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Press Releases
EOG Resources Reports Third Quarter 2005 Results
- 13.7 Percent Increase in Daily Production
- $341.9 Million Net Income Available to Common
- Commences Natural Gas Supply to New Methanol Plant in Trinidad
PRNewswire-FirstCall
HOUSTON

Click here for PDF version

FOR IMMEDIATE RELEASE: Tuesday, November 1, 2005

EOG Resources, Inc. (EOG) today reported third quarter 2005 net income available to common of $341.9 million, or $1.40 per share. This compares to third quarter 2004 net income available to common of $169.6 million, or $0.71* per share.

Last year's third quarter results included a $22.7 million ($14.6 million after tax, or $0.06* per share) gain on the mark-to-market of financial commodity price transactions. The net cash outflow from the settlement of financial commodity price transactions was $32.3 million ($20.9 million after tax, or $0.09* per share). Reflecting these items, third quarter 2004 adjusted non-GAAP net income available to common was $134.1 million, or $0.56* per share. (Please refer to the table below for the reconciliation of adjusted non-GAAP net income available to common to net income available to common.)

   *  Third quarter 2004 per share amounts are restated for the two-for-one
      stock split effective March 1, 2005.

  Operational Highlights

EOG's daily production increased 13.7 percent as compared to the third quarter 2004. Total production from the United States and Canada increased 12.0 percent. In the United States, natural gas production increased 16.2 percent from the third quarter last year. Total production from Trinidad and the United Kingdom North Sea increased 20.9 percent.

In Trinidad and Tobago, during late September EOG began supplying natural gas under a new contract to the National Gas Company of Trinidad and Tobago as feedstock for a new methanol plant. The term of the contract runs through 2020. While monthly sales will vary, for the first four years of the contract, EOG is expected to sell an average of approximately 60 million cubic feet per day (MMcfd), net to the plant. Also in Trinidad, EOG has contracted for a rig to drill the Red Snapper well, EOG's first prospect on Block 4(a). Pending rig arrival, this well will be drilled in early 2006. In addition, EOG has confirmed its drilling plans for the Deep Ibis prospect, in which EOG has a 51 percent working interest. BP will operate the drilling phase of the well, which is scheduled to spud in January. Targeting new horizons and significant reserve potential, the prospect will be the deepest well drilled offshore Trinidad to date.

"The continued successful execution of EOG's strategy and robust commodity prices are reflected in our third quarter results. With an extensive inventory of prospects throughout our operations, we continue to grow EOG at high reinvestment rates of return through the drillbit," said Mark G. Papa, Chairman and Chief Executive Officer.

Production increases in the United States during the quarter reflect strong drilling results from the Barnett Shale Play in Central Texas, combined with positive results in South Texas, East Texas and North Louisiana. Following are specific well results reported on a gross production basis.

In the Barnett Shale Play, EOG is operating nine rigs in Johnson County where it completed several wells in early August on its western acreage. The Coppenger Unit #1H, in which EOG has an 83 percent working interest, came on- line at 6.6 MMcfd of natural gas. EOG has a 100 percent working interest in the Kolar Unit #1H, which came on-line at 6.1 MMcfd. In eastern Johnson County, EOG completed the Setback D Unit #1H in mid-September at an initial rate of 7.5 MMcfd. EOG has an 81 percent working interest in this well. The Campbell Unit #1H in eastern Johnson County, in which EOG has a 100 percent working interest, came on-line last week at 7.7 MMcfd.

"We believe the Campbell Unit #1H is the best Barnett well completed to date by any operator in Johnson County. EOG's drilling and reserve recovery results continue to improve as we refine our Barnett horizontal completion techniques," Papa said.

In the western counties of the Barnett Shale Play, EOG is operating one rig in Erath County and another in Parker County. While operational results from these areas are encouraging, further optimization is required before a high level of drilling activity commences, currently projected for mid-2006.

