Motley Fool has a nice story on EOG/CEO.
.... First, EOG's focus on cutting costs, specifically with regard to
its purchase of a sand mill that cuts out the high markups associated with sand purchases, is saving the company around $1 million per well. [See MDW, January 20, 2013, point #2.]
Second, rather than shipping oil to Cushing, Okla., or selling oil
directly from the well and accepting the West Texas Intermediate price,
EOG and peers Hess and Continental Resources have been shipping their Bakken-drilled oil by rail
to Louisiana and are being paid a handsome $20-$25 premium at the Brent
crude spot price. Even with the added costs of shipping, these
companies earn significantly more
than if they were selling their product locally. Continental, for
instance, is shipping 65% of its daily production to Louisiana.
But, as Joel also notes, EOG has been able to increase its liquids
production volume at a faster rate than any other U.S. producer since
2010, giving it the edge over all of its peers. Looking ahead, EOG's
Papa upped his company's oil and liquids forecast in its most recent
quarter to 40% and 38% from 37% and 35%, respectively, and pumped EOG's
production forecast to 10.6% growth from 9%.
There's a lot more one could add. Some of the additional data points are at the second link above.
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