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Title : EOG Announces 1Q17 Earnings
link : EOG Announces 1Q17 Earnings

EOG Announces 1Q17 Earnings

From an EOG press release, 1Q17 results:

• exceeded high-end oil production forecast
• increased premium net resource potential by 27% to 7.5 billion boe
• reduced the cost to complete a well by 6% in major plays compared to 2016
• completed four record-setting Permian Basin horizontal oil wells
• 1Q17 net income: $28.5 million (5 cents/share) compared to 1Q16 of a net loss $471.8 million (86 cents/share)
• adjusted: $89.2 million (15 cents/share) vs 1Q16 of a loss of 455.4 million  (83 cents/share) 
• company record: 315,700 bopd

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