Sustainable Cost Reduction From Innovation and Efficiency
Days to Drill1
Completed Lateral Feet per Day1
Sand and Water Costs per Well1 ($M)
17.1
10.0
1,900
1,295
705
-42%
1,030
2018
2019
2020
2021
2018
+85%-46%
2019
2020
2021
2018
2019
2020
2021
Drilling Efficiencies
Completion Efficiencies
Services/Procurement
- In-House Engineered Motors
- Super-Zipper Completions
- Local Sand
- Simultaneous Operations
- Completion Design Innovations
- Water Reuse
- Longer Laterals + More Wells per Pad
- Proppant & Stage Length Optimization
- Pre-Purchased Pipe
- Real-time Completion Monitoring
- Unbundled / Self-Sourced Services
(1) Based on Wolfcamp U Oil wells, normalized to 7,500 feet and constant sand per foot.
Supplement - Feb 2022
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Disclaimer
EOG Resources Inc. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 22:52:54 UTC.
EOG Resources, Inc. specializes in natural gas and crude oil exploration and production. Net sales break down by activity as follows:
- sale of crude oil and condensed products (77.7%): 461,300 barrels sold per day in 2022;
- sale of natural gas (12.7%): 42.3 million m3 sold per day;
- sale of liquefied natural gas (8.9%): 197,700 barrels sold per day,
- other (0.7%).
Net sales are distributed geographically as follows: the United States (98.8%) and Trinidad (1.2%).
EOG RESOURCES, INC. 
