Financially EOG is in a good position with low debt, cash on hand, and enough of a backlog in good wells that they can be picky in operating only the most profitable drill sites. They have some international exposure with sites in the Caribbean and United Kingdom which will keep them diversified from the core US locations. Operationally they are primarily an onshore producer using horizontal fracking techniques to extract oil.
What I like about EOG is they are large enough to provide stable earnings but are still a growth company. The dividend is currently at 0.62 and they have a market cap of 59 billion so they are not monolithic yet. While researching other oil companies I found almost all of them started a stake in the US because it's much easier/profitable to extract oil using modern fracking techniques than the more expensive deep water drilling or drilling in unstable regions. Until something changes to cause oil production in the US to cost more then offshore drilling I think EOG would be a good investment. Just a few years ago I remember everyone was drilling in the Gulf of Mexico, then natural gas production exploded in the US, and now crude production is what's hot.
