Proxy Season Shows ESG Concerns on Shareholders’ Minds. As of December 31, 2019, the company was the largest petroleum producer in the Eagle Ford Group. [12][13], In 2006, the company signed a 225,648 square feet (20,963.4 m2) lease for office space in the Heritage Plaza building in Houston, Texas. But investors who believe in the oilpatch are better served in Permian plays like Pioneer Natural Resources (NYSE: PXD) and EOG Resources Weaning America off fossil fuels will take decades, even if Democrats sweep Congress in November. The company is ranked 181st on the Fortune 500. Get today's Continental Resources Inc stock price and latest CLR news as well as Continental Resources real-time stock quotes, technical analysis, full financials and more. Nordquist in 1953. [4], In 1998, Mark G. Papa was named Chairman and Chief Executive Officer. [20], In November 2015, the company spent $368 million to acquire additional acreage in the Delaware Basin. Download NGI's 2021 ... mainly in the Permian Basin and Bakken Shale, ... ConocoPhillips, Devon Energy Corp., EOG Resources Inc. and Murphy Oil Corp. researchers said. Ahead of the sell-off, top managers were cautious in adding to positions and continued to sell fully valued, flawed, or more liquid securities to meet redemption requests. Prior to joining Liberty, Mr. Overal was the Planning Manager over the Rocky mountains at EOG Resources. Privacy Policy and 5 Newly Minted Narrow-Moat Oil and Gas Firms. U.S. Oil and Gas Doesn't Need a Trump Win to Thrive. What in the World Happened to Oil Prices? [1], In 2008, the company acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan Province, China from ConocoPhillips. This Fund Brings Stability to a Volatile Sector. EOG was one of the earliest frackers, and it moved into some of … In isolation, this will be a valuation tailwind for our coverage, but in most cases it will be modest. [1], The company holds several concession contracts for the supply of natural gas in Trinidad and Tobago. The company is ranked 181st on the Fortune 500. As of December 31, 2019, the company held approximately 115,000 net undeveloped acres in Trinidad and Tobago. The reserves were 51% petroleum, 22% natural gas liquids, and 27% natural gas. The buy-the-dip crowd was in full force as corporate spreads tightened, but the dips have become increasingly shallow and almost imperceptible on a long-term chart. Managers from Dodge & Cox, Oakmark, and Diamond Hill have picked up healthcare companies, energy concerns, and an online travel agent. In New Mexico this summer, EOG Resources Inc. debuted a new technology to capture natural gas that sometimes flows back due to third-party midstream companies. * - Main goods are marked with red color . Here's a playbook for exploration and production companies to restore investor confidence. EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. In the Rocky Mountains, the company owns properties in the Williston Basin of the Bakken Formation and the Turner, Parkman and Niobrara Formations in the Powder River Basin. Oil and Gas Price Outlook: Updating Our Near-Term Methodology for Forecasting Prices. We think these elite producers have sustainable competitive advantages. EOG Resources, Inc. is one of the largest independent exploration and production companies in North America.As is the case with many American independents, the … Before the market turmoil of 2016, buying activity remained low, but these top managers did put some money to work in firms with defensible economic moats. The broader U.S. Market Index was up 1% on the day, but the energy sector led the way up 14%. Checking Retirement Readiness--and Streamlining Along the Way. Browse all active oil and gas companies across the United States. EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas. The story at EOG Resources (EOG, $49.84) has always been the strength of its asset base. Epic Oil Crash Sets Up Brutal Downturn for Energy Sector. EOG received properties in West Texas and the New Mexico, specifically in the Permian Basin, in exchange for properties in Texas and Oklahoma. Danoff, Davis, Lynch: Stock-Picking Ahead of the Crowd. The company also owns properties in the Delaware Basin and other areas of the Permian Basin, including the Leonard, Wolfcamp, and Second Bone Spring Sand shale plays. Proxy Process Opens Door to Constructive Engagement on Climate. But the culture at EOG bends toward perfectionism. Despite the rally, the energy sector is still down around 45% year-to-date. EOG Resources. © Copyright 2021 Morningstar, Inc. All rights reserved. Resources. williams co., bakken #35593 - oasis petroleum north america llc, bobby 5502 42-11 2bx, sesw 11-155n-102w, williams co., bakken ... #34408 – eog resources, inc., round prairie 29-1522h, nene, section 15-154n-103w, williams co. change of operator: EOG received properties in East Texas and the Oklahoma Panhandle in exchange for properties in California and the Gulf of Mexico. t SKE) einen historischen Tiefststand. We think these E&P companies have strong balance sheets and are not at risk. We’ve cut our fair value estimates on these stocks by more than 10%, but we still like the fundamentals of these companies--at the right price. [15] The company announced major discoveries in 2010 in the Eagle Ford Group. [9] In February 