EOG Resources Doubling Down on the Eagle Ford

For an E&P company with a market cap north of $50 billion, EOG Resources Inc NYSE: EOG   has been posting quite rapid growth rates. Maybe now is the time for investors to take a closer look at this potentially great long-term investment, as EOG Resources’ plan to continue focusing on its core shale plays while seeking incremental output growth from offshore oil and gas fields will yield market-beating returns for investors.Since 2009, EOG Resources Inc has been able to grow its oil output by an average of 39% compounded annually each year, from 55,000 bpd to an estimated 284,000 bpd in 2014. To get there, EOG Resources has built up a premium portfolio of assets targeting the best oil shale plays in the United States.

via EOG Resources Doubling Down on the Eagle Ford.

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