EOG 1Q Profits Surge, with Plans to Run 39 Rigs in 2018

EOG Resources Inc., whose focus is spread across the Midcontinent, Rockies, Permian Basin and the Eagle Ford Shale, reported a surge in profits and revenues during the first quarter, while making progress on its plans to boost oil production by 16-20%, increase free cash flow by more than $1.5 billion, and reduce well costs and operating expenses. Read More

BLM to Prepare ANWR EIS for Potential Oil, Natural Gas Development

Kicking off what is expected to be a long and arduous process, the Department of Interior's (DOI) Bureau of Land Management (BLM) on Friday launched a comment period and said it plans to prepare an environmental impact statement (EIS) to support future oil and natural gas leasing within a portion of the Arctic National Wildlife Refuge (ANWR). Read More