2000, the company also swapped properties with Burlington Resources. Top equity-fund managers made few high-conviction purchase in the third quarter, continuing a nine-quarter trend. Wyoming’s Converse County received a late December Christmas present when the Bureau of Land Management (BLM) approved the development of 5,000 oil and gas wells in the Powder River Basin.Anticipating the Biden inauguration, there was a big push to ink the deal that finally came to fruition after the completion of a seven year environmental analysis. EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. Net production averaged 818 thousand barrels of oil equivalent per day in 2019 at a ratio of 72% oil and natural gas liquids and 28% natural gas. In the Williston/Bakken region, Marathon Oil’s competitors include ConocoPhillips , Continental Resources , Devon through its upcoming WPX Energy merger, EOG Resources , Equinor , and Hess . But recovery is inevitable, and stocks look very cheap--just watch out for bankruptcy risk. Within energy, oilfield services look cheapest overall, trading at a median 52% discount to fair value. The past Morningstar Manager of the Year winners favor credit card firms, split views on Facebook, address China's importance, extol executives' foresight for future growth and disruption, and much more in this panel presentation at the Morningstar Investment Conference. Previous Experience. Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies. The board of EOG Resources Inc. has promoted Ezra Y. Yacob to president of EOG effective immediately, the company said in a Jan. 4 release. [1], In 2019, the company's production averaged 818 thousand barrels of oil equivalent (5,000,000 GJ) per day, of which 94% was in the United States, 5% was in Trinidad and Tobago, and 1% was in other areas. NOG | Complete Northern Oil & Gas Inc. stock news by MarketWatch. Ezra Y. Yacob. Here's what they bought. The acquisition increased the company's holdings by 176,000 net acres in the Delaware Basin, 200,000 net acres in the Powder River Basin, and 138,000 net acres on the Northwest Shelf in New Mexico. At the end of 2019, it reported net proved reserves of 3.3 billion barrels of oil equivalent. [11], The company acquired properties in Canada from Husky Energy for $320 million in 2003. Our directory contains producing operators, active oil / gas purchasers, and royalty acquisition companies. Houston-based EOG Resources amassed the most permits this year -- 1,024 -- including 549 since September, according to AP's analysis. Douglas E. Brooks serves as our Board Chair and Chief Executive Officer.He currently serves on the Board of Directors for California Resources Corporation. bakken #32299 - eog resources, inc., wayzetta 405-0817h, nwnw 8-153n-90w, mountrail co., bakken #36462 - hess bakken investments ii, llc, en-ruland- 156-94-3328h-5, lot1 4-155n-94w, mountrail co., bakken confidential wells plugged or producing: ResumeMatch - Sample Resume, Resume Template, Resume Example, Resume Builder,Resume linkedin,Resume Grade,File Convert. Storage Fears Spark Epic Collapse for WTI Crude. CLR | Complete Continental Resources Inc. stock news by MarketWatch. Energy stocks surged on Nov. 9 following Pfizer's announcement of favorable phase 3 data on its COVID-19 vaccine. EOG engineers in Midland, Texas, were pleased but not satisfied with the company’s 99.5% gas capture rate. [2] In the 2020 Forbes Global 2000, EOG Resources was ranked as the 337th -largest public company in the world. [18][19] Also in December 2014, founder Mark G. Papa resigned from the board of directors. [1], The company owns approximately 134,000 net acres with 23 net producing wells in the Horn River Formation. If You Blinked, You Missed the Most Recent Dip. The number of resolutions and the increasing levels of support reflect shareholders' growing concerns about the climate-resilience of their portfolios. And though Eagle Ford and Bakken seem to hold far less oil, EOG Resources, which has been working Eagle Ford, has increased its estimates of the site’s reserves. Previously, Mr. Brooks served on the Board of Directors of Chaparral Energy, Inc. from 2017 to October 2020 and also served on the Board of Directors of Madalena Energy Inc. (now Centaurus Energy, Inc.) in Canada. Since December 2017, Yacob has held the position of executive vice president of E&P responsible for EOG… The managers at Oakmark have dug through the market's rubble. [16], In May 2011, the company sold gas-producing properties in South Texas and New Mexico for $637 million. [3]. EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration.It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.. Resources. EOG Resources is known as the "Apple of Oil" for its use of technology and big data to aid in drilling operations.The company has a $29 billion market cap. [25][26], As of December 31, 2019, the company had 3.329 billion barrels of oil equivalent (2.037×1010 GJ) of estimated proved reserves, of which 98% was in the United States, 2% was in Trinidad and Tobago, and a negligible amount was in Canada and China. EOG Resources says that it has taken steps to minimise the environmental impact of its operations. This site is protected by reCAPTCHA and the Google [5] In 1999, the company became independent from Enron and changed its name to EOG Resources, Inc.