EOG Resources, Inc. (EOG) is a leading Texas-based energy company engaged in the exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids. With a ...

West Texas Intermediate crude is hovering around the $75 per barrel mark, which is highly favorable for upstream operations. EOG Resources ... per well in the Midland Basin.

Favorable oil prices are aiding EOG. However, as an upstream company, it is highly exposed to extreme volatility in commodity prices.