|Day's Range||91.97 - 93.30|
|52 Week Range||78.04 - 109.37|
|PE Ratio (TTM)||-86.88|
|Dividend & Yield||0.67 (0.72%)|
|1y Target Est||N/A|
Houston-based EOG Resources Inc. (EOG) has agreed to form a joint venture to develop some of its oil and gas assets in Oklahoma. Its partner in the joint company will be The Carlyle Group LP (CG), a Washington, D.C.-based private equity firm. Once the assets reach certain milestones, Carlyle's interest in the joint venture will largely revert to EOG.
The Washington, D.C., firm will fund up to $400 million for the oil-and-gas development program over four years through Carlyle Energy Mezzanine Opportunities Fund II LP.
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