(Reuters) - U.S. shale producer EOG Resources said it anticipates well cost to increase by 10% next year, on top of a 7% increase in 2022, as inflation continues to snarl the oilfield.
EOG, which this week announced it had extended operations into Ohio, will maintain low single-digit oil growth next year. Oil equivalent growth, which includes gas and liquids, will grow at a low double-digit rate, executives told investors on Friday.
(Reporting by Liz Hampton in Denver)
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| 83.63 USD | +0.54% | -4.42% | - | ||
| 130 USD | -1.35% | -4.19% | 74.72B | ||
| 78.89 USD | +0.90% | -5.21% | - | ||
