About EOG Resources
EOG Resources, Inc. is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the US, Canada, Trinidad, the United Kingdom and China. The company is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.”
At the end of 2012, EOG’s total estimated net proved reserves were 1,811 million barrels of oil equivalent (MMBoe). Approximately 92% of these reserves were located in the US, 6% were in Trinidad and 2% were in Canada. Total company net proved liquids reserves increased 37 percent, year-over-year, and comprised 56 percent of the company’s total net proved reserves at year-end.
EOG employs approximately 2,650 people
Resulting from ongoing refinements in completion techniques, EOG’s South Texas Eagle Ford crude oil asset continues to surpass expectations ending the second quarter of 2013 with production averaging 173,000 barrels of oil equivalent per day, net. During the second quarter, more than one third of the Eagle Ford wells were drilled in the western part of the play generating production volumes and rates of return similar to many wells in the eastern part of the play.
Based on the success of its current downspacing programs, EOG increased its drilling inventory in the Bakken from seven to 12 years.
Project Experience Includes:
In February, EOG announced a new shale play on the Texas side of the Delaware Basin. EOG has completed four horizontal Wolfcamp wells on its 114,000 net acre position.
Based on the geologic characteristics of the formation and the potential to drill multiple laterals combined with data from over 200 previously drilled vertical wells on EOG’s acreage, estimated net potential reserves are approximately 800 million barrels of oil equivalent, a mix of crude oil and liquids-rich natural gas.
Total potential reserves on EOG’s Delaware Basin horizontal Wolfcamp and Leonard Shale plays combined are estimated to be 1.35 billion barrels of oil equivalent, net.