The journey of EOG, Inc. (EOG) has been started in the year of 1985, 12th June with all its subsidiaries and it explores to develop, produce, and market natural gas and crude oil in all the major cities and circles of the United States, United Kingdom, Republic of Trinidad and Tobago (Trinidad), People’s Republic of China (China), Canada and, from time to time, select other international areas. The main focus of the operation of the company is to explore and produce natural gas and crude oil. Till 2016, 31stDecember, the total estimation was of 416 MMBbl natural gas liquids (NGLs) reserves, 2,147 million barrels of oil equivalent (MMBoe), of which 1178 million barrels (MMBbl) were crude oil and condensate reserves, and 553 MMBoe were natural gas reserves of 3318 billion cubic feet.
Operations in the United States
The company is mainly focused on to produce, develop, and explore natural gas and oil throughout the United States based on crude oil along with liquids-rich natural gas in play. Till 2016, 31stDecember, EOG Resources became one of the top producers of crude oil in Eagle Ford with the estimated amount of 365 MMBbl of oil or excess. With the Austin Chalk play concept, EOG completed 14 net Austin Chalk wells as of 2016.
The main thing creating a difference between EOGor Enervest and its rivals is that it focused more on drilling apart from the gas and oil. It is possible because of the power of new wells which generate at least 30% of after-tax rate in return of $40 oil. It is significant because of the six separate spreading zones of shale basins. This also makes EOG unique from its competitors as others are focused more on one or two plays maximum.
AUSTIN CHALK REVIVAL 