Replies to post #83 on EOG Resources Inc. (EOG)

[Fletch]

Didn't look good last night after earnings and early this morning. Coming back just fine,
Fletch

[Timothy Smith]

Management wanted to convey that EOG would not grow production as long as crude oil prices remained "low." As such, the rig count dropped from 54 in 2014 to just 27 in 2015, a gigantic 50% cut.

Management also dropped capital expenditure to just under $5 billion. All that capital expenditure will just go to maintain production.