EOG Resources COO Helms Says On Target To Keep Well Costs Rising More Than 10% This Year; Expects To Drill Offshore Australia In 2024; Expects To Drill And Complete 15 Wells In The Utica Shale This Year And Increase Activity In 2024
Portfolio Pulse from Happy Mohamed
EOG Resources COO Helms announced that the company is on track to increase well costs by over 10% this year. They plan to drill offshore Australia in 2024 and complete 15 wells in the Utica Shale this year, with increased activity in 2024.
June 21, 2023 | 4:44 pm
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EOG Resources is set to increase well costs by over 10% this year, with plans to drill offshore Australia in 2024 and complete 15 wells in the Utica Shale in 2021.
The announcement of EOG Resources' plans to increase well costs, drill offshore Australia, and complete 15 wells in the Utica Shale indicates a positive outlook for the company's growth and expansion. This news is likely to have a positive impact on EOG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100