Energy Prospectus

EOG Resources, Inc. (EOG) reported third quarter 2017 net income of $100.5 million, or $0.17 per share. This compares to a third quarter 2016 net loss of $190.0 million, or $0.35 per share.

Adjusted non-GAAP net income for the third quarter 2017 was $111.3 million, or $0.19 per share, compared to an adjusted non-GAAP net loss of $220.8 million, or $0.40 per share, for the same prior year period. < This compares to my forecast of $0.15 EPS

Highlights:
HOUSTON, Nov. 2, 2017 /PRNewswire/ --

Introduces 50,000 Net Acre Woodford Oil Window Play with 210 MMBoe Estimated Net Resource Potential and 260 Net Premium Well Locations

Adds First Bone Spring Play in Delaware Basin with 540 MMBoe Estimated Net Resource Potential and 540 Remaining Net Premium Well Locations

Production exceeds Revised Post-Harvey Crude Oil, NGL and Natural Gas Production Targets

Delivers Per-Unit Lease and Well, Transportation and DD&A Expense Rates Below Targets

Expects to Grow 2017 U.S. Oil Production 20 Percent Within Discretionary Cash Flow Including Dividends

As the largest producer in the Eagle Ford Shale of south Texas, EOG Resources (NYSE: EOG) was in the crosshairs of Hurricane Harvey when it slammed into the state last quarter. However, while the storm's unrelenting rain forced the company to hold back 15,000 barrels of oil per day (BPD) during the third quarter, that didn't dampen its results one bit. In fact, the shale giant delivered expectation-trouncing earnings while reiterating that it's still on track to boost oil production by 20% this year.

Read: https://finance.yahoo.com/news/eog-reso ... 00826.html