EOG Resources Surges to 251st in Trading Volume with $376 Million Day Despite Stock Decline

On May 29, 2025, EOG Resources (EOG) saw a trading volume of $376 million, marking a 50.27% increase from the previous day. This surge placed EOG at the 251st position in terms of trading volume for the day. However, the stock price of EOG declined by 0.52%, marking the second consecutive day of decline, with a total decrease of 1.21% over the past two days.

EOG Resources Trinidad Ltd. (EOG) has successfully delivered first gas from the Mento development, located 78 km offshore southeast Trinidad in the East Mayaro Block. This development is a 50/50 joint venture between EOG and bp Trinidad and Tobago (bpTT). The Mento project features a 12-slot, attended facility with well testing capabilities tied back to the Pelican platform. The project includes 12 development wells, with 3 exploration tails.

Following the initial gas delivery, the drilling campaign for the remaining seven gross wells on the platform is set to commence. This marks a significant milestone for EOG and bpTT, as the Mento development is BP's second start-up of 2025. The successful delivery of first gas from the Mento development is expected to have a positive impact on EOG's operational capabilities and financial performance in the coming quarters.