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EOG Resources (NY: EOG)
102.45 USD  +1.44 (+1.43%)
Official Closing Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(EOG) Community Analysis from
April 18, 2014
(Jutia Group, 2/25/14)
[at Seeking Alpha] - Bill Thomas Thanks, Tim. 2013 was EOG's best year on record Over the course of 2013, EOG increased crude oil...(read more)
(Stock Blog Hub, 1/28/14)
EOG Resources, Inc. - (Reviewed 01/08/2014) EOG Resources, Inc. (NYSE: EOG) – Sell based on a recent price of $164.02 and a fair value estimate of $70-$83. The company is one of the largest...(read more)
by Jay Allen  In the following article, I will explain why investors interested in the E&P industry should consider adding EOG Resources (EOG) to their portfolio. EOG Resources is one of...(read more)
EOG Resources (EOG) Company Overview
EOG Resources Inc. (NYSE: EOG) is one of the largest independent natural gas producers in the United States. EOG’s reserves are primarily located in major basins within the United States, but the firm also has international operations in Canada, Trinidad, the United Kingdom, and the North Sea. [1]

With approximately 85% of its production in natural gas, EOG has responded to the depletion of conventional sources of this commodity by shifting its focus to unconventional deposits such as the Barnett Shale near Fort Worth, Texas. The difficult process of extracting gas from unconventional resources has only become economically feasible in recent years, and EOG has become highly efficient in these operations. In the Barnett Shale, it has reduced costs by cutting the time it takes to drill a well in half, and it plans to apply lessons learned at this unconventional field to other shale-based resources in the next two years.[2]

The Barnett Shale has become one of North America's "hot spots" for natural gas and EOG owns about 610,000 acres of this area. In general, EOG avoids pricey acquisitions and relies on its ability to develop existing operations in order to keep costs low. Although EOG’s competitors have generated more impressive production growth, EOG maintains one of the industry’s lowest-cost asset bases. The firm has also outlined plans to build its own gathering, processing, and transportation infrastructure for its resources in Texas and North Dakota, which will create vertical efficiencies and maximize margins in the long term.

(Read more at Wikinvest )

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