projects.