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    EOG Resources says low gas prices not affecting its drilling plan

Summary

Oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year.

by: Reuters

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EOG Resources says low gas prices not affecting its drilling plan

Feb 24 (Reuters) - Oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year.

Rival producers, including Chesapeake Energy, Southwestern Energy and Comstock Resources, have said this month they are pulling back on drilling after gas prices fell roughly 50% this year. EOG has been ramping up activity in a massive natural gas play in South Texas. (Reporting by Liz Hampton in Denver)

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