EOG Resources, Inc. told investors its breakevens would trend downward while
adding more wells at lower finding and developing costs. Its breakevens have fallen from
more than $80/bbl a few years ago to $55/bbl last year to $50 this year, EVP Ken Boedeker
said at a June 18 industry conference. During the 2015-2016 downturn, EOG turned to a
premium drilling strategy with a 30%-plus after-tax return target assuming a flat oil price
of $40/bbl and gas at $2.50/Mcf.
EOG said......
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