$EOG - now the largest oil producer in the lower 48 states and posting industry leading 40% crude oil production growth over the last five years - has established enviable acreage positions in the Eagle Ford and Bakken shales through its first-mover advantage, and is now optimizing the development of the acreage.
$EOG is investing heavily in order to explore new growth opportunities and to sustain its successful operations. In 2014 EOG's expected capital expenditure is $8.1 billion to $8.3 billion. This capital investment in 2014 is about 14% to 17% higher than 2013's figures. A majority of the investment will be made in top plays with healthy growth prospects. Eagle Ford, Bakken, Permian and Rockies are the top plays where EOG is making huge investments. These investments will help EOG to bring growth to its top and bottom lines in the coming years.
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