EOG Releases 2015 Q1 Report EOG Resources will continue to hold off on Bakken well completions until crude prices stabilize. Pulling back, slowing down and waiting it out is the preferred strategy for oil producers looking for strategies during the current pricing crisis. During an earnings call, EOG says that they are benefiting greatly from the pull-back in activity and progress is being made to lowering cost in each phase of their operations. The company announced a first quarter loss net loss of $169.7 million. Related: EOG Reduces 2015 Capex 40 Percent Bakken Activity The slowdown in activity has allowed EOG to focus on three things in its Bakken operations Operational efficiencies and lowering well cost. Currently, a typical 10,000 foot lateral is now drilled in just over 10 days. Using new technical data from our integrated completion process to further adjust and tailor high density completion designs to specific […]