NYSE:EOGOil and Gas
EOG’s Aggressive Rig Ramp and Global Gas Push Could Be A Game Changer For EOG Resources (EOG)
EOG Resources recently outlined how its low-cost, high-efficiency production model could convert higher oil prices into very large excess free cash flow, while simultaneously ramping capital spending and lifting its rig count from about 32 to roughly 50 rigs in the second half of the year.
The company’s move to step up drilling, including expanded coalbed methane activity in Alberta and international gas joint ventures, underlines management’s focus on scaling long-lived, lower-cost resource...