EOG Resources - unconventional Gas Producer - 500 Beiträge pro Seite

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Da war letzte Woche ein interessanter Artikel über horizontales Bohren nach Gas in der FTD. EOG wurde erwähnt.

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13.07.2009 14:44
BRIEF-Kitimat signs MOU with EOG Resources Canada for natural gas supply

July 13 (Reuters) - EOG Resources Inc:

* Kitimat LNG signs mou with EOG Resources Canada for natural gas supply

* Kitimat LNG says EOG will supply specific quantities of LNG facility's 700

million cubic feet per day of natural gas feedstock

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Barron's Sees Value In EOG Resources (EOG)
Monday 09/07/2009 7:49 PM ET - Comtex Smartrend(r)
Related Companies
Symbol Last %Chg
EOG 70.47 0.00%
As of 12:00 AM ET 9/4/09

9/7/2009-In Barron's most recent publication, Christopher C. Williams wrote a piece on shares of EOG Resources (NYSE:EOG) and natural gas prices. Williams said that while light sweet crude has rallied following its plummet last fall, there has been no rebound in "its cousin, natural gas." Instead, the price of the commodity has dropped to a seven-year low as "supply threatens to exceed storage capacity and overwhelm demand." This decline in natural gas prices would seem like horrible news for EOG Resources , Houston, Texas-based natural-gas producer, at first glance. However, "EOG's three-year effort to pump up its production of crude oil -- in part by using the same horizontal-drilling technology that has made it one of the largest independent gas producers in the U.S. -- looks expertly timed."

Williams said, "The diversification could help EOG boost revenue and income, especially if, as expected, oil prices continue to rise. It also could attract more investors. EOG shares (ticker: EOG) have fallen more than 30%, to around 70, from an August 2008 high. They could rally to above 80, a gain of more than 15%, in the coming year. EOG boasts 8,689 billion cubic-feet equivalent of energy reserves. The vast majority is natural gas, which accounts for more than 80% of annual production. Management is aiming for a 50/50 North American production split by 2013 between oil and natural-gas liquids, on the one hand, and natural gas. That's a smart move, since oil will probably continue to trade at a significant premium to gas."

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EOG Resources Offers Low Debt Natural Gas Growth
by: Kurt Wulff September 12, 2009 | about: EOG
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Buy-recommended EOG Resources (EOG) offers unlevered appreciation potential of 16% to a McDep Ratio of 1.0 where stock price would equal Net Present Value (NPV) of $92 a share. On July 14 we reduced NPV from $110 when we reduced estimated Present Value of North American Natural Gas by 20%. During the second quarter, according to results released after market hours on August 6, the company generated unlevered cash flow (Ebitda) that matched our expectations from three months ago.

Hedging accounted for more than all of net income. Low debt provides comfort while the natural gas business is under pressure. Prospects for the clean fuel drive 76% of NPV in our valuation, which capitalizes cash flow at unlevered multiples (PV/Ebitda) related to reserve life (Adjusted R/P). Pointing to gains, oil futures prices for the next six years crossed the 40-week average into an uptrend at the end of May. Natural gas, most important to EOG, may follow oil into an uptrend as the unbalanced short-term demand and supply situation gets resolved.

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ins Testportfolio genommen

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06.11.2009 00:06
UPDATE 1-EOG Q3 net slides, revenue misses Wall St estimate

SAN FRANCISCO, Nov 5 (Reuters) - EOG Resources Inc's quarterly profit plunged as oil and gas prices tumbled from a year ago and revenue missed Wall Street estimates, while profit was ahead after accounting for trading contracts.

EOG also said on Thursday it grew third-quarter production by 4 percent and bumped up 2009 output expectations to 6 percent from 5.5 percent, while forecasting 2010 growth of 13 percent and lifting its liquids production growth target for next year to 50 percent from 20 percent.

Third-quarter profit was $4.2 million, or 2 cents per share, compared with $1.57 billion, or $6.20 per share, in the same quarter a year earlier. Revenue fell 69 percent to $1.01 billion.

Adjusting for trading contracts and other items, EOG made a profit of $203.9 million, or 81 cents per share.

Wall Street analysts, on average, had expected a profit of 66 cents per share on revenue of $1.13 billion, according to Thomson Reuters I/B/E/S.

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EOG Resources CEO:Sees Oil Output From Shale As 'Game Changer'
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4-7-10 10:01 AM EDT | E-mail Article

HOUSTON -(Dow Jones)- EOG Resources Inc. (EOG) Chief Executive Mark Papa said that oil output from rock formations known as shales will change the face of oil production in the U.S.
The Houston-based energy company plans to spend $5.1 billion in capital this year to pursue oil and natural gas liquids in places like the Eagle Ford Shale, a hydrocarbon-rich rock formation in South Texas. EOG Resources has acquired 505,000 acres with estimated reserves of 900 million barrels of crude oil equivalent.

Oil from shale rock formations will be a "North American industry game changer," Papa said during a meeting with investors on Wednesday, adding that the Eagle Ford is one of the largest discoveries in the U.S. of the last 40 years.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; [e-mail]

HOUSTON -(Dow Jones)- EOG Resources Inc. (EOG) chief executive Mark Papa said the company may seek out a partner to develop its natural gas assets as the company shifts its focus to finding oil.

Although the Houston-based energy company is shifting its focus to oil, it still has assets in prolific onshore natural gas fields such as Texas' Barnett Shale, the Haynesville Shale in Texas and Louisiana, and the Marcellus Shale in Pennsylvania and other states.

"We are not going to be focusing on North American gas growth," Papa said during a meeting with analysts, adding the company may look for a joint venture partner to develop its assets, "but there are no immediate plans to do so."

EOG plans to spend $5.1 billion in capital this year to pursue oil and natural gas liquids in places like the Eagle Ford Shale, a hydrocarbon-rich rock formation in South Texas. EOG Resources has acquired 505,000 acres with estimated reserves of 900 million barrels of crude oil equivalent.

The company plans to use the drilling techniques it pioneered in places like the Barnett Shale to unlock oil reserves in the Eagle Ford. Energy companies have learned to drill horizontally through these dense rock formations and break them apart, releasing the hydrocarbons trapped within.

Papa said the company will continue to seek out rock formations that have the potential for oil production and the company is "not satisfied" with its current oil asset portfolio.

"The vast majority of our investments will be going to oil or liquids projects," Papa said.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; jason.womack@ dowjones.com

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EOG Home > Investors > Press Releases > Press Release
EOG RESOURCES DECLARES QUARTERLY DIVIDEND ON COMMON STOCK
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FOR IMMEDIATE RELEASE: Thursday, April 29, 2010

HOUSTON - The Board of Directors of EOG Resources, Inc. (EOG) has declared a dividend of $0.155 per share on EOG's Common Stock, payable July 30, 2010 to stockholders of record as of July 16, 2010. The indicated annual rate is $0.62.

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol "EOG."

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Blowout of EOG Well in Marcellus
By: Zacks Equity Research
June 07, 2010


A Pennsylvania natural-gas well, located in the Marcellus Shale and owned by EOG Resources Inc. (EOG - Analyst Report), erupted with natural gas and drilling fluids last Thursday night. The well was in the final stage of completion when the incident occurred. Operators of the well were engaged with the extraction of the gas after using a technique called hydraulic fracturing, in which millions of gallons of drilling fluid are infused at high pressure to crack and open the shale rock and release the gas.

The blowout at a natural-gas well caused the eruption of explosive gas and polluted fluid (1.5 million gallons) as high as 75 feet into the air before squads were able to control about 16 hours after it started spewing gas and brine.

According to a spokeswoman of the EOG Resources, the emission did not turn into fire and no injuries were reported. However, Department of Environmental Protection cited that the incident could have turned tragic destroying life as well as property. The agency also promised to take preventive measures to avoid similar errors in future.

The Marcellus Shale, also referred to as the Marcellus Formation, is a Middle Devonian-age black, low density, carbonaceous (organic rich) shale that occurs in the subsurface beneath much of Ohio, West Virginia, Pennsylvania and New York. Small areas of Maryland, Kentucky, Tennessee and Virginia are also part of the Marcellus Shale. The presence of an enormous volume of potentially recoverable gas in eastern United States raises Shale’s economic implication. The speedy expansion in the shale has essentially boosted U.S. gas supplies, thereby reducing prices. However, environmentalists blamed that the use of chemical-laden water for shale drilling could contaminate water supplies, hampering the ecological balance.

The blowout from the EOG well is not the first in the area. In September 2009, Cabot Oil & Gas Corp. (COG - Analyst Report) stated that faulty piping connections had led to two spills totaling 7,980 gallons of drilling fluid in Susquehanna County and a third leak resulted from a ruptured hose during a pressure surge.

We continue to remain optimistic on the company’s operational excellence and steady management that will enable it to experience further organic growth in the resource base. However, the current incident makes us cautious as thousands of barrels of oil continue to pump into the Gulf of Mexico every day from the oil spill, thereby making this an extremely sensitive period for the energy industry.

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8/5/2010- EOG Resources (NYSE:EOG) reported Q2 EPS of $0.18, missing consensus estimates of $0.25 per share. Revenues for the quarter were $1.36 billion, topping consensus estimates of $1.24 billion.
"For the first time in EOG's history, during the second quarter total revenues generated from crude oil, condensate and natural gas liquids production exceeded those from natural gas. This mix is in-line with EOG's target to organically evolve toward a predominantly liquids weighted portfolio in North America by 2011 to 2012," said Mark G. Papa, Chairman and Chief Executive Officer.
SmarTrend currently has EOG Resources in a downtrend and is currently monitoring these developments and will alert subscribers to any change of trend.

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HOUSTON, Dec. 22, 2010 /PRNewswire-FirstCall/ -- EOG Resources, Inc. and Newfield Exploration Company , under the terms provided for in the purchase and sale agreement, have mutually agreed to terminate the agreement announced November 15, 2010, regarding EOG's sale of certain Marcellus Shale acreage.

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol "EOG."

Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy of growing reserves through an active drilling program and select acquisitions. Newfield's domestic areas of operation include the Mid-Continent, the Rocky Mountains, onshore Texas, Appalachia and the Gulf of Mexico. The Company has international operations in Malaysia and China.

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inzwischen wohl eher Öl- als Gasplayer; hoch kapitalisiert: rund 20 Mrd. Euro!