EOG Resources Inc (EOG.N)

EOG.N on New York Stock Exchange

16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

EOG Resources posts Q3 adj. earnings per share $0.19
Friday, 3 Nov 2017 

Nov 2 (Reuters) - EOG Resources Inc :EOG resources announces third quarter 2017 results; announces two new premium oil plays adding 800 net premium well locations and 750 mmboe estimated net resource potential.Q3 adjusted non-GAAP earnings per share $0.19.Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.17 including items.EOG Resources Inc - qtrly total net operating revenues $‍2.64​ billion versus $2.12 billion.EOG Resources Inc - ‍EOG grew Q3 total crude oil volumes 16 percent to 327,900 barrels of oil per day (BOPD)​.EOG Resources Inc - EOG now expects to complete approximately 505 net wells in 2017, an increase from its original outlook of 480 net wells‍​.EOG Resources Inc - production curtailments,completion delays due to hurricane Harvey reduced crude oil volumes about 15,000 BOPD during quarter‍​.EOG Resources Inc - expects to grow 2017 U.S. oil production 20 percent within discretionary cash flow including dividends.Q3 revenue view $2.59 billion -- Thomson Reuters I/B/E/S.  Full Article

Carlyle and EOG Resources announce $400 mln drilling partnership
Monday, 22 May 2017 

May 22 (Reuters) - Carlyle Group Lp :Carlyle and EOG Resources announce $400 million drilling partnership.as part of JV, Carlyle Energy Mezzanine Opportunities Fund II L.P. will fund up to $400 million for development program over four years.Says "after certain performance hurdles are achieved in the program, Carlyle's working interests will largely revert to EOG".  Full Article

EOG Resources plans to add drilling rigs to Yates acreage in 2017
Tuesday, 6 Sep 2016 

EOG Resources Inc : CEO Bill Thomas says will start drilling on new Yates acreage once deal closes in October . CEO says will add drilling rigs to Yates acreage in 2017 . Says will boost capex spending in Delaware basin in 2017 . Says will announce potential changes to 2016 capex in third quarter . Says took 'many months of negotiations' for Yates deal . Says plans to continue to operate within cash flow .Says no immediate need to drill and hold any part of Yates acreage by production.  Full Article

Eog Resources and Yates agree to combine in transaction valued at $2.5 billion
Tuesday, 6 Sep 2016 

Eog Resources Inc : Says EOG will issue 26.06 million shares of common stock valued at $2.3 billion and pay $37 million in cash for deal . Says EOG will assume and repay at closing $245 million of yates debt offset by $131 million of anticipated cash from yates . Says plans to commence drilling on Yates acreage in late 2016 with additional rigs added in 2017 . Says intends to maintain Yates' office in Artesia, N.M., to support newly combined operation .Says deal raises position in Permian basin and adjacent plays to 574,000 net acres.  Full Article

EOG Resources posts Q2 shr loss $0.53; keeps FY capex forecast
Friday, 5 Aug 2016 

EOG Resources Inc : Q2 adjusted non-gaap loss per share $0.38 . Q2 loss per share $0.53 . Raises 2016 u.s. Crude oil production guidance . Eog resources announces second quarter 2016 results; increases premium well inventory by 34% . Announces $425 million in proceeds from asset sales . Q2 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S . Sees q2 2016 loss per share $0.53 . Many of additional well completions are scheduled for late 2016 . Increase in production activity to be accomplished while maintaining 2016 capital expenditure guidance of $2.4 to $2.6 billion, excluding acquisitions . Eog resources inc says inventories at quarter end were $495.8 million versus $598.9 million at december 31, 2015 . Says increased its targeted number of well completions for 2016 from 270 to 350 net wells. . Says total debt outstanding was $7.0 billion at june 30, 2016 . Provides crude oil production growth outlook through 2020 . u.s. Crude oil volumes of 265,400 barrels of oil per day (bopd) in q2 2016 exceeded midpoint of company's guidance by 2 percent . Eog has increased its 2016 targeted number of well completions for 2016 from 270 to 350 net wells . Company expects to drill 250 net wells in 2016, 50 more than in its original 2016 plans . Eog resources inc says qtrly net operating revenues $1.78 billion versus. $2.47 billion last year.  Full Article

EOG Resources anticipates a non-cash net loss of $44.4 mln for Q2
Friday, 15 Jul 2016 

Eog Resources Inc : For q2 of 2016, EOG anticipates a non-cash net loss of $44.4 million on mark-to-market of its financial commodity derivative contracts .During q2 of 2016, net cash paid for settlements of financial commodity derivative contracts was $14.8 million.  Full Article

EOG Resources CEO says wants to spend within cash flow
Tuesday, 21 Jun 2016 

Eog Resources: CEO says "every time oil goes up $1, our cash flow goes up $80 million" - conference . CEO says "as oil goes to $50, we are generating a minimum return of 60 percent" - conference . CEO says "want to remain disciplined on spending, spend within cash flow" - conference . CEO says "we will also be selling off low margin, low growth properties" - conference . CEO says "don't mind paying competitive rates" to do bolt-on acquisitions - conference Further company coverage: [EOG.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

BRIEF-EOG Resources Sees Non-Cash Net Loss Of $45 Mln On Mark-To-Market Of Financial Commodity Derivative Contracts In Q4