In South Texas, EOG recently completed two Lobo wells in Webb County. The Slator Ranch H#4, in which EOG has a 100 percent working interest, was drilled to 11,300 feet. The well came on-line in July at an initial production rate of 9.8 MMcfd. The Slator Ranch S#1, in which EOG has a 44 percent working interest, was drilled to 11,500 feet and came on-line at 13.0 MMcfd. In the Frio Trend in San Patricio County, EOG completed the 72 percent working interest Crites A-4 well for 6.0 MMcfd and 250 barrels of oil per day.

In the East Texas Branton Field, the AB Johnson #6, in which EOG has a 75 percent working interest, encountered 80 feet of natural gas pay. The well appears to be analogous to a six billion cubic feet equivalent well drilled earlier in the year. From North Louisiana, EOG reported that the recently completed Osborne 19 #1 Alt. in the South Vernon Field in Jackson Parish, La. tested over 16 MMcfd and after 30 days is producing 12 MMcfd. EOG has a 100 percent working interest in this well. In the Driscoll Mountain Field, Bienville Parish, La., the Martin Timber 20 #1 Alt. tested 13 MMcfd of natural gas from two separate zones. A third zone is yet to be completed. EOG has a 38 percent working interest in this well. The company plans to run two rigs in this field through year-end.

"We continue to see favorable organic growth across North America from our extensive drilling program," Papa said. "Based on these results, we are on target to achieve 15.5 percent organic production growth this year, while significantly reducing our net debt at the same time. We expect to achieve our targeted 9.5 percent for 2006 and average 9 percent overall organic growth for 2006 through 2010."

Capital Structure

At September 30, 2005, EOG's total long-term debt outstanding was $1,043 million and cash on the balance sheet was $341 million for net debt of $702 million. (Please refer to the attached table for the reconciliation of non-GAAP net debt to long-term debt.) The company's debt-to-total capitalization ratio was 21 percent at September 30, 2005, down from 27 percent at December 31, 2004.

Conference Call Scheduled for November 2, 2005

EOG's third quarter 2005 conference call will be available via live audio webcast at 9:00 a.m. Central Standard Time (10:00 a.m. Eastern Standard Time) Wednesday, November 2, 2005. To listen, log on to http://www.eogresources.com/ . The webcast will be archived on EOG's website through Wednesday, November 16, 2005.

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

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts, including, among others, statements regarding EOG's future financial position, business strategy, budgets, reserve information, projected levels of production, projected costs and plans and objectives of management for future operations, are forward-looking statements. EOG typically uses words such as "expect," "anticipate," "estimate," "strategy," "intend," "plan," "target" and "believe" or the negative of those terms or other variations of them or by comparable terminology to identify its forward-looking statements. In particular, statements, express or implied, concerning future operating results, the ability to replace or increase reserves or to increase production, or the ability to generate income or cash flows are forward- looking statements. Forward-looking statements are not guarantees of performance. Although EOG believes its expectations reflected in forward- looking statements are based on reasonable assumptions, no assurance can be given that these expectations will be achieved. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include, among others: the timing and extent of changes in commodity prices for crude oil, natural gas and related products, foreign currency exchange rates and interest rates; the timing and impact of liquefied natural gas imports and changes in demand or prices for ammonia or methanol; the extent and effect of any hedging activities engaged in by EOG; the extent of EOG's success in discovering, developing, marketing and producing reserves and in acquiring oil and gas properties; the accuracy of reserve estimates, which by their nature involve the exercise of professional judgment and may therefore be imprecise; the availability and cost of drilling rigs, experienced drilling crews, materials and equipment used in well completions, and tubular steel; the availability, terms and timing of governmental and other permits and rights of way; the availability of pipeline transportation capacity; the extent to which EOG can economically develop its Barnett Shale acreage outside of Johnson County, Texas; whether EOG is successful in its efforts to more densely develop its acreage in the Barnett Shale and other production areas; political developments around the world; acts of war and terrorism and responses to these acts; weather; and financial market conditions. In light of these risks, uncertainties and assumptions, the events anticipated by EOG's forward-looking statements might not occur. Forward-looking statements speak only as of the date made and EOG undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. As noted above, statements of proved reserves are only estimates and may be imprecise. Any reserve estimates provided in this press release that are not specifically designated as being estimates of proved reserves may include not only proved reserves, but also other categories of reserves that the SEC's guidelines strictly prohibit EOG from including in filings with the SEC. Investors are urged to consider closely the disclosure in EOG's Annual Report on Form 10-K for fiscal year ended December 31, 2004, available from EOG at P.O. Box 4362, Houston, Texas 77210-4362 (Attn: Investor Relations). You can also obtain this form from the SEC by calling 1-800-SEC-0330 or from the SEC's website at http://www.sec.gov/ .

