Operating Expenses
Dry Hole Expense
EOG Resources Dry Hole Expense decreased by 29.6% to $50.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 3.8%, from $52.00M to $50.00M. Over 4 years (FY 2021 to FY 2025), Dry Hole Expense shows an upward trend with a 11.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ4 2025
How to read this metric
Frequent or high expenses suggest high exploration risk, while low expenses may indicate conservative exploration or high success rates.
Detailed definition
Dry hole expense represents the costs associated with exploratory drilling activities that fail to identify commercially...
Peer comparison
Common in oil, gas, and mining; peers with high exploration success rates typically report lower dry hole expenses.
Metric ID:
is_cop_dry_hole_expenseHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $35.00M | $44.00M | $42.00M | $45.00M | $35.00M | $35.00M | $44.00M | $50.00M | $47.00M | $43.00M | $41.00M | $45.00M | $34.00M | $43.00M | $52.00M | $41.00M | $74.00M | $71.00M | $50.00M |
| QoQ Change | — | +25.7% | -4.5% | +7.1% | -22.2% | +0.0% | +25.7% | +13.6% | -6.0% | -8.5% | -4.7% | +9.8% | -24.4% | +26.5% | +20.9% | -21.2% | +80.5% | -4.1% | -29.6% |
| YoY Change | — | — | — | — | +0.0% | -20.5% | +4.8% | +11.1% | +34.3% | +22.9% | -6.8% | -10.0% | -27.7% | +0.0% | +26.8% | -8.9% | +117.6% | +65.1% | -3.8% |
Range$34.00M – $74.00M
CAGR+8.2%
Avg YoY Growth+13.7%
Median YoY Growth+0.0%
Current Streak2 quarters decline
Dry Hole Expense at Other Companies
Frequently Asked Questions
- What is EOG Resources's dry hole expense?
- EOG Resources (EOG) reported dry hole expense of $50.00M in Q4 2025.
- How has EOG Resources's dry hole expense changed year-over-year?
- EOG Resources's dry hole expense decreased by 3.8% year-over-year, from $52.00M to $50.00M.
- What is the long-term trend for EOG Resources's dry hole expense?
- Over 4 years (2021 to 2025), EOG Resources's dry hole expense has grown at a 11.3% compound annual growth rate (CAGR), from $154.00M to $236.00M.
- What does dry hole expense mean?
- The cost of drilling exploratory wells that did not result in finding usable resources.