oil & gas assets
You have accessed this news story:

PS - EOG shifts D&C to wells profitable below $30/bbl in two plays - May 13, 2020



Feed Icon
EOG Resources altered its 2020 plans to fit a sub-$30/bbl environment. Capex was lowered by $3 billion from the original target to current guidance of $3.3-3.7 billion. In just six weeks, the company dropped 78% of its rigs, going from 36 to eight, and 69% of its frac spreads, going from 16 to five. The company has identified more than 4,500 net drilling locations that will generate returns at less than $30/bbl WTI and......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News