                           EOG RESOURCES, INC.
                             FINANCIAL REPORT
             (Unaudited; in millions, except per share data)

                                      Quarter              Nine Months
                                Ended September 30,    Ended September 30,
                                  2005      2004        2005        2004
  Net Operating Revenues         $934.4    $594.2     $2,406.5    $1,577.6
  Net Income Available to
   Common                        $341.9    $169.6       $790.3      $409.8
  Net Income Per Share
   Available to Common
    Basic                         $1.43     $0.72 *      $3.32       $1.76 *
    Diluted                       $1.40     $0.71 *      $3.25       $1.73 *
  Average Number of Common
   Shares
    Basic                         239.3     234.8 *      238.3       233.0 *
    Diluted                       244.9     239.4 *      243.5       237.4 *



                        SUMMARY INCOME STATEMENTS
                        (Unaudited; in thousands)

                                  Quarter                 Nine Months
                            Ended September 30,       Ended September 30,
                             2005        2004         2005          2004
  Net Operating Revenues
    Wellhead Natural Gas   $751,239    $447,784    $1,919,909    $1,294,789
    Wellhead Crude Oil,
     Condensate and
     Natural Gas Liquids    181,741     123,379       483,584       316,238
    Gains (Losses) on
     Mark-to-Market
     Commodity
     Derivative
     Contracts                  ---      22,743          (940)      (36,275)
    Other, Net                1,465         324         3,972         2,819
      Total                 934,445     594,230     2,406,525     1,577,571
  Operating Expenses
    Lease and Well,
     including
     Transportation          92,010      69,027       261,736       198,976
    Exploration Costs        32,023      21,874        94,833        67,466
    Dry Hole Costs           19,130      21,114        56,249        50,205
    Impairments              18,292      17,930        54,695        51,289
    Depreciation,
     Depletion and
     Amortization           164,372     130,257       477,284       360,278
    General and
     Administrative          30,079      29,576        88,879        80,861
    Taxes Other Than
     Income                  56,383      29,952       135,909        95,824
      Total                 412,289     319,730     1,169,585       904,899
  Operating Income          522,156     274,500     1,236,940       672,672

  Other Income, Net          10,159       3,953        22,498         2,649

  Income Before Interest
   Expense and Income
   Taxes                    532,315     278,453     1,259,438       675,321

  Interest Expense, Net      13,877      16,110        42,521        48,209

  Income Before Income
   Taxes                    518,438     262,343     1,216,917       627,112

  Income Tax Provision      174,677      90,033       420,997       209,012

  Net Income                343,761     172,310       795,920       418,100

  Preferred Stock
   Dividends                  1,857       2,758         5,573         8,274

  Net Income Available
   to Common               $341,904    $169,552      $790,347      $409,826

   * Restated for 2-for-1 stock split effective March 1, 2005.



                            EOG RESOURCES, INC.
                           OPERATING HIGHLIGHTS
                               (Unaudited)

                                        Quarter             Nine Months
                                  Ended September 30,    Ended September 30,
                                   2005         2004      2005        2004
  Wellhead Volumes and Prices
  Natural Gas Volumes (MMcfd)
    United States                    724          623       707         620
    Canada                           226          211       229         204
      United States & Canada         950          834       936         824
    Trinidad                         213          203       210         173
    United Kingdom                    44            8        38           3
      Total                        1,207        1,045     1,184       1,000

