references to primary sources . please improve this by adding secondary or tertiary sources . july 2012 learn how and when to remove this template message eog resources inc. type public company traded as nyse eog s & p 500 component industry petroleum industry founded 1999 founder mark g. papa headquarters heritage plaza houston texas united states key people william r. thomas ceo & chairman gary l. thomas coo & president lloyd w. helms jr. executive vice president david w. trice executive vice president timothy k. driggers cfo 1 products petroleum natural gas natural gas liquids production output 572.2 thousand barrels of oil equivalent 3 501 000 gj per day 1 revenue us 8.757 billion 2015 1 operating income us 6.686 billion 2015 1 net income us 4.524 billion 2015 1 total assets us 26.975 billion 2015 1 total equity us 12.943 billion 2015 1 number of employees 2 760 2015 1 website www.eogresources.com heritage plaza in houston texas the headquarters of eog resources eog office corpus christi division . eog resources inc. successor to enron oil & gas company is a petroleum and natural gas exploration company headquartered in the heritage plaza building in houston texas . contents 1 current operations 1.1 united states 1.1.1 eagle ford shale 1.1.2 permian basin 1.1.3 rocky mountains 1.1.4 other areas 1.2 north sea 1.3 trinidad 1.4 china 2 history 2.1 1998 2000 2.2 2003 2005 2.3 2006 2008 2.4 2009 2011 2.5 2012 2014 2.6 2015 2017 3 references 4 external links current operations edit the company is ranked 167 on the fortune 500 . 2 the company has reserves in the united states canada trinidad the united kingdom and china . 1 as of december 31 2015 the company had 2.118 billion barrels of oil equivalent 1.296 1010 gj of estimated proved reserves of which 52 % was petroleum 18 % was natural gas liquids and 30 % was natural gas . of these proved reserves 97 % were located in the united states and 3 % were located in trinidad . 1 in 2015 the company s production averaged 572.2 thousand barrels of oil equivalent 3 501 000 gj per day of which 89 % was in the united states including 42 % in the eagle ford shale 10 % was in trinidad and 1 % was in other areas . 1 united states edit as of december 31 2015 of the company s total proved reserves in the united states 53 % was petroleum 19 % was natural gas liquids and 28 % was natural gas . 1 eagle ford shale edit as of december 31 2015 eog is the largest petroleum producer in the eagle ford . in 2015 production by the company in the eagle ford averaged 238.8 million barrels of oil equivalent 1.461 109 gj per day which was a 3 % increase from 2014 levels . 1 in 2014 the company realized a 39 % increase in well productivity on certain wells in the eagle ford as a result of a new technology that it developed that involves stimulating the rock more evenly along the wellbore . 3 in 2015 the company has cited technology and cost reductions as reasons for improved production . 4 permian basin edit in 2015 production by the company in the permian basin averaged 43 thousand barrels of oil equivalent 260 000 gj per day which was a 30 % increase from 2014 levels . the company owns properties in the leonard wolfcamp second bone spring sand and the delaware basin shale plays . 1 rocky mountains edit in the rocky mountains the company owns properties in the williston basin bakken formation and the turner parkman and niobrara formations in the powder river basin . in 2015 production in the rocky mountains averaged 65 million barrels of oil equivalent 400 000 000 gj per day . 1 other areas edit eog also owns properties in the anadarko basin haynesville shale barnett shale and the marcellus shale . north sea edit in 2007 eog was awarded a license for two blocks in the east irish sea and in 2009 the company drilled a successful test well . first production from the conwy field is anticipated in march 2016 . 1 trinidad edit as of december 31 2015 eog held approximately 40 000 net undeveloped acres in trinidad . 1 china edit in 2008 eog acquired assets in the chuan zhong block exploration area in the sichuan basin sichuan province china from conocophillips . 5 in 2015 eog drilled four wells in china providing a positive outlook for future development . 1 history edit 1998 2000 edit in 1998 the board of directors of the company elected mark g. papa chairman and chief executive officer . 6 its predecessor company enron oil and gas company became independent from enron corp. in 1999 and changed its named to eog resources inc. eog . 