eog resources, inc.

 

  • [15] In May 2011, the company sold gas-producing properties in South Texas and New Mexico for $637 million.

  • Type: Public company; Traded as: NYSE: EOG, S&P 500 component; Industry: Petroleum industry; Founded: 1999; 24 years ago; Founder: Mark G. Papa; Headquarters: Heritage Plaza,
    Houston, Texas, U.S.; Key people: Ezra Y. Yacob, CEO & Director, Timothy K. Driggers, CFO; Products: Petroleum, Natural gas, Natural gas liquids; Production output: 753 thousand barrels of oil equivalent (4,610,000 GJ) per day (2020); Revenue:
    25,702,000,000 United States dollar (2022) ; Operating income: 9,966,000,000 United States dollar (2022) ; Net income: 7,759,000,000 United States dollar (2022); Total assets: $35.804 billion (2020); Total equity: $20.301 billion (2020); Number
    of employees: 2,900 (2020) History In 1998, Mark G. Papa was named chairman and chief executive officer.

  • [21][22] In 2017, the company formed a joint venture with The Carlyle Group to develop oil and gas assets in Ellis County, Oklahoma.

  • [8] In February 2000, the company also swapped properties with Burlington Resources.

  • [10] The company acquired properties in Canada from Husky Energy for $320 million in 2003.

  • [19] In November 2015, the company spent $368 million to acquire additional acreage in the Delaware Basin.

  • [23] In September 2018, the company sold its offshore assets in the United Kingdom.

  • [1] United States[edit] As of December 31, 2020, of the company’s total proved reserves in the United States, 53% was petroleum, 21% was natural gas liquids, and 26% was natural
    gas.

  • [24][25] Current operations As of December 31, 2020, the company had 3.219 billion barrels of oil equivalent of estimated proved reserves, of which 98% was in the United States,
    2% was in Trinidad and Tobago, and a negligible amount was in Canada and China.

  • As of December 31, 2020, the company was the largest petroleum producer in the Eagle Ford Group.

 

Works Cited

[‘1. “EOG Resources, Inc. 2020 Form 10-K Annual Report”. U.S. Securities and Exchange Commission.
2. ^ “EOG Resources”. Fortune.
3. ^ “Forbes Global 2000”. Forbes.
4. ^ “EOG established as an independent entity”. Alexander’s Gas & Oil Connections.
August 16, 1999.
5. ^ “Enron to Spin Off Oil, Gas Unit”. The Oklahoman. July 21, 1999.
6. ^ Orwall, Bruce (July 21, 1999). “Enron Sells Most of Its Stake In EOG Back to Company”. The Wall Street Journal.
7. ^ De Rouffignac, Ann (August 22, 1999).
“Enron Oil & Gas finalizes separation with Enron through stock deal”. American City Business Journals.
8. ^ “Occidental, EOG Resources Swap Oil and Gas Assets” (Press release). GlobeNewswire. January 3, 2000.
9. ^ “EOG Resources 2000 Annual Report
to Shareholders” (PDF).
10. ^ “Hot Stocks: Netopia falls”. CNN. November 1, 2000.
11. ^ “EOG snaps up Canadian energy assets”. American City Business Journals. August 21, 2003.
12. ^ “Husky Energy buying Marathon Canada”. Oil & Gas Journal.
September 20, 2003.
13. ^ “EOG Resources to relocate, expand downtown office”. American City Business Journals. March 14, 2006.
14. ^ Jump up to:a b Peng, Renya (December 28, 2007). “ConocoPhillips OKs Sale of China Gas Field to EOG”. RigZone.
Dow Jones Newswires.
15. ^ “EOG sees Eagle Ford shale as major US oil discovery”. Oil & Gas Journal. April 9, 2010.
16. ^ “EOG Resources sells $637 million in assets”. Oil & Gas Journal. May 6, 2011.
17. ^ “EOG Resources Divests Majority of
Canadian Assets” (Press release). PR Newswire. December 8, 2014.
18. ^ “EOG Resources sells bulk of Canadian assets”. Oil & Gas Journal. December 9, 2014.
19. ^ “EOG Resources Announces Mark G. Papa Leaving Board of Directors” (Press release).
PR Newswire. December 17, 2014.
20. ^ “EOG Resources Reports Third Quarter 2015 Results; Increases Delaware Basin Net Resource Potential by 1.0 BnBoe” (Press release). PR Newswire. November 5, 2015.
21. ^ “EOG Resources and Yates Agree to Combine
in Transaction Valued at $2.5 Billion” (Press release). PR Newswire. September 6, 2016.
22. ^ Witthaus, Jack (September 6, 2016). “EOG Resources Inc. to buy Yates Petroleum Corp”. American City Business Journals.
23. ^ “EOG, Carlyle Group create
$400-million Oklahoma drilling combine”. Oil & Gas Journal. May 23, 2017.
24. ^ Druzin, Rye (September 5, 2018). “EOG Resources sells U.K. offshore oil and gas assets”. Houston Chronicle.
25. ^ Nasralla, Shadia (September 5, 2018). “Mercuria-backed
Tailwind buys EOG’s UK oil, gas assets”. Reuters.
Photo credit: https://www.flickr.com/photos/donbanane/4847150510/’]