EOG quarterly profit up, Eagle Ford output helps
May 6 (Reuters) - EOG Resources Inc reported a 53 percent increase in first-quarter earnings, as oil and gas output from the company's wells in the Eagle Ford formation in Texas helped push production higher.
EOG had a profit of $495 million, or $1.82 per share, compared with $324 million, or $1.20 per share in the same period a year earlier.
Oil and gas output rose 6 percent to 475,000 barrels oil equivalent (boe) per day. Crude oil production rose 33 percent, the Houston company said.