EOG Resources, Inc. (EOG) today reported first quarter 2022 results. OG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. Download EOD well & air permits.
EOG Resources Inc. unveiled an upgraded strategy for its drilling inventory on Feb. 26, saying it plans to chase wells that deliver at least a 60% economic rate of return — double the threshold for wells in the past.
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 expects to spend $3.7 billion-$4.1 billion this year to maintain oil production at 440,000 boe/d and complete approximately 500 net wells as it continues to increase shareholder value and returns with a focus on wells that generate a 60% rate of return at $40 oil in 2021
EOG Resources First Quarter 2021 Generated $1.1 billion of free cash flow, incurred $945 million of cash capital expenditures and operated 19 drilling rigs
