EOG Resources, Inc. is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Trinidad, the United Kingdom and China. EOG Resources is listed on the New York Stock Exchange (NYSE) and is traded under the ticker symbol “EOG.”
EOG’s strategy is to get the best rates of return by controlling operating and capital costs and maximizing reserve recoveries. The strategy is intended to enhance cash flow and earnings from each unit of production on a cost-effective basis, thus allowing the company to deliver long-term shareholder valute while maintaining a strong balance sheet. The company emphasizes the drilling of internally generated prospects in order to find and develop low-cost reserves. EOG strives to maintain the lowest possible operating cost structure that is consistent with prudent and safe operations.
As of December 31, 2015, EOG’s total estimated net proved reserves were 2,118 million barrels of oil equivalent (MMBoe) and were comprised of 52 percent crude oil and condensate, 18 percent natural gas liquids (NGLs) and 30 percent natural gas. Approximately 97 percent of these reserves were located in the United States.
EOG’s total worldwide production in 2015 was 209 MMBoe.
At year-end 2015, EOG had approximately 2,750 employees.