U.S. shale producer EOG Resources Inc anticipates its activity in the Permian Basin to be flat this year
EOG eyes flat Permian activity, tighter global oil supply in 2023

U.S. shale producer EOG Resources Inc anticipates its activity in the Permian Basin to be flat this year
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 of 460,400-468,400 b/d and 1,360-1,440 MMcfd for US natural gas. Capital expenditure of 1.25-1.45 billion is expected.
This week Pecan Pipeline Company, a wholly owned subsidiary of EOG Resources had a pipeline permit approved for a 41 mile in Webb and Duval Counties located in Texas.
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