Multi-basin exploration and production firm EOG Resources Inc. in the third quarter made steady progress toward completing a natural gas pipeline that would transport Eagle Ford Shale supply to Gulf Coast markets. EOG completed construction on a natural gas treatment facility, as well as the first phase of a 36-inch-diameter natural gas pipeline from the…
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EOG Resources Strikes Upbeat Tune on Natural Gas, Oil Volumes
EOG Resources Inc., a multi-basin exploration and production firm, said its strong fourth quarter and full-year 2022 results were powered by robust natural gas and oil demand, price spikes and steady production activity. For the year, EOG said, the natural gas prices it fetched jumped 49% from a year earlier, while crude prices increased 42%.…
February 27, 2023
EOG Attributes ‘Growing Multi-Basin Portfolio’ to Sustainable Value Creation
EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said. The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…
November 16, 2022
EOG Expands into Utica Shale, Touts Global Natural Gas, Oil Pricing Exposure
EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said. The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…
November 8, 2022
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