Cost of Revenue
Dry Hole Costs
EOG Resources Dry Hole Costs increased by 475.0% to $23.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 32.4%, from $34.00M to $23.00M. Over 4 years (FY 2021 to FY 2025), Dry Hole Costs shows a downward trend with a -8.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
Frequent or high costs signal lower exploration success rates, which can negatively impact overall return on capital.
Detailed definition
This metric aggregates the direct costs incurred during the drilling process for wells that are ultimately determined to...
Peer comparison
Standard industry metric for E&P companies; varies based on exploration intensity.
Metric ID:
cost_of_revenue_results_of_operations_dry_hole_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.00M | $4.00M | $43.00M | $3.00M | $20.00M | $18.00M | $4.00M | $1.00M | $0.00 | $0.00 | $0.00 | $1.00M | $5.00M | $0.00 | $8.00M | $34.00M | $11.00M | $0.00 | $4.00M | $23.00M |
| QoQ Change | — | -69.2% | +975.0% | -93.0% | +566.7% | -10.0% | -77.8% | -75.0% | -100.0% | — | — | — | +400.0% | -100.0% | — | +325.0% | -67.6% | -100.0% | — | +475.0% |
| YoY Change | — | — | — | — | +53.8% | +350.0% | -90.7% | -66.7% | -100.0% | -100.0% | -100.0% | +0.0% | — | — | — | >999% | +120.0% | — | -50.0% | -32.4% |
Range$0.00 – $43.00M
CAGR+12.8%
Avg YoY Growth+273.7%
Median YoY Growth-41.2%
Dry Hole Costs at Other Companies
Frequently Asked Questions
- What is EOG Resources's dry hole costs?
- EOG Resources (EOG) reported dry hole costs of $23.00M in Q1 2026.
- How has EOG Resources's dry hole costs changed year-over-year?
- EOG Resources's dry hole costs decreased by 32.4% year-over-year, from $34.00M to $23.00M.
- What is the long-term trend for EOG Resources's dry hole costs?
- Over 4 years (2021 to 2025), EOG Resources's dry hole costs has grown at a -8.9% compound annual growth rate (CAGR), from $71.00M to $49.00M.
- What does dry hole costs mean?
- The direct financial loss from drilling unsuccessful wells.