Operating
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 increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
High dry hole costs suggest lower exploration efficiency or poor geological assessment, while low costs indicate high drilling success rates.
Detailed definition
Dry hole costs represent the expenses incurred for drilling exploratory or development wells that do not result in the d...
Peer comparison
A critical performance metric for E&P companies; peers with superior geological data often maintain lower dry hole ratios.
Metric ID:
operating_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 cost of drilling wells that failed to find enough oil or gas to be profitable.