EOG Resources Hits Home Run With Solid 2Q Production
Kate Permenter, Hart Energy
August 14, 2012
EOG Resources has issued its second-quarter 2012 report, and it is touting a copious flood of production. The company confirmed a 52% surge in crude oil and condensate production for the quarter, compared with the same period last year. Factoring in crude, condensate and natural gas liquids (NGLs) production rates increased 49% compared with second-quarter 2011 numbers.
EOG’s powerful second-quarter payoff was largely due to its paragon producers-- the Eagle Ford, Bakken and Permian Basin.
All three plays were key in the quarter; however, the Eagle Ford was chief ...
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