May 08, 2017 - EOG Resources collected its first profit in nearly two years in the first quarter, wringing money from a revived oil patch amid higher energy prices, the company said Monday. The Houston oil explorer pumped more oil than ever as it slashed the costs of bringing wells into production in Texas and North Dakota. Related: EOG Resources changing strategy to get more crude out of stubborn shale The company banked a $28.5 million profit, or 5 cents a share, in the first quarter, compared to a $471.8 million loss, or 86 cents a share, in the same period last year. It was EOG’s first profit since the second quarter of 2015. ...
Aug 25, 2017 - Out of the 835 companies that filed drilling permits in Texas during the first seven months of the year, Houston-based EOG Resources Inc. (NYSE: EOG) had the most.
In the Lone Star State, EOG filed 352 drilling permits between Jan. 1 and July 31, according to data from the Texas Railroad Commission. Search all permits filed during that time frame in the database below.
A subsidiary of The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) — Anadarko E&P Onshore LLC — was next with 325. They…
Aug 06, 2018 -
With oil and gas booming in West Texas' Permian Basin, the Midland region is facing shortage of labor, housing, schools, health care and much more.
But one key problem is the lack of daycare options for energy workers moving to West Texas with young families.
May 15, 2017 - Editor's Note: The South Texas Drilling Permit Roundup runs on-line on Mondays with an abbreviated version in our print issue on Fridays.
Located about an hour and a half southeast of San Antonio, DeWitt County is one of the sweet spots of the Eagle Ford Shale.
With more than 4.7 million barrels of crude oil produced there per month, DeWitt County ranks third for crude oil production across the Lone Star State, according to data from the Railroad Commission of Texas.
So far this year, seven companies…
May 23, 2017 - Houston-based EOG Resources Inc. (NYSE: EOG) has agreed to form a joint venture to develop some of its oil and gas assets in Oklahoma.
Its partner in the joint company will be The Carlyle Group LP (Nasdaq: CG), a Washington, D.C.-based private equity firm. Carlyle will contribute $400 million to fund the development, while EOG will contribute assets from its portfolio in Ellis County, Oklahoma, according to a Carlyle press release.
Carlyle's contribution will come from the Carlyle Energy Mezzanine…
Jun 28, 2017 - The current high valuations in the US market are not only restricted to FAANG stocks and the like, but also affect other sectors like the oil fracking industry.The fracking industry has consistently b
Mar 13, 2018 - Output from major shale oil regions will grow by 131,000 barrels a day in April, the Department of Energy predicts.
Jun 28, 2017 - A list of 78 transactions on Permian Basin land is compiled, with average price per acre estimated.After years of sporadic deals, a land grab started in mid-2016, judging from number of transactions a
Sep 06, 2017 - We give our forecast for where we think Permian, Bakken, and Eagle Ford oil production will be by 2020.Bakken oil production has already stagnated.Eagle Ford is where the overestimation is coming from
Mar 30, 2017 - EOG Resources (EOG +1%) is higher after UBS upgrades shares to Buy from Neutral with a $109 price target, raised from $106, saying sector share weakness brings an opportunity to buy quality at an att