Derek Woodfield's questions to EOG Resources Inc (EOG) leadership • Q4 2024
Question
Derek Woodfield of Axis Capital inquired about the competitiveness of the emerging Utica play versus the mature Eagle Ford and the potential for lower finding and development (F&D) costs in the Niobrara formation.
Answer
CEO Ezra Yacob stated that while the Utica is highly promising with competitive well costs, it has not yet achieved the full economies of scale of the Eagle Ford. SVP, Exploration and Production, Keith Trasko noted significant productivity and efficiency gains in the Niobrara, which is the focus of increased activity in the Powder River Basin for 2025.