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EOG Resources, Inc. Declares Quarterly Dividend on Common Stock

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FOR IMMEDIATE RELEASE: Tuesday, May 09, 2000

HOUSTON – The Board of Directors of EOG Resources, Inc. has declared its regular quarterly dividend of $.035 per share on the common stock of the company, payable July 31, 2000, to shareholders of record as of July 17, 2000. The indicated annual rate is $.14.

EOG Resources, Inc., formerly Enron Oil & Gas Company, is among the largest independent (non-integrated) oil and gas companies in the United States, with operations and substantial reserves in the U.S., Canada and Trinidad. EOG common stock is listed on the New York Stock Exchange and is traded under the ticker symbol, “EOG.”

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