EOG Resources

Oil & Gas Exploration

EOG Resources is an oil and gas exploration company based in Houston, Texas. Founded in 1999, EOG Resources has grown to become the largest oil producer in Texas, the largest onshore crude oil producer in the lower 48 United States, and the fourth-largest oil and gas producer in the United States.

The shale plays where EOG Resources is currently active include; the Eagleford Shale, the Delaware Basin, the Williston Basin Bakken Formation, and the Niobara Formation. As of December 31, 2017, they were the largest producer of oil in the Eagleford shale.

To contact EOG Resources, visit their website at www.eogresources.com.

EOG Resources
1111 Bagby Street, #28
Houston, TX 77002
(713) 651-7000

History of EOG Resources

Formerly known as Enron Oil & Gas Company, EOG Resources, Inc. adopted its new name under the management of its new Chairman and CEO Mark G. Papa and the President and Chief of Staff Edmund P. Segner.

EOG swapped and acquired properties to expand the area of operations. In 2000, the company was added to the S&P 500 index. From 2007-2014, EOG was included in Fortune’s “100 Best Companies to Work For. “ EOG became the largest producer of oil in the onshore lower 48 states. This enables them to reach 300 thousand barrels of oil per day as the gross operated production by September of 2013.

Currently, EOG has reserves in the United States, Canada, Trinidad and Tobago, the United Kingdom, and China. As of December 31, 2016, the company had 2.118 billion barrels of oil. This is equivalent to estimated proved reserves of which 52 percent was petroleum, 18 percent was natural gas liquids, and 30 percent was natural gas.

Current Key Officials

• William R. Thomas – Chairman and Chief Executive Officer
• Gary L. Thomas – President and Chief Operating Officer
• Lloyd W. Helms, Jr.- Executive Vice President, Exploration, and Production
• David W. Trice – Executive Vice President, Exploration, and Production

Oilfield Service Companies and EOG Resources

Oilfield services companies perform a variety of work for EOG Resources such as site preparation, hauling of water and frac sand, well testing, and roustabout work.

Oilfield services companies often wait for 30, 60, or 90 plus days, on invoice payments from their customers. Such a long wait has a serious impact on the operational and financial stability of these companies. With improved cash flow, oilfield service companies can grow stronger financially and develop more efficient operations to serve their customers.

Oilfield Factoring With Scale Funding

Scale Funding is a leader in factoring invoices for oilfield services companies. Our factoring programs are customized to fit the unique needs of each company. We understand timing is critical for many companies and our account set up process is designed to get clients set up quickly, so they can continue to focus on their business. For more information on oilfield factoring, call 800-707-4845.