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EOG Resources Inc

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  • 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...

  • 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.

  • Frack attacked, do the traders agree?   Tuesday, 5 May 2015 | 12:41 PM ET
    Frack attacked, do the traders agree?

    Discussing the value in energy stocks like EOG Resources and Pioneer Resources, with the FMHR traders, and Rich Pzena, Pzena Investment Management. Terranova thinks EOG Resources is one of the "survivors" in the oil market.

  • Oil hits $60; get ready for 'frack counterattack' Tuesday, 5 May 2015 | 12:06 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    U.S. oil prices are heading into a sweet spot that could spur the fracking industry to crank up some of the drilling it shut down.

  • Early movers: MDLZ, TSLA, ODP, BLMN & more Tuesday, 5 May 2015 | 8:14 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • WILLISTON, N.D., May 4- Oil and natural gas producer EOG Resources Inc plans to begin fracking hundreds of wells in North Dakota and Texas later this year if oil prices stabilize around $65 per barrel, executives said on Monday after reporting a better-than-expected adjusted profit. Whiting Petroleum Corp said last week it would add drilling rigs to its...

  • WILLISTON, N.D., May 4- Oil and natural gas producer EOG Resources Inc posted a better-than-expected adjusted profit on Monday as hedges and cost cuts helped offset low oil prices. It was the continuation of a theme for U.S. shale oil producers, including Whiting Petroleum Corp and Hess Corp, who have aggressively curtailed spending and relied in varying degrees...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher, following positive momentum from Europe, as investors looked to Fed speeches and data for signals on rate hike timing.

  • Should you bet against frackers with Einhorn? Monday, 4 May 2015 | 2:19 PM ET
    David Einhorn

    David Einhorn, a hedge fund manager who successfully bet against Lehman Brothers and others, found his next target: oil fracking companies.

  • Don't miss this great opportunity: Money manager Friday, 1 May 2015 | 2:52 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    Energy stocks should move higher this year, providing a great opportunity in these names, money manager Jerry Castellini said.

  • Why oil could fall to $20 a barrel Tuesday, 28 Apr 2015 | 4:19 PM ET
    oil fracking North Dakota

    A new report from an economic research firm makes a surprising case for crude oil to eventually fall to $20 a barrel over the coming years.

  • The assumption is that oil firms will finish work on those wells, known as "ducks" in the industry jargon, once oil prices recover further and North Dakota activates its tax relief in response to a long market slump. "You know you have an 800- pound gorilla that is potentially going to come after you if the price goes up," Jackson Hockley, an analyst at wealth manager...