Exclusives / Features
Premium Locations and New Tech Power EOG During Low Price
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[Summary: EOG presented at both the Bernstein Conference, represnted by CEO Bill Thomas and JP Morgan Energy Equity Conference, represented by EVP/E&P Billy Helms.
Increasing the percentage of "premium drilled" locations and implementing technology increasing productivity will allow EOG to continue its momentum even with lower oil prices.]
At the conferences, EOG representatives further discussed the company's "premium drilling" method. "Premium drilling" would allow the company to generate a 30% direct return at $40 flat oil, with that rate of return incrasing as the oil prise rises. Additionally, it would allow for double the production at half the cost of a non-premium well. In 2016, about half of EOG's wells were drilled and completed using the "premium method". In 2017, the company…
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