Deutsche Bank Upgrades EOG Resources (EOG) to Buy
- Futures extend losses after economic data
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- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
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EOG Resources Announces Second Quarter 2016 Results; Increases Premium Well Inventory by 34%
August 4, 2016 4:17 PM EDTHOUSTON, Aug. 4, 2016 /PRNewswire/ --
Increases Net Premium Inventory to 4,300 Locations and Total Net Premium Resource Potential to 3.5 BnBoe Premium Inventory Well-Level Rates of Return Exceed 30 Percent at $40 Crude Oil Price Beats All U.S. Production and Operating Cost Targets Raises 2016 U.S. Crude Oil Production Guidance Announces $425 Million in Proceeds from Asset Sales Provides Crude Oil Production Growth Outlook through 2020