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Then & Now: EOG Drills for Oil on Wall Street Using its Stock as Currency, an Industrial Info News Alert

/EINPresswire.com/ -- SUGAR LAND, TX--(Marketwired - Feb 10, 2017) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Drilling for oil on Wall Street, or buying barrels rather than finding them, is a time-honored way for Oil & Gas producers to grow while managing risks. And if you can buy those barrels using your high-priced stock rather than cash or debt, so much the better. EOG Resources Incorporated (NYSE:EOG) (Houston, Texas) did just that last September when it acquired Yates Petroleum Corporation (Artesia, New Mexico) for about $2.5 billion in a deal financed mostly with EOG's stock, which sold for about $85 per share at the time of the transaction. Investors are enthusiastic about the acquisition, driving up EOG's stock price by about $20 per share since then.

Industrial Info's Oil & Gas subject-matter experts will hold a complimentary webinar on Monday, February 13, on Oil & Gas in the Americas. The event, which is complimentary, begins at 10:00 AM (Eastern), 4:00 PM (Central European Time). RSVP here.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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