EOG Resources Inc (NYSE:EOG)

$ 129.4 -0.7 (-0.54%) Market Cap: 74.37 Bil Enterprise Value: 73.59 Bil PE Ratio: 10.22 PB Ratio: 2.60 GF Score: 87/100

EOG Resources Inc at UBS Global Oil and Gas Conference Transcript

May 22, 2019 / 07:00PM GMT

Release Date Price: $92.91 (-2.84%)

Transcript

Unidentified Analyst

Just want to get the next session started. I want to thank EOG for coming in here. Neil's somewhere. Neil is in the back. And then Ezra Yacob, who most of you know. And we're going to -- I think we're just going to do the Q&A. And if people have questions, just please jump in, or you can put them on the iPad and I will relay them. All right.

Questions & Answers

Unidentified Analyst

So Ezra, let's start with the first quarter. Capital efficiency looked fantastic. Capital came in below the budget. Can you just talk a little bit about what drove that? And then let's talk about the sustainability of that going forward.

Ezra Y. Yacob

EOG Resources, Inc. - EVP of Exploration & Production

Yes. Yes. That's -- I appreciate you bringing that up. We did. We had an outstanding first quarter. We couldn't more proud of it. And a lot of it's just the continued execution of what we really saw in the back half of '18.

'18 was a big learning year for us, especially in the Delaware Basin as we -- we

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