EOG Resources, Inc. Company News

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Shale Drillers Show Restraint in Q1
So far, shale explorers are passing the test.
8:00 PM EST | May 17, 2021
How Can Smaller E&Ps Navigate the Biden Leasing Ban?
Several informed market-watchers comment on challenges and opportunities for smaller operators.
7:00 PM EST | March 09, 2021
What Could the Biden Order Mean for the Permian and State Waters?
Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere.
7:00 PM EST | March 08, 2021
Private Shale Firms Present Supply Wild Card
The battered and bruised US shale industry is finding a resurgence in one of the most unlikely places.
7:00 PM EST | February 28, 2021
Natural Gas Helps to Shrink Energy Poverty Gap
A recent industry report finds that natural gas can help to mitigate energy poverty in the United States.
7:00 PM EST | November 26, 2020
Oil Demand Could Get Boost from Metals Surge
Check out this review of oil market hits and misses for the week ending July 10, 2020.
8:00 PM EST | July 09, 2020
Agile but Slow US Shale Recovery Likely
Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
8:00 PM EST | June 30, 2020
ConocoPhillips to Ramp Up Oil Production
ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.
8:00 PM EST | June 29, 2020
US Shale Has a Long Road to Recovery
Some say the recent well reopenings will do little to bring new growth to an industry still being starved of cash by Wall Street.
8:00 PM EST | June 23, 2020
Shale Oil Production Bouncing Back With Prices
Early signs of a shale rebound are becoming evident as crude prices recover.
8:00 PM EST | June 01, 2020
EOG Adjusts Budget to Weather Mid-$30 Oil
The updated plan supports full-year 2020 oil production of 446,000 to 466,000 barrels of oil per day.
8:00 PM EST | March 16, 2020
Is the US Shale Boom Really About to End?
While there is distress for some companies, the situation offers an opportunity for others.
7:00 PM EST | December 25, 2019
EOG to Supply Gas to Cheniere Texas Facility
Under the gas sales agreements, EOS will sell up to 440,000 MMBtu per day.
8:00 PM EST | September 16, 2019
Is the US Shale Boom Winding Down?
US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.
8:00 PM EST | August 05, 2019
Texas Drillers Resort to Pumping Gas Down Wells
Texas drillers may have found a solution to the stubborn natural gas glut that's forced them to either burn it off into the air, or pay others to take it away.
8:00 PM EST | June 06, 2019
EOG Join Oil's $1 Billion-a-Quarter Club
The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.
7:00 PM EST | November 11, 2018
Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.
8:00 PM EST | September 06, 2018
'New Player' Enters Louisiana Austin Chalk
Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'
8:00 PM EST | August 12, 2018
EOG Sees Permian Hydraulic Fracturing Work Slowing in 2nd Half
Activity in the Permian Basin, which includes the Delaware, has outpaced pipeline takeaway capacity in recent months.
8:00 PM EST | August 02, 2018
Oil Boom Bottleneck Costs Permian Investors $1B a Day
More than $1B a day. That's how much value a Permian pipeline crunch wiped out from the explorers most focused on the booming shale region in two weeks.
8:00 PM EST | June 06, 2018
'Netflix for Oil' Setting Stage for $1 Trillion Data Battle
The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable.
8:00 PM EST | March 18, 2018
Permian's Mammoth Cubes Herald Supersized Future for Shale
In the scrublands of West Texas there's an oil-drilling operation like few that have come before.
7:00 PM EST | February 21, 2018
Texas' Austin Chalk Booms While Shale Plays Remain Mostly Dormant
New technology applications are breaking records in the Austin Chalk.
7:00 PM EST | December 06, 2017
Buying Texas Oil at New Mexico Prices: Majors Go West for Shale
Oil producers discouraged by the rising cost of accessing the vast deposits of the Permian Basin are sneaking into a geological back door, through neighboring New Mexico.
7:00 PM EST | November 13, 2017
US Drillers Add No Oil Rigs as Harvey Slows Production - Baker Hughes
The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said.
8:00 PM EST | August 31, 2017
Shale Drillers Show Few Signs of Slowing as Profits Expand
Four of the biggest US drillers said they're not backing away from lofty production targets for 2017.
8:00 PM EST | August 01, 2017
EOG Resources Profit Disappoints, But Sticks By CAPEX
EOG Resources Inc posted a lower-than-expected quarterly profit.
8:00 PM EST | July 31, 2017
Kemp: US Shale Producers Are Drilling Themselves into a Hole
Drilling and production are rising. Prices are declining.
