EOG Still Seeing Efficiency and Performance Improvements

EOG is one of the largest independent oil and gas producers. Most of its production comes from U.S. shale fields, with a small contribution from Trinidad. The firm differentiates itself by finding prospective areas before peers catch on, enabling it to secure leasehold at attractive rates, rather than overpaying for land after the market overheats. It has only one large-scale M&A deal under its belt, related to its 2016 entry to the Permian Basin. Nevertheless, the firm is also active in most other name-brand shale plays, including the Bakken and Eagle Ford. Additionally, the focus now includes the Powder River Basin and a new natural gas play in southern Texas called Dorado.