EOG -- 1Q19 -- Presentation

Note: this is an old presentation, for period covering the first calendar quarter of 2019. The 2Q19 presentation will be appearing shortly. 

According to EOG's 1Q19 corporate presentation, EOG was the nation's largest horizontal oil producer, in thousands of bbls/per day production (the chart said "oil," not boe);

• EOG: 555
• COP: 295
• CXO: 265
• MRO: 255
• PXD: 250
• APC: 230
• XOM: 220
• DVN: 210
• CLR: 205
• FANG: 155
• CHK: 145

Free cash flow for EOG:

• WTI, at $50: almost zero free cash flow but able to maintain dividend
• at $60: good free cash flow
• at $70: very, very good cash flow

2Q19 guidance:

• crude oil volume: 447 - 455K bopd

Net completions planned for 2019:

• Bakken: 20
• Delaware Basin: 270
• Woodford: 30
• Eagle Ford: 300

Net undrilled premium locations:

• Delaware Basin: 4,815
• Eagle Ford: 2,300
• Powder River Basin: 1,630
• Bakken/Three Forks: 330

2019 average drilling rigs:

• Delaware Basin: 20
• Eagle Ford: 10
• Powder River Basin: 2
• Bakken/Three Forks: 1

Bakken plays -- complete wells and build facilities during warmer months

• Bakken Core (core)
• Antelope Extension (core) -- will be developed in 2019
• Bakken Lite (non-core)
• State Line (non-core)
• Elm Coulee (non-core)