EOG Resources, Inc., formerly known as Enron Oil and gas, is one of the largest crude oil and
natural gas companies in the United States. Their headquarters is in Huston Texas with reserves
in the United States, Canada, the United Kingdom, China and of course, Trinidad.
In 1999 Enron Oil and Gas became independent from Enron. Mark Papa was elected Chairman
Chief Executive Officer and Edmund P. Segner was elected as President and Chief of Staff.
In Trindad Sammy Pickering is the Managing Director and Elitha Rocke-Maharaj is the Senior
Human Resource Officer.
EOG's vision according to the company is to “increase growth by drilling lower-cost, internally
generated prospects rather than through acquisitions and capture an early-mover advantage in
key resource plays. We strive to maintain a strong balance sheet with a moderate net debt-to-total
capitalization ratio and continue to increase the percentage of crude oil and natural gas liquids in
our portfolio, emphasizing North American production.”
Moreover, their goal is to deliver the highest stockholder appreciation measured by the
stockholder returns, as well as to be the most profitable independent exploration and production
company at low costs.
EOG’s strategy for 2013 and beyond is to focus on high rate of return crude oil production. They
will also enhance their financial metrics by refining their technical expertise with a goal of
increasing recoveries in their existing shale oil plays.
Moreover, they seek to capture new North America crude oil or liquid rich shale plays where
they would be able to gain a first mover advantage that they are known for.
In actual fact to increasing their productivity is a major goal of the company.
The company shares its wealth with its employees who are all stockholders. They have 100%
health care coverage and on site gyms with subsidized gym membership for employees. There is
a diverse workforce, in terms...