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EOG Resources, Inc. Declares Quarterly Dividend on Common Stock and Series D Preferred

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FOR IMMEDIATE RELEASE: Tuesday, December 11, 2001

The Board of Directors of EOG Resources, Inc. (EOG) has declared its regular quarterly dividend of $.04 per share on the common stock of the company, payable January 31, 2002, to shareholders of record as of January 17, 2002. The indicated annual rate is $.16.

The Board also declared a dividend of $1,710.00 per share on the Series D Preferred Stock of the company, payable December 17, 2001, to shareholders of record as of December 14, 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."

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