Whether EOG Resources s the Apple of unconventional oil is a question pondered by IBD in a recent article. It continues to use the latest and greatest technologies, and set the pace for the competition.
- EOG continues to use the latest technologies to improve well results, and its most recent Delaware producers are some of the best in the country
- While Chevron has underperformed its peers with respect to production, Concho's results have been very good
- EOG might have ruined the curve, so to speak, with its most recent wells outperforming but Concho looks to be an interesting investment going forward
- Delaware well results seem to show its geology is better than Midland, and acreage valuations should grow at a faster pace than in the east
EOG uses many technologies. It would be difficult to cover all of the known (and unknown) ways it increases production in one article, but we are covering EOG's production from this core area. This should better show how much upside other operators have, if it can duplicate results. The beauty of the unconventional oil industry is its ability to replicate and improve. Many have said these results have topped out. This has been the case for years, and those have only been proven wrong.This post appeared on the very day that EOG reported some incredible wells with high-intensity fracks in the Bakken.