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EOG Resources Inc

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  • AUSTIN, Texas, June 17- Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas, bringing heavy rains that flooded streets and snarled transportation in the state where severe weather killed about 30 people last month. Rainfall is expected to be 4 to 8 inches over eastern Texas and eastern Oklahoma and 3 to 6 inches over...

  • HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday before losing its punch and no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference.

  • Tropical Storm Bill charges across Texas Wednesday, 17 Jun 2015 | 1:01 AM ET

    HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday but no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm...

  • UPDATE 4-Tropical Storm Bill soaks Texas coast Tuesday, 16 Jun 2015 | 6:27 PM ET

    HOUSTON, June 16- Tropical Storm Bill hit the Texas coast with strong rains and high winds on Tuesday though no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm system,...

  • UPDATE 3-Tropical Storm Bill pelts Texas coast Tuesday, 16 Jun 2015 | 3:58 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Forecasters cautioned that tornadoes were possible across much of Texas. The watch area included Houston and central Texas, where floods over Memorial Day...

  • UPDATE 2-Tropical Storm Bill hits Texas coast Tuesday, 16 Jun 2015 | 1:49 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods over the Memorial Day weekend late last month swept over...

  • WILLISTON, N.D., June 5- Oil executives in North Dakota, a center of the U.S. shale revolution, say OPEC made a questionable bet when it decided on Friday to stick with a policy that aims to push higher cost American producers out of the market by keeping output high. "High commodity prices hide a lot of inefficiencies in the system," said Tommy Nusz, chief executive of...

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. In the latest week, drillers added one oil rig in the Permian basin in West Texas and eastern New Mexico, the biggest and fastest growing U.S. shale oil basin.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. With some OPEC countries like Saudi Arabia and Iraq pumping oil at record or near record levels, the group is trying to keep crude prices low enough to support global oil...

  • The U.S. oil fracker's dilemma: crouch or pounce? Monday, 1 Jun 2015 | 1:00 AM ET

    HOUSTON, June 1- U.S. shale oil producers, having weathered the worst price plunge in their industry's brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. The June 5 meeting of U.S. rivals in the Organization of the Petroleum Exporting Countries...

  • That was the 25th straight weekly decline, bringing the total rig count down to 646, the lowest since August 2010, oil services company Baker Hughes Inc said in its closely followed report. The market has been eyeing the U.S. rig count and the increases of a few rigs in some basins over the past few weeks ahead of next week's meeting of the Organization of the...

  • LONDON, May 14- U.S. shale producers are the new "swing producers" in the oil market, as many analysts have noted, but the status of swing producer is hugely misunderstood. Between the 1930 s and the 1970 s, the role fell to small, independent well owners of Texas, who were forced to limit their production to balance the global oil market. The swing producer role has now...

  • COLUMN-Who wants to be a swing producer? No one: Kemp Thursday, 14 May 2015 | 8:45 AM ET

    LONDON, May 14- U.S. shale producers are the new "swing producers" in the oil market, as many analysts have noted, but the status of swing producer is hugely misunderstood. Between the 1930 s and the 1970 s, the role fell to small, independent well owners of Texas, who were forced to limit their production to balance the global oil market. The swing producer role has now...

  • WILLISTON, N.D., May 13- North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices. "We scratched our heads in the month of March" as to why production increased, Lynn Helms, director of the state's Department of Mineral Resources, said during a conference...

  • They came from companies as large as Occidental Petroleum, which pumped nearly 200,000 bpd or over 2 percent of U.S. crude in the first quarter, and as small as Carrizo Oil& Gas Inc., which produced about a tenth as much. Bellwether shale firms including EOG Resources and Whiting Petroleum Corp maintained production forecasts from earlier this year, sticking to...

  • Drillers answer oil prices with innovative tools Monday, 11 May 2015 | 4:10 PM ET
    Oil wells undergo tests at a Statoil site near Runge, Texas, part of the Eagle Ford shale field, May 7, 2015.

    Drillers are trying new techniques in order to cut costs while keeping up production, The New York Times reports.

  • Energy companies increased by one each the number of oil rigs in the Permian basin of West Texas and eastern New Mexico- the biggest and fastest growing U.S. shale oil field- and in the Barnett in Texas. That was the first increase in the Permian since December and the first in the Barnett since March, oil services company Baker Hughes Inc said on Friday.

  • Cramer Remix: How to benefit off the Fed Wednesday, 6 May 2015 | 7:17 PM ET
    Jim Cramer on the set of Mad Money

    Since when did Janet Yellen become a market commentator? Jim Cramer shares the best way to play the head of the Fed.

  • Cramer: Einhorn's frack attack was dead wrong Wednesday, 6 May 2015 | 6:30 PM ET
    oil production crude oil exploration

    Jim Cramer speculates on David Einhorn's target for attack in the fracking industry. Think twice about ditching the drillers with Cramer's take!

  • Oil top may be in, could get ugly: Analyst Wednesday, 6 May 2015 | 4:45 PM ET
    gas prices crude oil

    Oil has been enjoying a recent rally, but it very well may have peaked and could be headed lower, analyst John Kilduff said.