EOG Resources Surges on Rocky Mountain Oil Potential

May 6, 2014

Shares of EOG Resources surged on Tuesday as CEO Bill Thomas said the shale driller's properties in Wyoming and Colorado may hold more than 400 million barrels of oil. Thomas says the Rocky Mountains may be the next great oil play in North America. EOG's Eagle Ford and Bakken assets are "expected to make meaningful contributions to EOG's crude oil production profile for years to come." Shares of EOG Resources ended Tuesday's trading session up more than 4%. TheStreet's Ruben Ramirez has details.