How Will EOG Resources’ Production Trend Over The Next Few Years?
EOG Resources (NYSE:EOG), the independent exploration and production (E&P) company, is one of the few oil and gas producers who have managed to more than double their production over the last five years. Moreover, the company has remained resilient even in the current commodity downturn that has pushed many of the US oil and gas companies out of business over the last two years. The primary reason behind this is the high quality assets that the company owns, particularly in Eagle Ford, Bakken, and Delaware Basin.
EOG’s Inventory of Crude Oil Assets
Source: EOG 1Q’16 Presentation
Over the years, EOG’s inventory of crude oil assets has grown both in terms of quality as well as magnitude. Given the higher exposure to the rich oil plays, the Houston-based company’s production-mix is now skewed towards crude oil, as opposed to natural gas, which dominated its mix five years back. We expect this trend to continue over the next five years, as the company will work towards optimizing its oil producing assets.
Have more questions about EOG Resources (NYSE:EOG)? See the links below:
- Why Are EOG Resources’ Crude Oil Operations More Important Than Its Natural Gas Operations?
- How Will EOG Resources’ Revenue Move If Crude Oil Prices Rebound To $100 Per Barrel By 2018?
- How Will EOG Resources’ Revenue Move If Crude Oil Prices Average At $50 Per Barrel Till 2018?
- How Will EOG Resources’ Revenue And EBITDA Grow Over The Next Five Years?
- How Has EOG Resources’ Revenue And EBITDA Changed Over The Last Five Years?
- What Will Be EOG Resources’ Revenue And EBITDA Composition In 2016?
- What Is EOG Resources’ Fundamental Value Based On 2016 Estimated Numbers?
- Why Is China A Key Factor In Determining Crude Oil Prices?
- EOG Resources Posted Weak 1Q’16 Results Driven By Ongoing Commodity Downturn
- Expect Another Weak Quarter From EOG Resources On The Back Of Depressed Commodity Prices
- Is Saudi Arabia Moving Away From Crude Oil?
- How Are Crude Oil Prices And Global Oil Rig Count Correlated?
- How Are Natural Gas Prices And Global Gas Rig Count Correlated?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for EOG Resources
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