EOG -- 3Q19 -- Earnings

EOG press release here.

• exceeded crude oil production target range
• raised full-year 2019 crude oil growth target from fourteen to fifteen percent
• CAPEX near low end of target range
• generated "significant" net cash from operating activities and free cash flow
• reduced year-to-date well costs by five percent
• added 1,700 net premium locations to inventory now totaling 10,500 locations
• net premium locations now total over fourteen years of drilling inventory 
• new Delaware Basin Wolfcamp M and Third Bone Spring plays add 1.6 billion boe net resource potential
• "highly economic" at $40 oil and flat $2.50 natural gas price (company's definition of premium inventory)
• Wolfcamp M: an initial 855 net premium drilling locations; net resource of 1.0 billion boe across its 193,000 net acre position
• Third Bone Spring:
• 585 million boe across its 200,000 net acre position 
• net income for 3Q19: 
• $615 million vs $1.2 billion one year ago
• $1.06/share vs $2.05/share one  year ago
• adjusted: $1.13/share vs $1.75/share a year ago
• the Bakken was not mentioned in the press release except in the financial tables (mentioned once)
• brought 15 gross wells on line in the quarter
• brought 13 net wells on line in the quarter
• lateral length: 10,600 feet (longer than any other play)

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Coloring Inside The Lines