EOG Resources Inc. (NYSE: EOG) detailed its 2014 capex budget and year-end 2013 financial results, the company said Feb. 24.
The current year’s capex budget ranges from $8.1 billion-$8.3 billion, the company said. CEO William R. Thomas noted that much of it is directed toward Eagle Ford and Bakken operations.
This year, EOG Resources plans to drill about 520 net wells in the Eagle Ford, and expects the area to lead overall crude oil production growth, the company said.
In the Bakken/Three Forks, 80 net wells are planned in the ...