What is Enron Oil and Gas?

Enron Oil and Gas, now known as EOG Resources, was initially the upstream production business arm of Enron. Over the past 30 years, the oil and gas industry has seen a shift with divisions categorized into upstream, midstream, and downstream. EOG represents the upstream sector, which is involved in the exploration and production of oil and gas. Despite its origins, EOG has managed to establish itself as a distinct entity, becoming a publicly traded company valued at approximately $80 billion 1.