[6][7][8], In 2000, the company swapped properties with Occidental Petroleum. [14], In 2008, the company acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan Province, China from ConocoPhillips. The Morningstar Ultimate Stock-Pickers Team, Ultimate Stock-Pickers: Top Managers' High-Conviction Picks. [24], In September 2018, the company sold its assets offshore the United Kingdom. [10] The company was added to the S&P 500 index in October 2000. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Download NGI's 2021 ... mainly in the Permian Basin and Bakken Shale, ... ConocoPhillips, Devon Energy Corp., EOG Resources Inc. and Murphy Oil Corp. researchers said. [17], In December 2014, the company sold its assets in Canada. Terms of Service apply. Cover Letter for Jobs Our median covered energy stock trades at a 37% discount to our fair value. E&Ps are also at a 45% median discount to fair value. Oil prices (West Texas Intermediate) were also up about 8%. [1][15], "EOG Resources, Inc. 2019 Form 10-K Annual Report", "EOG established as an independent entity", "Enron Sells Most of Its Stake In EOG Back to Company", "Enron Oil & Gas finalizes separation with Enron through stock deal", "Occidental, EOG Resources Swap Oil and Gas Assets", "EOG Resources 2000 Annual Report to Shareholders", "EOG Resources to relocate, expand downtown office", "ConocoPhillips OKs Sale of China Gas Field to EOG", "EOG sees Eagle Ford shale as major US oil discovery", "EOG Resources sells $637 million in assets", "EOG Resources Divests Majority of Canadian Assets", "EOG Resources sells bulk of Canadian assets", "EOG Resources Announces Mark G. Papa Leaving Board of Directors", "EOG Resources Reports Third Quarter 2015 Results; Increases Delaware Basin Net Resource Potential by 1.0 BnBoe", "EOG Resources and Yates Agree to Combine in Transaction Valued at $2.5 Billion", "EOG Resources Inc. to buy Yates Petroleum Corp", "EOG, Carlyle Group create $400-million Oklahoma drilling combine", "EOG Resources sells U.K. offshore oil and gas assets", "Mercuria-backed Tailwind buys EOG's UK oil, gas assets", https://en.wikipedia.org/w/index.php?title=EOG_Resources&oldid=999935592, Companies listed on the New York Stock Exchange, Natural gas companies of the United States, Non-renewable resource companies established in 1999, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 January 2021, at 18:13. View real-time stock prices and stock quotes for a full financial overview. EOG Resources is not only a leading gas producer in the United States but is also known as a crude oil and natural gas supplier in Trinidad, the UK, China, and Canada. Widespread social distancing due to the coronavirus has dragged down gasoline consumption and storage utilization is rapidly climbing. At EOG, he played an integral role in the long term strategy and development plans for EOG’s Bakken, DJ and Powder River assets, as well as the budgeting and forecasting for the Division. Bronze-rated Fidelity Select Energy's manager is a career energy investor who applies a consistent process. [22][23], In 2017, the company formed a joint venture with The Carlyle Group to develop oil and gas assets in Ellis County, Oklahoma. The Bakken Formation (/ ˈ b ɑː k ən /) is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km 2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba.The formation was initially described by geologist J.W. In the 2020 Forbes Global 2000, EOG Resources was ranked as the 337th -largest public company in the world.. Services of language translation the ... An announcement must be commercial character Goods and services advancement through P.O.Box sys Der Energieverbrauch in Deutschland ist 2020 um 8,7 Prozent gegenüber dem Vorjahr zurück gegangen und erreichte mit 11.691 Petajoule (PJ) oder 398,8 Millionen Tonnen Steinkohleneinheiten (Mio. The company was named Enron Oil & Gas Company before its separation from Enron in 1999. Investors voted on 177 shareholder resolutions addressing sustainability issues. The company also owns properties in the Austin Chalk, Anadarko Basin, the Fort Worth Basin, and the Marcellus Shale. Gallagher说完这些话一周后，全美国的钻井数量跌到了15年最低的172口，不久之后他同意将欧芹卖给竞争对手先锋自然资源公司（Pioneer Natural Resources）。 ④ 另外，钻井活动回升的另一个原因是，生产商们担心美国当选总统拜登可能会在上任后遏制联邦土地上的页岩油裂压活动。 Ultimate Stock-Pickers: Top 10 Buys and Sells. We think the sell-off has been overdone, and as such energy stocks continue to look undervalued overall. While strong technical factors continue to drive the corporate bond market in the short term, portfolio managers are also sharpening their sell lists. Ultimate Stock-Pickers: Top 10 High-Conviction and New-Money Purchases. View real-time stock prices and stock quotes for a full financial overview. In total, EOG has about 2,500 federal permits approved or … [21], In September 2016, the company acquired Yates Petroleum for 26 million shares of common stock valued at $2.3 billion and $37 million in cash. We skinny down the number of holdings for this mid-50s couple who wants to make sure their ample portfolio is on the right track. Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. [1], As of December 31, 2018, of the company's total proved reserves in the United States, 53% was petroleum, 21% was natural gas liquids, and 26% was natural gas.