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EOG's strategy is to be an early-mover and explorer in highly prospective shale plays, and utilising its geological expertise to quickly make development or exit calls. It was one of the first unconventional-focused companies to shift focus away from gas to tight oil, and is the leading producer in the core of the Eagle Ford. EOG has earned its reputation as a top-tier unconventional player by executing on a difficult, but proven, business model. It built its portfolio by acquiring nearly all assets at the grassroots-leasing stage, using geoscience to hone in on the most prospective areas, and improving returns by continuously improving development techniques. It supplements its operational expertise with an low cost structure which benefits from vertical integration and strategic partnerships with smaller service providers. This has allowed EOG to add over 6 billion boe of new resource from its US shale plays over the last decade, with further resources from Trinidad and the UK.
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EOG Resources oil and gas exploration summary PDF - 1.03 MB 16 Pages, 6 Tables, 18 Figures
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Description
Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.
Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.
Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Company report | Oct 2016
EOG Resources oil and gas exploration summary
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