Tremendous production of oil and other liquids led the charge for EOG Resources (NYSE: EOG) as it closed out the year on a very positive note. While near term production is expected to continue climbing higher, the company also left investors with a lot to smile about regarding many years down the road. In arguably its most important basin, the Eagle Ford, the company raised its recoverable reserve estimate by 45%. To find out why this is so important to EOG and companies like Chesapeake Energy (NYSE: CHK), tune in to our short video clip below.

Buffett has been building out exposure to energy companies. What else can we learn?

This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
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