OREANDA-NEWS. As a result of productivity improvements and cost reductions, EOG is maintaining full year 2015 oil production guidance and reducing full year 2015 capital spending guidance by USD 200 million, excluding acquisitions.

The company is choosing to refrain from growing oil production into an over-supplied market.

EOG's focus in 2015 is on capital efficiency to improve returns and quickly transition the company to be successful in a lower commodity price environment.