{"id":3855,"date":"2022-01-06T18:35:00","date_gmt":"2022-01-06T22:35:00","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=3855"},"modified":"2022-01-06T18:35:49","modified_gmt":"2022-01-06T22:35:49","slug":"kevin-crowley-bloomberg-shale-titan-eog-is-ready-to-pump-more-oil-if-market-wants-it","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/kevin-crowley-bloomberg-shale-titan-eog-is-ready-to-pump-more-oil-if-market-wants-it\/","title":{"rendered":"Kevin Crowley\/Bloomberg -Shale Titan EOG Is Ready to Pump More Oil If Market Wants It"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"400\" src=\"https:\/\/energiesnet.com\/espanol\/wp-content\/uploads\/2022\/01\/eog_production_699.jpg\" alt=\"\" class=\"wp-image-3856\" srcset=\"https:\/\/energiesnet.com\/espanol\/wp-content\/uploads\/2022\/01\/eog_production_699.jpg 600w, https:\/\/energiesnet.com\/espanol\/wp-content\/uploads\/2022\/01\/eog_production_699-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-ea5aa902-4527-40ab-93b8-d5c8115a2ca3\"><li>Oil heavyweight is still producing less than it was pre-Covid<\/li><li>Conditions needed for increase may occur by mid-2022, CEO says<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">By&nbsp;<a href=\"https:\/\/www.bloomberg.com\/authors\/APYfUddvVaA\/kevin-crowley\">Kevin Crowley<\/a>\/Bloomberg<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">HOUSTON<br>EnergiesNet.com 0106 2022<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">World\u2019s Biggest Oil Hedge Could Shrink If Mexico Curbs Exports(Bloomberg) &#8212; EOG Resources Inc., one of the biggest U.S. shale oil producers, is ready to ramp up output as soon as this summer if the market demands it.<br><br>The company has yet to resume pre-pandemic levels of production, but that could change this year under certain macroeconomic conditions, EOG Chief Executive Officer Ezra Yacob said in a virtual energy conference hosted by Goldman Sachs Group Inc. The driller is monitoring global oil demand, inventory levels and unused production capacity within OPEC+, Yacob said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the conditions are right, potentially by the middle of 2022, \u201cEOG would be in a position to return to pre-Covid levels of production,\u201d he said. \u201cIf the world has a call on oil and there\u2019s room to grow our low-cost, lower- emissions barrels into the market, we can certainly deliver on that.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shale CEOs Say $100 Oil Would Upset Industry\u2019s Delicate Balance<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shares of U.S. energy companies are surging as oil rallies. The big question is whether shale drillers will use the extra cash to boost production this year, particularly as OPEC+ struggles to meet its output targets amid predictions of a smaller global surplus this quarter than previously expected. So far, the shale industry has shown little willingness to return to the high-growth days of the 2010s that sparked multiple, damaging price wars with OPEC and its allies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EOG went further than the rest of its largest peers by offering a rough timeline of when it may increase drilling activity. Executives from Diamondback Energy Inc. and Devon Energy Corp., also speaking at the Goldman conference, said they would need to see a firm nod from shareholders before they\u2019d increase output again.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even if EOG goes ahead with an increase to production, it would only represent growth of about 5%, Yacob said. The goal is to invest \u201cat a pace where each of your assets is getting better year after year.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EOG plans to announce its 2022 capital budget and drilling plans in the latter half of February<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bloomberg.com\/authors\/APYfUddvVaA\/kevin-crowley\">By\u00a0<a href=\"https:\/\/www.bloomberg.com\/authors\/APYfUddvVaA\/kevin-crowley\">Kevin Crowley<\/a> from Bloomberg <\/a><br><a href=\"https:\/\/www.bloomberg.com\/\">bloomberg.com <\/a>01 06 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil heavyweight is still producing less than it was pre-Covid Conditions needed for increase may occur by mid-2022, CEO says By&nbsp;Kevin Crowley\/Bloomberg HOUSTONEnergiesNet.com 0106 2022 World\u2019s Biggest Oil Hedge Could Shrink If Mexico Curbs Exports(Bloomberg) &#8212; EOG Resources Inc., one of the biggest U.S. shale oil producers, is ready to ramp up output as soon &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/energiesnet.com\/espanol\/kevin-crowley-bloomberg-shale-titan-eog-is-ready-to-pump-more-oil-if-market-wants-it\/\"> <span class=\"screen-reader-text\">Kevin Crowley\/Bloomberg -Shale Titan EOG Is Ready to Pump More Oil If Market Wants It<\/span> Leer m\u00e1s &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":3856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-3855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-diarias"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/3855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/comments?post=3855"}],"version-history":[{"count":0,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/3855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media\/3856"}],"wp:attachment":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media?parent=3855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/categories?post=3855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/tags?post=3855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}