EOG Resources
Posted: Fri May 11, 2012 11:47 am
EOG delivered outstanding 1st quarter results. I an updating the forecast model and will have it up on the website today. This one should be a "Core Holding" in any energy portfolio. - Dan
•Achieves 49 Percent Crude Oil and Condensate Production Increase and 48 Percent Increase in Total Liquids Production Over First Quarter 2011
•Increases 2012 Total Company Liquids Production Target to 33 Percent from 30 Percent
•Reports Strong Year-Over-Year Earnings Per Share, Discretionary Cash Flow and Adjusted EBITDAX Performance
•Delivers Solid Execution in Eagle Ford Operations and Confirms Viability of Downspaced Drilling
•Announces Additional Bakken Infill Drilling Success and Positive Results from Expanded Williston Basin Program
•Commissions St. James, Louisiana, Crude Oil Offloading Facility and Wisconsin Sand Plant
•Achieves 49 Percent Crude Oil and Condensate Production Increase and 48 Percent Increase in Total Liquids Production Over First Quarter 2011
•Increases 2012 Total Company Liquids Production Target to 33 Percent from 30 Percent
•Reports Strong Year-Over-Year Earnings Per Share, Discretionary Cash Flow and Adjusted EBITDAX Performance
•Delivers Solid Execution in Eagle Ford Operations and Confirms Viability of Downspaced Drilling
•Announces Additional Bakken Infill Drilling Success and Positive Results from Expanded Williston Basin Program
•Commissions St. James, Louisiana, Crude Oil Offloading Facility and Wisconsin Sand Plant