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EOG Resources Inc (EOG)

EOG on New York Consolidated

104.93USD
8 Dec 2016
Change (% chg)

$1.40 (+1.35%)
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Latest Key Developments (Source: Significant Developments)

EOG Resources plans to add drilling rigs to Yates acreage in 2017
Tuesday, 6 Sep 2016 12:24pm EDT 

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 07:04am EDT 

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
Thursday, 4 Aug 2016 04:15pm EDT 

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
Thursday, 14 Jul 2016 04:09pm EDT 

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 01:40pm EDT 

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

EOG Resources Inc declares quarterly dividend on common stock
Tuesday, 22 Sep 2015 04:02pm EDT 

EOG Resources Inc:Declared a dividend of $0.1675 per share on EOG's Common Stock.Says payable October 30 to stockholders of record date as of October 16.  Full Article

EOG Resources Inc reaffirms FY 2015 oil production guidance
Thursday, 6 Aug 2015 04:06pm EDT 

EOG Resources Inc:Maintains FY 2015 oil production guidance.  Full Article

EOG Resources Inc declares quarterly dividend
Friday, 1 May 2015 04:11pm EDT 

EOG Resources Inc:Declares dividend of $0.1675 per share common stock.Payable July 31, of record as of July 17.  Full Article

EOG Resources Inc declares dividend
Wednesday, 18 Feb 2015 05:09pm EST 

EOG Resources Inc:Declared dividend of $0.1675 per share on EOG's Common Stock.Payable April 30 to stockholders of record as of April 16.  Full Article

EOG Resources posts smaller quarterly loss

Oil producer EOG Resources Inc's loss in the third quarter was smaller than a year earlier the company took an impairment charge of more than $6 billion.