Company Report

EOG Resources oil and gas exploration summary

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQ's about online orders
- Find out more about subscriptions

02 November 2018

EOG Resources oil and gas exploration summary

Report summary

EOG's strategy is to be an early-mover and explorer in highly prospective shale plays. It utilises geological expertise to quickly make development or exit calls. It was one of the first unconventional-focused companies to shift focus from gas to tight oil, and is a leading producer in the Eagle Ford. EOG has earned its reputation as a top-tier uncons player by executing on a difficult, but proven, business model. It acquires nearly all assets at the grassroots-leasing stage, using geoscience to hone in on prospective areas, and improving returns by continuously improving development techniques. It also has a low-cost structure which benefits from vertical integration and strategic partnerships with smaller service providers. EOG added 11.5 billion boe of new resource from its US shale plays over the last decade. Conventional exploration now plays a minor role in EOG's growth. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.

Table of contents

  • Executive summary
    • Upstream Strategy
    • Exploration outlook
    • Other EOG Resources research
    • Evolution of exploration strategy
  • Investment and costs
    • Well data
    • Scope of this report
  • Production
    • First mover position in the core of the Eagle Ford creates world class value
    • Bakken value creation driven by early mover advantage and rail transport
    • Commercialisation of the unconventional Permian assets*
    • Niche plays will play a bigger role
    • Some natural gas properties hold long-term potential
    • Conventional exploration has not added value

Tables and charts

This report includes 24 images and tables including:

  • Basins drilled and all conventional & organic unconventional discoveries 2008-2017
  • Ten year performance summary
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Full-cycle economics
  • SWOT grid
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Gross conventional exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Top discoveries (2008 to 2017)
  • Reserves and resources: Table 2
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Value creation by reserve category
  • Exploration returns by water depth

What's included

This report contains:

  • Document

    EOG Resources oil and gas exploration summary

    PDF 1.92 MB

Trusted by leading organisations