EOG Resources oil and gas exploration summary

EOG Resources is an early-mover and explorer in highly prospective shale plays. It typically makes quick development or exit decisions, concentrating on high-grading development activity. Over the past decade, EOG established itself as the one of the first unconventional-focused companies to successfully shift commercial focus away from gas to tight oil: it is now the leading producer and acreage holder in the core of the Eagle Ford shale. EOG was also one of the first to prove the commercial potential of applying horizontal drilling and hydraulic fracturing techniques to tight oil plays. This strategic shift and reservoir engineering enabled EOG to gain a competitive advantage in making the transition to self-funded, unconventionals liquids-led growth.