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

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.

The chart shows a strong recovery of well permits from EOG since COVID. We also see a drilling recovery I expect to continue to improve in 2021.

EOG Well & Spud Permit Summary

Chart shows EOG well and drilling permits

Download EOG well permits since Sept 2020 to Jan 2021

EOG Current operations The reserves were 51% petroleum, 22% natural gas liquids, and 27% natural gas. In 2019, the company’s production averaged 818 thousand barrels of oil equivalent (5,000,000 GJ) per day, of which 94% was in the United States, 5% was in Trinidad and Tobago, and 1% was in other areas.

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