EOG Resources, Inc. Company News

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Shale Drillers Show Restraint in Q1
Tuesday, May 18, 2021So far, shale explorers are passing the test.

How Can Smaller E&Ps Navigate the Biden Leasing Ban?
Wednesday, March 10, 2021Several informed market-watchers comment on challenges and opportunities for smaller operators.

What Could the Biden Order Mean for the Permian and State Waters?
Tuesday, March 09, 2021Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere.

Private Shale Firms Present Supply Wild Card
Monday, March 01, 2021The battered and bruised US shale industry is finding a resurgence in one of the most unlikely places.

Natural Gas Helps to Shrink Energy Poverty Gap
Friday, November 27, 2020A recent industry report finds that natural gas can help to mitigate energy poverty in the United States.

Oil Demand Could Get Boost from Metals Surge
Friday, July 10, 2020Check out this review of oil market hits and misses for the week ending July 10, 2020.

Agile but Slow US Shale Recovery Likely
Wednesday, July 01, 2020Firmer 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.

ConocoPhillips to Ramp Up Oil Production
Tuesday, June 30, 2020ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.

US Shale Has a Long Road to Recovery
Wednesday, June 24, 2020Some say the recent well reopenings will do little to bring new growth to an industry still being starved of cash by Wall Street.

Shale Oil Production Bouncing Back With Prices
Tuesday, June 02, 2020Early signs of a shale rebound are becoming evident as crude prices recover.

EOG Adjusts Budget to Weather Mid-$30 Oil
Tuesday, March 17, 2020The updated plan supports full-year 2020 oil production of 446,000 to 466,000 barrels of oil per day.

Is the US Shale Boom Really About to End?
Thursday, December 26, 2019While there is distress for some companies, the situation offers an opportunity for others.

EOG to Supply Gas to Cheniere Texas Facility
Tuesday, September 17, 2019Under the gas sales agreements, EOS will sell up to 440,000 MMBtu per day.

Is the US Shale Boom Winding Down?
Tuesday, August 06, 2019US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.

Texas Drillers Resort to Pumping Gas Down Wells
Friday, June 07, 2019Texas 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.

EOG Join Oil's $1 Billion-a-Quarter Club
Monday, November 12, 2018The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.

Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018The 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.

'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018Amelia 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.'

EOG Sees Permian Hydraulic Fracturing Work Slowing in 2nd Half
Friday, August 03, 2018Activity in the Permian Basin, which includes the Delaware, has outpaced pipeline takeaway capacity in recent months.

Oil Boom Bottleneck Costs Permian Investors $1B a Day
Thursday, June 07, 2018More 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.

'Netflix for Oil' Setting Stage for $1 Trillion Data Battle
Monday, March 19, 2018The 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.

Permian's Mammoth Cubes Herald Supersized Future for Shale
Thursday, February 22, 2018In the scrublands of West Texas there's an oil-drilling operation like few that have come before.

Texas' Austin Chalk Booms While Shale Plays Remain Mostly Dormant
Thursday, December 07, 2017New technology applications are breaking records in the Austin Chalk.

Buying Texas Oil at New Mexico Prices: Majors Go West for Shale
Tuesday, November 14, 2017Oil 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.

US Drillers Add No Oil Rigs as Harvey Slows Production - Baker Hughes
Friday, September 01, 2017The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said.

Shale Drillers Show Few Signs of Slowing as Profits Expand
Wednesday, August 02, 2017Four of the biggest US drillers said they're not backing away from lofty production targets for 2017.

EOG Resources Profit Disappoints, But Sticks By CAPEX
Tuesday, August 01, 2017EOG Resources Inc posted a lower-than-expected quarterly profit.

Kemp: US Shale Producers Are Drilling Themselves into a Hole
Friday, June 30, 2017Drilling and production are rising. Prices are declining.

Shale Drillers Are Outspending the World With $84 Billion Spree
Tuesday, May 09, 2017North American drillers plan to lift their 2017 outlays by 32% to $84 billion, compared with just 3% for international projects, according to Barclays.

Relief Arrives For US Shale Firms As OPEC Folds In Price Battle
Thursday, September 29, 2016It 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.

EOG Inks $2.5B Deal In Shift To Low-Cost Permian Shale
Tuesday, September 06, 2016EOG 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.

EOG Swings To 2Q Loss But Says To Ramp Up Well Fracking This Year
Thursday, August 04, 2016EOG Resources swings to a second-quarter net loss.

Depleted Crews, Idled Rigs Lie In Shale Oil's Path To Revival
Thursday, July 14, 2016Two 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.

Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Monday, May 16, 2016Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.

CEO: EOG Can Post 'Strong Returns' at $40 Oil
Friday, May 06, 2016EOG 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.

Goldman Says Oil at $35 Is 'Goldilocks' Ideal for US Explorers
Thursday, April 07, 2016Oil 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.

It'll Take More Than An Oil Rally To Restart Shale Boom
Thursday, February 11, 2016Explorers 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.

Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Monday, December 14, 2015Cash-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.

RBN Energy: 'Even At Yesterday's Prices, It’s Not Over Yet'
Friday, December 11, 2015Analysis of oil and gas drilling and production improvements in recent years demonstrate the industry can still make some money.

EOG Resources Profit Widely Beats Street On Cost Cuts
Thursday, November 05, 2015EOG Resources posts a better-than-expected profit as cost cuts and efficiency gains helped offset falling crude prices.

EOG Resources CEO Expects Oil Prices To Rise In 2016
Tuesday, September 08, 2015EOG Resources CEO Bill Thomas expects oil prices to rise next year, telling a group of analysts that he is "excited about 2016."

EOG Profit Beats Street As Cost Cuts Offset Drop In Oil Prices
Thursday, August 06, 2015EOG Resources reports a better-than-expected adjusted quarterly profit as it successfully slashes well and transportation costs to offset plunging crude prices.

US Shale Oil Firms Say Refracking Not The Best Path In Downturn
Tuesday, May 05, 2015Refracking 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.

EOG Resources To Resume Fracking If Oil Hits $65/Barrel
Monday, May 04, 2015EOG Resources posts a better-than-expected adjusted profit as hedges and cost cuts helped offset low oil prices.

US Shale Leader EOG Resources Confidence No Match For Cheap Oil
Thursday, February 19, 2015One of the leaders of the U.S. shale revolution, EOG Resources, is humbled by plunging oil prices.

EOG Resources Quarterly Profit Jumps 7%
Tuesday, August 05, 2014EOG Resources says its quarterly profit rose 7% from the year-ago period due to a jump in oil production in Texas and North Dakota.

EOG Production Up In 1Q; Company Adds Four New Plays for 2014
Friday, May 09, 2014EOG Resources' US production in 1Q was up 45%, and the company added four new plays in 2014.

Explosion, Rig Fire in Eagle Ford Shale East of San Antonio
Thursday, August 29, 2013A rig explosion and fire occurred Wednesday evening in South Texas, says rig operator EOG.

Study: Total Eagle Ford CAPEX to Reach $28 billion in 2013
Thursday, December 06, 2012The 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.

EOG, Chesapeake Marcellus Operations Largely Unaffected by Sandy
Wednesday, October 31, 2012Two exploration and production companies report that their operations in Pennsylvania's Marcellus shale were largely unaffected by Hurricane Sandy.