EOG Resources Inc
(NYSE: EOG)
135.02
+1.69
+1.27%
+1.69
+1.27%
MORE ON EOG
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | EOG Resources |
| Industry: | Oil & Gas E&P |
| Employees: | 2,650 |
DESCRIPTION
| EEOG Resources, Inc. is a Delaware corporation organized in 1985. The Company together with its subsidiaries explores for, develops, produces and markets natural gas and crude oil mainly in major producing basins in the United States of America, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom. EOG focuses on the cost-effective utilization of advances in technology associated with the gathering, processing and interpretation of three-dimensional seismic data, the development of reservoir simulation models, the use of new and/or improved drill bits, mud motors and mud additives, horizontal drilling, formation logging techniques and reservoir stimulation/completion methods. These advanced technologies are used, as appropriate, throughout EOG to reduce the risks associated with all aspects of oil and gas exploration, development and exploitation. EOG's operations are all natural gas and crude oil exploration and production related. EOG's operations are focused on most of the productive basins in the United States and Canada. EOG has operations in Trinidad, the United Kingdom North Sea and East Irish Sea and the China Sichuan Basin, and is evaluating additional exploration, development and exploitation opportunities in those and other international areas. In 2011, EOG's United States and Canada wellhead natural gas production was sold on the spot market and under long-term natural gas contracts based on prevailing market prices. EOG competes with major integrated oil and gas companies and other independent oil and gas companies for the acquisition of licenses and leases, properties and reserves and the equipment, materials, services and employees and other personnel required to explore for, develop, produce and market natural gas and crude oil. Natural gas and crude oil production operations are subject to various types of regulation, including regulation in the United States by state and federal agencies. |
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