The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst
: First, we have been asked by many clients that with your CapEx plan and your production profile, if the current commodity price
hold by mid-year, will you change the plan or that under what circumstances that, that plan may get revised? That's the first question.
The second question is that in your future capital allocation, is 2022 the way how you allocate, will be a reasonable proxy in the
future, or we will see the percent in the new domestic drilling, which is about 10% this year and also that the facility and the gathering
and processing, those percentage will go up as a total percent of your CapEx as you're trying to proven up more new resource area?
Question: Leo Paul Mariani - KeyBanc Capital Markets Inc., Research Division - Analyst
: I wanted to see if there's any update on the PRB. Certainly noticed in the slide deck that activity there is going to be down a little bit
in terms of a few less wells in '22 versus what you did in '21. So perhaps you could kind of speak to how well costs have trended and
kind of where that opportunity is on your list amongst the different plays? Clearly, you described a significant increase in Delaware
activity this year. So how does the PRB rank?
Question: Leo Paul Mariani - KeyBanc Capital Markets Inc., Research Division - Analyst
: Okay, that's helpful for sure. And then if I can just take another crack at the kind of exploration. So I certainly noticed that you guys
are spending about, if my numbers are right, about $100 million more on some of these U.S. plays here in '22, and you clearly talked
about drilling more wells.
I guess a common question I hear from investors out there is it's been a number of years since EOG has kind of announced the
strategy, and I guess we'd kind of get to see a new significant U.S. oil play for the company. I know these things are hard to predict,
but if I had to just kind of look at a high-level time line, I mean, do you think that's likely in '22 or maybe '23? I mean anything you
can kind of say from a high level to get people some assurance that maybe these are progressing?
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FEBRUARY 25, 2022 / 3:00PM, EOG.N - Q4 2021 EOG Resources Inc Earnings Call
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