Core Insights - The U.S. rig count has decreased, indicating a slowdown in drilling activities within the oil and gas industry [1][4][5] - The current rig count reflects a decline from both the previous week and the same week last year, suggesting a potential shift in demand for oilfield services [4][5] Rig Count Overview - The total U.S. rig count fell to 582 for the week ended Nov. 27, down from 583 the previous week and 625 a year ago [4] - Onshore rigs totaled 567, a decrease from 568 the prior week, while offshore rigs remained stable at 13 [5] - The oil rig count decreased to 477 from 479 the previous week and 505 a year ago, significantly lower than the peak of 1,609 in October 2014 [5] - The natural gas rig count rose to 100, slightly above the previous week's count of 99, but still below last year's figure of 116 [6] Rig Count by Type - Vertical drilling rigs remained unchanged at 16, while horizontal/directional rigs decreased to 566 from 567 [7] - The Permian Basin, the most prolific area for oil and gas, recorded a rig count of 303, consistent with the previous week but lower than 314 a year ago [8] Market Conditions - West Texas Intermediate (WTI) crude is trading above $68 per barrel, creating a favorable environment for exploration and production despite reduced drilling activity [9] - U.S. oil and gas companies benefit from lower breakeven WTI prices, positioning them for profitability [9] Company Focus - EOG Resources is recognized as a leading oil and gas explorer and producer, with a strong outlook due to its extensive inventory of high-quality drilling wells [12] - Matador Resources is focusing on record production and cost-saving techniques, enhancing profitability and financial flexibility through strategic acquisitions and asset sales [13]

In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oi ...

In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oi ...

Group 1 - EOG Resources has generated over $20 billion in free cash flow since 2020, with the majority returned to shareholders [1] - Historically, the distribution of free cash flow has been approximately 80% through dividends and 20% through share buybacks [1] - The increase in commodity prices has led to higher shareholder dividends, emphasizing the importance of careful investment choices in the oil and gas sector [1] Group 2 - The platform provides deep dive analysis covering a wide range of companies in the oil and gas industry, including pipelines, renewables, and producers [2] - The EIA portfolio has outperformed benchmarks in six out of the past seven years, indicating the effectiveness of the research provided [2] - A free trial is available for investors seeking actionable research to enhance their portfolio performance [2]

EXHIBIT 99.1 sources November 7, 2024 EOG Resources Reports Third Quarter 2024 Results and Raises Regular Dividend 7% HOUSTON – (PR Newswire) – EOG Resources, Inc. (EOG) today reported third quarter 2024 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors. Key Financial Results In millions of ...

Wall Street expects a year-over-year decline in earnings on lower revenues when EOG Resources (EOG) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better than ...

In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week's figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications. Baker Hughes' data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company's o ...

Technical analysis patterns form on charts because of investor and trader psychology. This is why the same patterns appear on the charts of different securities. The securities may be different, but the psychology of the people who are trading them is the same. For example, markets tend to find support at price levels that had been support before. This happens because of remorseful sellers. As you can see on the chart, shares of EOG Resources, Inc. EOG found support at the $118 level three times since June. ...

HOUSTON, Sept. 24, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss third quarter 2024 results on Friday, November 8, 2024, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year. If you have any questions, please contact Angie Lewis at 713-651-6722. About EO ...

EOG Resources, Inc. (EOG) , a leading exploration and production company, is likely to see earnings growth of almost 2% this year. Factors Working in Favor of EOG The price of West Texas Intermediate crude is trading at more than the $70 per barrel mark, which is highly favorable for upstream operations. EOG Resources, currently carrying a Zacks Rank #3 (Hold), is well-placed to capitalize on the promising business scenario. It has significant undrilled premium locations, resulting in a brightened productio ...