If your company is contemplating farm–ins, joint ventures, property exchanges or strategic asset sales, consider EOG. Tap into EOG’s consistent game plan by putting our employees’ experience, knowledge and commitment to work for you. Through our use of technology to unlock the future, we have the resources and skills to be your business development partner.
EOG is Financially Stable
When you’re seeking an exploration and production partner, choose an innovative, dynamic company with a strong financial foundation and a track record of success. EOG 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, Canada, Trinidad, the United Kingdom and China.
EOG is financially stable with a strong balance sheet. At year–end 2011, EOG reported:
- Net income of $1,091.1 million or $4.10 per share,
- Total company daily production increased 9.4 percent over 2010,
- Total liquids production increased 48 percent over the prior year and
- Net proved reserves grew by 5.3 percent compared to 2010 and increased to 2,054 million barrels of oil equivalent.
Download the latest EOG Resources Annual Report
EOG Grows Organically
Our strategy of concentrating on growth through the drillbit has been very successful. One of the most active drillers in both the United States and Canada in recent years, EOG has built its reputation on organic growth. The majority of EOG’s production comes from its premier U.S. assets. In addition, our Canadian drilling and production programs, as well as those offshore Trinidad and in the United Kingdom, contribute to our ongoing success.
EOG is currently targeting onshore organic production growth in North America for 2012. While we have an extensive, internally developed drilling inventory, EOG continually seeks opportunities to partner with companies of various sizes to develop, drill and operate prospects or make strategic acquisitions that are located in or near the footprint of our existing operations.
Top of Page
EOG’s Expertise Can Add Value
EOG’s professionals are exceptionally talented in developing innovative drilling and completion geoscience and reservoir stimulation techniques. For example, EOG has become a leader in horizontal drilling and well completions through innovative completions techniques.
In the South Texas Eagle Ford, we hold a premier acreage position in the crude oil window and rank as the single largest crude oil producer in this area. In the Bakken/Three Forks, EOG was the state’s top crude oil producer in 2011. We are the dominant acreage holder in the liquids-rich Barnett Combo and the largest producer in the play. Finally, EOG holds strong positions in the liquids-rich Permian Basin West Texas Wolfcamp and New Mexico Leonard/Bone Spring Sands plays.
EOG has an extensive drilling program and is continuing to pursue opportunities to build its prospect inventory in North America by using its highly developed technical skills to find new resource plays based on our proven exploration and development strategies.
EOG is Responsible and Professional
EOG is committed to following established safety and environmental policies and procedures throughout its exploration and production activities. Also, EOG’s professionalism is evident throughout the accounting, legal, land, administrative, information technology and marketing teams that support our joint operations.
EOG Is Ready to Talk
Our partners tell us that although EOG may be a large cap independent, we have the agility and ability to make decisions quickly.
EOG is ready to sit down and discuss a mutually beneficial agreement with your company. We are also willing to go the extra distance to make it work. For example, when a joint venture partner requested more information about the wells EOG was drilling, a unique solution was developed. Through a program offered by EOG, drilling data can be made available over a specially designed secure website on a real–time basis, allowing the partner to monitor the progress of the wells on a daily basis and to offer input along the way.
For more information about how your company and EOG can partner on farm–ins, joint ventures, property exchanges or the purchase of strategic assets, please call or email one of our professionals today.
Key Business Development Contacts
Top of Page
