EOG Favorably Updates Long-Term Growth Outlook During the Third Quarter
EOG Resources reported strong third-quarter results, highlighted by another significant increase in what the firm is calling its premium well inventory. EOG classifies as premium those drilling locations that can generate well-level rates of return above 30% at $40 flat oil prices. During the third quarter, the company upped its premium well inventory by 40% to 6,000 locations, with most of those attributable to the recently acquired Yates assets.EOG also increased its expected drilling and com...
EOG Resources, together with its subsidiaries, explores for, develops, produces and markets crude oil, natural gas liquids and natural gas primarily in main producing basins in the United States, The Republic of Trinidad and Tobago, The People's Republic of China, Canada and, from time to time, select other international areas.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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