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Stock Market & Financial Investment News

News Breaks
February 13, 2013
17:23 EDTEOGEOG Resources increases dividend to 18.75c from 17c per share
Effective with the dividend payable on April 30, to holders of record as of April 16, the quarterly dividend on the common stock will be 18.75c per share, an increase of 10% over the previous indicated annual rate.
News For EOG From The Last 14 Days
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December 16, 2014
09:16 EDTEOGOn The Fly: Pre-market Movers
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07:30 EDTEOGEOG Resources downgraded to Equal Weight from Overweight at Morgan Stanley
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December 9, 2014
07:01 EDTEOGEOG Resources coverage resumed with a Hold at Stifel
December 8, 2014
18:37 EDTEOGEOG Resources divests majority of Canadian assets
EOG Resources announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1. Approximate proceeds from the divestitures were US$410M, net of customary transaction adjustments. As a result of these transactions, approximately US$150M of restricted cash related to future abandonment liabilities was released. The proceeds and cash will be utilized for general corporate purposes. Current forecast production from the divested assets is approximately 7,050 barrels of crude oil per day, 580 barrels of natural gas liquids per day and 43.5M cubic feet of natural gas per day. Net proved reserves divested are estimated to be 7.7M barrels of oil, 0.8M barrels of NGLs and 78.7B cubic feet of natural gas. EOG divested 1.3M gross acres, 97% of which were in Alberta. Of the approximate 5,800 producing wells sold, 5,255 were natural gas. EOG has retained approximately 382,200 gross acres in Alberta, British Columbia and Saskatchewan. EOG will maintain an operations office in Alberta

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