[WorldKings - Wowtimes - Almanac Events & Achievements 2024] Milestones on the 25-year journey of energy group EOG Resources, Inc. (1999)

08-02-2024

(worldkings.org) EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.

The company’s milestones: 

1999: EOG Resources, Inc. (EOG) was born, declaring its independence from Enron Corp.

2000: The company signed a 15-year natural gas supply contract with the National Gas Company of Trinidad and Tobago Limited (NGC) to supply an ammonia plant.

 

 

2002: The company announced the Parula natural gas discovery, added two new offshore exploration blocks, successfully started up the CNC Ammonia Plant and signed a 25-year extension on the offshore SECC Block.

2005: The company commenced natural gas production to supply feedstock for the M5000 Methanol Plant in Trinidad.

2006: The company’s overall organic year-over-year production increased 9% and United States natural gas production grew 14% driven by our activity in the Fort Worth Basin Barnett Shale, Northeastern Utah Uinta Basin and South Texas Frio and Lobo Plays.

2009: The first train to transport crude oil for EOG Resources departed Stanley, North Dakota on December 31.

 

 

2010: The company announce the South Texas Eagle Ford oil play, more than half a million-net acre position there, and for the first year in EOG’s history, it generates more revenues from crude oil, condensate and natural gas liquids production than from natural gas production

2012: The company opened a crude-by-rail unloading terminal in St. James, Louisiana, giving it expanded access to the Gulf Coast refining markets.

2016: EOG merges with a historic New Mexico oil and gas company, Yates Petroleum, which adds 260,000 net acres in the core areas of the Delaware Basin and Powder River Basin.

2019: EOG announced two new premium plays in the Delaware Basin, the Wolfcamp M and Third Bone Spring, adding 1,500 premium net drilling locations and estimated net resource potential of 1.6 BnBoe.

 

 

2022: EOG also reduced GHG intensity and methane emissions percentage and increased wellhead gas capture rate to 99.9%, achieving the company's near-term emission targets. The company also initiated deployment of a new continuous methane leak detection system called iSenseSM.

According to eogresources.com; en.wikipedia.org. Source of photos: internet


Bee (Collect) - WORLDKINGS (Source of photos: Internet)

 

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