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3 Reasons to Buy EOG Resources

Incredible efficiency keeps costs down and production up, what more could investors want from an oil company?

By Joel South and Taylor Muckerman – Nov 30, 2012 at 9:00AM EST

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.

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About the Author

Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage. Follow @tmfenergy

XMFTheWhisperer

Stocks Mentioned

EOG Resources

NYSE: EOG

$141.79

(+0.97%)+$1.37

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.