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EOG Resources, Inc. Declares Quarterly Dividend on Series B Preferred Stock

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FOR IMMEDIATE RELEASE: September 7, 2001

The Board of Directors of EOG Resources, Inc. has declared a dividend of $17.9875 per share on the Series B Preferred Stock of the company, payable September 14, 2001, to shareholders of record as of September 7, 2001.

EOG Resources, Inc. 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".

For Further Information Contact:

Maire A. Baldwin
(713) 651-6EOG (651-6364)

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