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EOG Resources Inc (EOG)

EOG on New York Consolidated

93.00USD
27 Apr 2017
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Latest Key Developments (Source: Significant Developments)

EOG Resources expects Q1 non-cash net gain related to derivative contracts
Thursday, 20 Apr 2017 04:50pm EDT 

April 20 (Reuters) - EOG Resources Inc :EOG Resources - for Q1 of 2017, EOG anticipates a non-cash net gain of $62.0 million on mark-to-market of its financial commodity derivative contracts.Says during Q1 of 2017, net cash received from settlements of financial commodity derivative contracts was $1.9 million.  Full Article

EOG Resources reports Q4 loss per share $0.25
Monday, 27 Feb 2017 04:20pm EST 

EOG Resources Inc : EOG Resources reports fourth quarter and full year 2016 results and announces 2017 capital program . Q4 adjusted non-GAAP loss per share $0.01 . Q4 loss per share $0.25 . Q4 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S . EOG Resources Inc says targets 18 percent crude oil production growth for 2017 within cash flow at flat $50 oil . Capital expenditures for 2017 are expected to range from $3.7 to $4.1 billion . EOG Resources Inc says forecasts flat to lower well costs in 2017 . EOG Resources -For period Jan 1 through June 30, 2017, has crude oil financial price swap contracts in place for 35,000 bopd at weighted average price of $50.04/barrel . EOG Resources Inc qtrly net operating revenues $ 2,402.0 million versus $ 1,796.8 million .Q4 revenue view $2.22 billion -- Thomson Reuters I/B/E/S.  Full Article

EOG resources anticipates a non-cash net loss of $65.8 mln for Q4 2016
Thursday, 26 Jan 2017 04:28pm EST 

EOG Resources Inc - :For Q4 of 2016, anticipates a non-cash net loss of $65.8 million on mark-to-market of its financial commodity derivative contracts.  Full Article

Franklin Street Properties announces acquisition of Dominion towers
Friday, 2 Dec 2016 08:30am EST 

Franklin Street Properties Corp - : Announces acquisition of dominion towers in downtown denver, colorado . Announces acquisition of dominion towers in downtown denver, colorado . Gross purchase price of property was approximately $154 million, . Funded acquisition with proceeds of $150 million unsecured, two-year bridge loan, with balance paid from existing cash on hand .No debt secured by property was assumed in connection with acquisition of property.  Full Article

EOG Resources announces third quarter 2016 results
Thursday, 3 Nov 2016 04:01pm EDT 

EOG Resources Inc : Raises 2016 U.S. Crude oil production guidance . EOG Resources Inc - Increases 2020 crude oil production CAGR outlook to 15 to 25 percent . EOG Resources Inc - Increases 2020 crude oil production CAGR outlook to 15 to 25 percent . Updates year-to-date proceeds from asset sales to $625 million . EOG Resources Inc - For 2016, EOG is increasing its capital spending guidance range by $200 million to $2.6 to $2.8 billion, excluding acquisitions . Increased delaware basin leonard net resource potential from 0.6 BnBoe to 1.7 BnBoe and net well locations from 1,600 to 1,800 . U.S. Crude oil volumes of 275,700 barrels of oil per day (Bopd) in Q3 2016 . EOG Resources Inc - U.S. Crude oil volumes of 275,700 barrels of oil per day (Bopd) in Q3 2016 exceeded midpoint of company's guidance by 3 percent . EOG Resources Inc - Well completions now targeted to increase from initial plan of 270 and prior revised forecast of 350 to 450 net wells in 2016 . EOG Resources Inc - Company now expects to drill 290 net wells, 40 more than its prior forecast and 90 more than its original 2016 plans . EOG Resources Inc qtrly U.S. Crude oil volumes of 275,700 barrels of oil per day in Q3 2016 exceeded midpoint of company's guidance by 3 percent . EOG Resources Inc - At September 30, 2016, EOG's total debt outstanding was $7.0 billion with a debt-to-total capitalization ratio of 37 percent.  Full Article

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

More From Around the Web

BRIEF-EOG Resources expects Q1 non-cash net gain related to derivative contracts

* EOG Resources - for Q1 of 2017, EOG anticipates a non-cash net gain of $62.0 million on mark-to-market of its financial commodity derivative contracts