EOG Commits to ‘Staying Disciplined’ amid Market Uncertainty
The company also looks to focus on its premium inventory as it pursues exploration opportunities.
A Permian Basin rig is shown at sunset. (Source: GB Hart/Shutterstock.com)
If the oil market remains oversupplied, don’t expect EOG Resources Inc. to grow production.
“We’re a part of the solution and not part of the problem,” Bill Thomas, the company’s president and CEO, said Sept. 9 during the virtual Barclays CEO Energy-Power Conference. “We’re committed to staying very disciplined and not supplying oil into an oversupplied market.”