EOG Resources Announces First Quarter 2016 Results and Successful Enhanced Oil Recovery Project – KFDA – NewsChannel 10 / Amarillo News, Weather, Sports

Completes First Economic Enhanced Oil Recovery Test in U.S. Horizontal Shale Reservoir

­Concludes Four Pilot Projects in the Eagle Ford

­Adds New Reserve Potential at Single Digit Per Barrel Costs­

Generates High Net Present Value­

Delivers Rates of Return on Investment Exceeding 30 Percent at $40 Oil Price

­Extends EOG’s Horizontal Technology Gains

Announces Successful South Texas Austin Chalk Exploratory ResultsReports

Strong Quarterly Operating Results, Exceeds U.S. Oil Production and Cost Reduction Targets

Source: EOG Resources Announces First Quarter 2016 Results and Successful Enhanced Oil Recovery Project – KFDA – NewsChannel 10 / Amarillo News, Weather, Sports

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