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EOG Resources, Inc. Declares Quarterly Dividends and Calls $50 Million Series D Preferred Stock
PRNewswire-FirstCall
HOUSTON

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FOR IMMEDIATE RELEASE: December 7, 2004

The Board of Directors of EOG Resources, Inc. (EOG) has declared its regular quarterly dividend of $.06 per share on the common stock of the company, payable January 31, 2005, to shareholders of record as of January 14, 2005. The indicated annual rate is $0.24.

The Board also declared a dividend of $17.9875 per share on the Series B Preferred Stock of the company, payable December 15, 2004 to shareholders of record as of December 8, 2004.

The Board also declared a dividend of $1,710.00 per share on the Series D Preferred Stock of the company, payable December 15, 2004, to shareholders of record as of December 14, 2004.

EOG has given notice of its intent to redeem all of the issued and outstanding shares of its Series D Preferred Stock for $100,000 per share. The redemption will take place on December 15, 2004 for the cumulative total of $50 million plus accrued and unpaid dividends through the redemption date.

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with substantial proved reserves in the United States, Canada, offshore Trinidad and, to a lesser extent, the United Kingdom North Sea. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol "EOG".

For Further Information Contact:
Investors
Maire A. Baldwin
(713) 651-6EOG (651-6364)

Media and Investors
Elizabeth M. Ivers
(713) 651-7132

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