Out Fox The $treet

After more than doubling in value in the last couple of years, EOG Resources Inc ( NYSE: EOG     ) is now large enough to be counted as an oil major. The valuation has surged to over $60 billion, yet the company continues to produce substantial growth rates from oil production. EOG Resources is now slightly larger than  Anadarko Petroleum Corporation ( NYSE: APC     ) and has long passed Apache Corp ( NYSE: APA     ) due to industry-leading growth for its size from identifying and developing new shale plays, especially in oil-rich areas. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

 Chesapeake Energy ( NYSE: CHK     ) is a prime example of a company that overspent in the past and is now forced to cut back spending during the market rebound. The worst part of it all is that the energy company is forced to unload assets that apparently aren't wanted by the market at favorable valuations.  In not much of a big surprise, Chesapeake Energy finished spinning off the oilfield services division to existing investors due to a lack of market appetite for the service firm faced with the reduced drilling spending of the parent. In addition, the company announced several other transactions to reduce leverage.  Read the full article here .   Disclosure: No positions mentioned. Please read the disclaimer page for more details.

 After more than doubling in value in the last couple of years, EOG Resources Inc ( NYSE: EOG     ) is now large enough to be counted as an oil major. The valuation has surged to over $60 billion, yet the company continues to produce substantial growth rates from oil production.  EOG Resources is now slightly larger than  Anadarko Petroleum Corporation ( NYSE: APC     ) and has long passed Apache Corp ( NYSE: APA     ) due to industry-leading growth for its size from identifying and developing new shale plays, especially in oil-rich areas.  Read the full article here .  Disclosure: No positions mentioned. Please read the disclaimer page for ore details.

Considering the desire to reduce debt, it wasn't a huge surprise that Freeport-McMoRan Copper & Gold ( NYSE: FCX     ) agreed to sell its valued Eagle Ford Shale assets. The slight surprise was the willingness for the company to continue spending large sums in the Gulf of Mexico. With the energy market going shale-crazy, the shift from hot shale assets to out of favor deepwater assets is probably a brilliant move. Not to mention, the assets appear to have similar reserve potential, yet Freeport will net approximately $1.3 billion after tax to repay a portion of its gigantic $20 billion debt load. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details.