UPDATE 1-EOG Resources may delay some Dorado gas wells in Texas due to low prices

(Adds details on well costs, share price) DENVER, May 5 (Reuters) - U.S. shale producer EOG Resources on Friday said it may delay some well completions in its Dorado natural gas play in Texas due to a low price environment. Natural gas prices tumbled around 50% at the start of this year. On Friday Henry Hub futures were trading around $2.13 per million British thermal units (mmBtu) .

The company said that well costs should increase no more than 10% this year compared to 2022 as oilfield inflation has shown signs of leveling off.

Shares of EOG were up 4.3% to $116.11 in early trading.

(Reporting by Liz Hampton in Denver)

Messaging: Reuters Messaging: liz.hampton.reuters@reuters.net))

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

UPDATE 1-EOG Resources may delay some Dorado gas wells in Texas due to low prices

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout