Tag: EOG Resources

Sheila McNulty

As US independents invite foreign and major oil and gas companies to invest in their shale assets to fund development, EOG Resources is refusing to follow the trend.

The Houston-based independent is transitioning from producing mostly natural gas to the more expensive business of producing mostly oil, but Mark Papa, EOG’s chairman and chief executive (pictured), told the FT he is not seeking partners for its shale oil assets:

We want to emerge from this transition without diluting these crown jewels and retain 100 percent of our best assets.

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