EOG Resources had a successful first quarter in 2024, reporting $1.6 billion in adjusted net income and generating $1.2 billion in free cash flow.
EOG Q1/2024 Results – plan to drill 50 Permian wells with three-mile laterals
EOG Resources to invest $4.2 billion in drilling, exploration operations in 2024
Total expenditures for 2024 are expected to range from $6.0 to $6.4 billion, including exploration and development drilling, facilities, leasehold acquisitions, capitalized interest, dry hole costs, and other property, plant and equipment, and excluding property acquisitions, asset retirement costs and non-cash exchanges and transactions. The capital program also excludes certain exploration costs incurred as operating expenses.
EOG Resources Reports Fourth Quarter and Full-Year 2023 Results; Announces 2024 Capital Plan
Total expenditures for 2024 are expected to range from $6.0 to $6.4 billion, including exploration and development drilling, facilities, leasehold acquisitions, capitalized interest, dry hole costs, and other property, plant and equipment, and excluding property acquisitions, asset retirement costs and non-cash exchanges and transactions.
EOG to keep capital spending, production in line with 2023
EOG Resources Inc., Houston, will this year keep its capital spending in line with 2023’s roughly $6 billion as it prioritizes returns over production volumes, president Lloyd “Billy” Helms Jr. said Jan. 4.
Eog Resources – Ohio
EOG Resources, Inc. has been a significant player in the development of the Utica and Marcellus shale formations located in Ohio, which are rich in natural gas and liquids.
Eog Resources – Wyoming (Powder River)
EOG Resources is one of the largest producers in the Powder River Basin (Wyoming). The company made what discoveries in Campbell & Laramie Counties.
Eog Resources – North Dakota (Bakken)
EOG Resources is one of the largest producers in the Bakken Shale. The company made what still stands as the most prolific discover in the play when it explored the Parshall Field in Mountrail County, ND, in 2006.
Eog Resources – Oklahoma (Anadarko Basin)
EOG Resources, Inc. is developing well on Oklahoma in the anadarko basin with a focus in Mcclain, Lipscomb, Grady, Ellis, Ochiltree, Hemphill, Caddo, Roger mills, Woods, Woodward, Alfalfa and Garfield counties.
Eog Resources – Delaware Basin (NM,TX)
EOG operations in the Delaware Basin of southeast New Mexico and west Texas provide both oil and natural gas production from its core acreage position.
Eog Resources – Eagle Ford
EOG Resources has been actively involved in the Eagle Ford play. EOG, like other energy companies, has been utilizing advanced drilling and production technologies, such as hydraulic fracturing (fracking), to extract hydrocarbons from the shale formation.
