EOG Resources Inc. is betting on high-quality rock in the Gulf Coast Basin and its growing premium inventory to help create value as the oil and gas sector moves through challenging times.

“Our newest play, Dorado, is a prime example,” EOG CEO Bill Thomas said during an earnings call Nov. 6. “It’s great rock in a great location and that’s a resource you can’t buy through M&A.”

The Houston-headquartered company believes the Dorado natural gas play has an estimated net resource potential of 21 Tcf in 700 ft of stacked pay in the Austin Chalk and Eagle Ford Shale formations.

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