Eog Resources, Inc.

About

EOG Resources, Inc. engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.

EOG Resources, Inc., ranks #2 in wells drilled in 2022 with 448 and averaged 29 drilling rigs. EOG Resources, Inc, ranks #20 in Texas air permits approved with 23 in 2022.

EOG Well Permits & Wells Spud

EOF Permit Report Download

EOG Wells Drills Last 2 Years

EOG Air Permits

EOG 2022 Capital Plan

  • Capital plan of $4.3 to $4.7 billion returns oil production to pre-pandemic levels, maintains flat well costs, lowers per-unit cash costs and funds investments to further improve the business
  • Cash from operations before working capital funds capital plan at $32 WTI
  • Total expenditures for 2022 are expected to range from $4.3 to $4.7 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 focused on high-return investment in EOG’s double-premium drilling inventory and returns oil production back to pre-pandemic levels of 455,000 to 467,000 Bopd.
  • Approximately $3 billion of the capital program is allocated to investment in EOG’s existing premium areas. The capital program also funds investment in international plays, high-potential exploration drilling across multiple prospects and investment in various cost-reduction, infrastructure and environmental projects. The total capital program can be funded from cash flow provided by operating activities before changes in working capital at a $32 WTI oil price. EOG plans to complete 570 net wells in 2022 compared with 519 net wells in 2021, including an additional 20 net wells in the Dorado natural gas play and 10 additional net wells in new high potential exploration prospects.

EOG Drilling Rigs (Texas & New Mexico) 2022

EOG Areas of Operation (Access Map)

EOG News

EOG Resources Reports Third Quarter 2022 Results

EOG Resources Reports Third Quarter 2022 Results

For fourth-quarter 2022, EOG expects total crude oil equivalent volumes of 900,000-936,700 boe/d with US crude oil and condensate volumes ...
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EOG Resources 41 Mile Verde Pipeline to Support  Dorado Play

EOG Resources 41 Mile Verde Pipeline to Support Dorado Play

This week Pecan Pipeline Company, a wholly owned subsidiary of EOG Resources had a pipeline permit approved for a 41 ...
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EOG Resources Reports First Quarter 2022 Results

EOG Resources Reports First Quarter 2022 Results

EOG Resources, Inc. (EOG) today reported first quarter 2022 results. OG Resources, Inc. (NYSE: EOG) is one of the largest ...
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EOG Resources list of target wells drilled with 60% rate of economic return in 2021

EOG Resources list of target wells drilled with 60% rate of economic return in 2021

EOG Resources Inc. unveiled an upgraded strategy for its drilling inventory on Feb. 26, saying it plans to chase wells ...
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Eog Resources, Inc.

Eog Resources, Inc.

EOG Resources, Inc., ranks #2 in wells drilled in 2022 with 448 and averaged 29 drilling rigs. EOG Resources, Inc, ...
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EOG Resources 2021 Update

EOG Resources 2021 Update

EOG expects to spend $3.7 billion-$4.1 billion this year to maintain oil production at 440,000 boe/d and complete approximately 500 ...
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Eog Resources, Inc. First Quarter 2021 Update

Eog Resources, Inc. First Quarter 2021 Update

EOG Resources First Quarter 2021 Generated $1.1 billion of free cash flow, incurred $945 million of cash capital expenditures and ...
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EOG Resources Oil Production Growth Strategy 2021

EOG Resources Oil Production Growth Strategy 2021

EP Energy 2021 budget GUIDANCE $370 million and reported production of 51,000 barrels of oil equivalent (BOE) per day ...
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EOG Resources 2021 GUIDANCE

EOG Resources 2021 GUIDANCE

EOG capital plan of $3.7 to $4.1 billion plan maintains 2021 crude oil volumes of 434,000 to 446,000 Bopd, approximately ...
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Mid Con (TX,OK,LA,NM) Wells Spud (drilled) Last 30 Days - download report

Mid Con (TX,OK,LA,NM) Wells Spud (drilled) Last 30 Days – download report

147 Oil & Gas Operators that spud (drilled) 681 wells in Texas, Louisiana, New Mexico & Oklahoma last 30 days ...
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Chart shows EOG well and drilling permits

EOG Well Permit Recovery – drilling should be next – get well permits

chart shows a strong recovery of well permits from EOD since COVID. We also see a drilling recovery I expect ...
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