7 in 2000 the company swapped properties with occidental petroleum . eog received properties in east texas and the oklahoma panhandle in exchange for properties in california and the gulf of mexico . 8 in 2000 the company also swapped properties with burlington resources . eog received properties in west texas and the new mexico specifically in the permian basin in exchange for properties in texas and oklahoma . 9 also in 2000 the company was added to the s & p 500 index . 10 2003 2005 edit in 2003 the company acquired properties in canada from husky energy for 320 million . 11 2006 2008 edit in 2006 the company signed a 225 648 square feet 20 963.4 m2 lease for office space in the heritage plaza building in houston texas . 12 in 2008 eog acquired assets in the chuan zhong block exploration area in the sichuan basin sichuan province china from conocophillips . 5 2009 2011 edit in 2010 the company announced major discoveries in the eagle ford shale . 13 2012 2014 edit in 2014 eog sold its assets in canada . 14 in 2014 founder mark g. papa resigned from the board of directors . 15 2015 2017 edit in 2015 the company spent 368 million to acquire additional acreage in the delaware basin . 16 in 2015 as a result of a decline in commodity prices the company reduced its capital expenditure budget by over 40 % . in 2016 the company plans to reduce its capital expenditure budget by an additional 31 % . 17 in september 2016 eog resources and yates petroleum agreed to combine assets under the terms of a private negotiated transaction in which eog agreed to issue 26 million shares of common stock valued at 2.3 billion and pay 37 million in cash . the acquisition increased eog s holdings by 176 000 net acres in the delaware basin 200 000 net acres in the powder river basin and 138 000 net acres on the northwest shelf in new mexico . the acquisition adds 1 740 premium wells defined as those which produce an after tax rate of return of 30 % or greater at 40 bbl oil within the powder river and delaware basins alone . closing is anticipated to occur in early october 2016 . 18 references edit a b c d e f g h i j k l m n o p q r eog resources inc. 2015 form 10 k annual report fortune 500 eog resources miller tabak upgrades eog resources calls it leader in unconventional energy . benzinga . november 5 2014 . eog new technology in the eagle ford . eaglefordshale.com . september 21 2015 . a b conocophillips oks sale of china gas field to eog . rigzone . dow jones newswires . december 28 2007 . enron oil & gas company board names mark g. papa president ceo adds papa john duncan and richard a. causey to board of directors and declares regular quarterly dividend on common stock ; forrest e. hoglund to remain as chairman of board . prnewswire . september 8 1998 . enron to spin off oil gas unit . newsok . july 21 1999 . occidental eog resources swap oil and gas assets . globe newswire . january 3 2000 . eog resources inc. and burlington resources exchange oil and gas properties . globe newswire . february 10 2000 . eog resources added to s & p 500 index . prnewswire . october 31 2000 . eog resources inc. announces canadian acquisition . august 20 2003 . eog signs for 225 000 sf at heritage plaza . costar . april 4 2006 . eog resources announces 2010 analyst conference highlights . april 7 2010 . eog resources divests majority of canadian assets . prnewswire . december 8 2014 . eog resources announces mark g. papa leaving board of directors . december 17 2014 . eog resources reports third quarter 2015 results ; increases delaware basin net resource potential by 1.0 bnboe . prnewswire . november 5 2015 . e & p poised to squeeze budgets even more in 2016 . oil and gas investor . december 14 2015 . eog resources and yates agree to combine in transaction valued at 2.5 billion . eog resources inc. retrieved 2016 09 22 . external links edit companies portal houston portal eog resources eog resources inc. 2015 form 10 k annual report retrieved from https en.wikipedia.org w index.php title eog resources & oldid 744131032 categories companies based in houstonoil companies of the united statescompanies listed on the new york stock exchangenon renewable resource companies established in 1999economy of fort worth texaseconomy of denvereconomy of pittsburgheconomy of oklahoma cityeconomy of londontyler texasmidland texasport of spaineconomy of calgaryeconomy of corpus christi texashidden categories articles lacking reliable 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