8:00 PM EST | June 29, 2017
Shale Drillers Are Outspending the World With $84 Billion Spree
North American drillers plan to lift their 2017 outlays by 32% to $84 billion, compared with just 3% for international projects, according to Barclays.
8:00 PM EST | May 08, 2017
Relief Arrives For US Shale Firms As OPEC Folds In Price Battle
It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production in a move that lifted low prices ravaging their budgets.
8:00 PM EST | September 28, 2016
EOG Inks $2.5B Deal In Shift To Low-Cost Permian Shale
EOG Resources says it would buy privately held Yates and some of its subsidiaries and other entities in a deal valued at $2.5 billion to boost its assets in the Permian and Powder River basins.
8:00 PM EST | September 05, 2016
EOG Swings To 2Q Loss But Says To Ramp Up Well Fracking This Year
EOG Resources swings to a second-quarter net loss.
8:00 PM EST | August 03, 2016
Depleted Crews, Idled Rigs Lie In Shale Oil's Path To Revival
Two years ago, Reg MacDonald's 20-day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. Now he is lucky if he gets half a dozen to enroll.
8:00 PM EST | July 13, 2016
Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.
8:00 PM EST | May 15, 2016
CEO: EOG Can Post 'Strong Returns' at $40 Oil
EOG Resources has the ability to post strong returns with oil prices around $40 a barrel, and would post triple-digit returns should prices spike to $60, Chairman and Chief Executive Bill Thomas told investors on Friday.
8:00 PM EST | May 05, 2016
Goldman Says Oil at $35 Is 'Goldilocks' Ideal for US Explorers
Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs Group Inc.
8:00 PM EST | April 06, 2016
It'll Take More Than An Oil Rally To Restart Shale Boom
Explorers in US oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.
7:00 PM EST | February 10, 2016
Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover.
7:00 PM EST | December 13, 2015
RBN Energy: 'Even At Yesterday's Prices, It’s Not Over Yet'
Analysis of oil and gas drilling and production improvements in recent years demonstrate the industry can still make some money.
7:00 PM EST | December 10, 2015
EOG Resources Profit Widely Beats Street On Cost Cuts
EOG Resources posts a better-than-expected profit as cost cuts and efficiency gains helped offset falling crude prices.
7:00 PM EST | November 04, 2015
EOG Resources CEO Expects Oil Prices To Rise In 2016
EOG Resources CEO Bill Thomas expects oil prices to rise next year, telling a group of analysts that he is "excited about 2016."
8:00 PM EST | September 07, 2015
EOG Profit Beats Street As Cost Cuts Offset Drop In Oil Prices
EOG Resources reports a better-than-expected adjusted quarterly profit as it successfully slashes well and transportation costs to offset plunging crude prices.
8:00 PM EST | August 05, 2015
US Shale Oil Firms Say Refracking Not The Best Path In Downturn
Refracking is still too unpredictable to rely on as a way to slash costs and increase output during the oil price slump, top US shale oil executives say.
8:00 PM EST | May 04, 2015
EOG Resources To Resume Fracking If Oil Hits $65/Barrel
EOG Resources posts a better-than-expected adjusted profit as hedges and cost cuts helped offset low oil prices.
8:00 PM EST | May 03, 2015
US Shale Leader EOG Resources Confidence No Match For Cheap Oil
One of the leaders of the U.S. shale revolution, EOG Resources, is humbled by plunging oil prices.
7:00 PM EST | February 18, 2015
EOG Resources Quarterly Profit Jumps 7%
EOG Resources says its quarterly profit rose 7% from the year-ago period due to a jump in oil production in Texas and North Dakota.
8:00 PM EST | August 04, 2014
EOG Production Up In 1Q; Company Adds Four New Plays for 2014
EOG Resources' US production in 1Q was up 45%, and the company added four new plays in 2014.
8:00 PM EST | May 08, 2014
Explosion, Rig Fire in Eagle Ford Shale East of San Antonio
A rig explosion and fire occurred Wednesday evening in South Texas, says rig operator EOG.
8:00 PM EST | August 28, 2013
Study: Total Eagle Ford CAPEX to Reach $28 billion in 2013
The Eagle Ford Shale continues to hold enormous value, especially for companies that own premium acreage and are well-positioned in the play according to a recent analysis by Wood Mackenzie.
7:00 PM EST | December 05, 2012
EOG, Chesapeake Marcellus Operations Largely Unaffected by Sandy
Two exploration and production companies report that their operations in Pennsylvania's Marcellus shale were largely unaffected by Hurricane Sandy.
8:00 PM EST | October 30, 2012