In the video below, Motley Fool energy analysts Joel South and Taylor Muckerman discuss gas and oil producer EOG Resources (NYSE: EOG). With the strong oil growth in both the Bakken Shale and Eagle Ford Shale plays, EOG offers positive signs for long-term investors.
EOG is dominating its field. With peer-crushing technical efficiency, it simply is able to more cheaply and quickly produce liquids, specifically oil. It does so at a cost of $1 million-$2 million per well less than competitors Kodiak Oil & Gas (NYSE: KOG) and Continental Resources (NYSE: CLR) in the Eagle Ford and Bakken. EOG also is able to sell its product for a least 10% more as well, making for a very powerful combination.
Watch for more about this low-cost leader and find out why the future looks bright for this E&P leader.