EOG quarterly profit up, Eagle Ford output helps

Mon May 6, 2013 5:32pm EDT

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.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.