  Average Natural Gas Prices
   ($/Mcf)
    United States                  $8.19        $5.57     $6.96       $5.55
    Canada                          7.12         4.99      6.28        5.00
      United States & Canada
       Composite                    7.94         5.42      6.79        5.41
    Trinidad                        1.86         1.50      2.18 (A)    1.46
    United Kingdom                  5.14         5.30      5.72        5.30
      Composite                     6.77         4.66      5.94        4.73

  Crude Oil and Condensate
   Volumes (Mbd)
    United States                   21.2         21.0      21.8        20.7
    Canada                           2.3          2.7       2.4         2.6
      United States & Canada        23.5         23.7      24.2        23.3
    Trinidad                         4.2          4.0       4.2         3.2
    United Kingdom                   0.3          ---       0.2         ---
      Total                         28.0         27.7      28.6        26.5

  Average Crude Oil and
   Condensate Prices ($/Bbl)
    United States                 $61.63       $43.30    $53.75      $38.57
    Canada                         57.08        40.17     49.26       35.89
      United States & Canada
       Composite                   61.19        42.94     53.30       38.26
    Trinidad                       61.93        42.06     53.56       38.19
    United Kingdom                 53.80          ---     48.75         ---
      Composite                    61.22        42.81     53.30       38.26

  Natural Gas Liquids Volumes
   (Mbd)
    United States                    6.0          4.4       6.5         4.7
    Canada                           0.3 (B)      0.9       1.0         0.7
      Total                          6.3          5.3       7.5         5.4

  Average Natural Gas Liquids
   Prices ($/Bbl)
    United States                 $39.80       $30.07    $33.07      $26.09
    Canada                         69.43 (B)    23.58     33.10       21.65
      Composite                    41.25        29.02     33.08       25.52

  Natural Gas Equivalent
   Volumes (MMcfed)
    United States                    887          775       876         772
    Canada                           242          233       250         224
      United States & Canada       1,129        1,008     1,126         996
    Trinidad                         238          227       236         192
    United Kingdom                    46            8        39           3
      Total                        1,413        1,243     1,401       1,191

  Total Bcfe Deliveries            130.0        114.4     382.3       326.5

   (A)  Includes $0.34 per Mcf as a result of a revenue adjustment related
        to an amended Trinidad take-or-pay contract.
   (B)  Includes 0.08 MBbl per day volume adjustment in third quarter of
        2005.  Excluding the adjustment, the average natural gas liquid
        price was $44.50.



                           EOG RESOURCES, INC.
                          SUMMARY BALANCE SHEETS
                    (In thousands, except share data)
                               (Unaudited)

                                              September 30,     December 31,
                                                  2005              2004

                                  ASSETS
  Current Assets
    Cash and Cash Equivalents                    $341,061         $20,980
    Accounts Receivable, Net                      631,320         447,742
    Inventories                                    54,887          40,037
    Assets from Price Risk Management
     Activities                                       ---          10,747
    Deferred Income Taxes                          28,134          22,227
    Other                                          88,610          45,070
         Total                                  1,144,012         586,803

  Oil and Gas Properties (Successful
   Efforts Method)                             10,719,464       9,599,276
    Less:  Accumulated Depreciation,
     Depletion and Amortization                (4,939,051)     (4,497,673)
      Net Oil and Gas Properties                5,780,413       5,101,603
  Other Assets                                    102,128         110,517
  Total Assets                                 $7,026,553      $5,798,923

                   LIABILITIES AND SHAREHOLDERS' EQUITY
  Current Liabilities
    Accounts Payable                             $508,815        $424,581
    Accrued Taxes Payable                          97,613          51,116
    Dividends Payable                               9,859           7,394
    Deferred Income Taxes                         105,377         103,933
    Other                                          51,594          45,180
         Total                                    773,258         632,204


  Long-Term Debt                                1,042,772       1,077,622
  Other Liabilities                               271,365         241,319
  Deferred Income Taxes                         1,087,703         902,354

  Shareholders' Equity
    Preferred Stock, $0.01 Par,
     10,000,000 Shares Authorized:
      Series B, 100,000 Shares Issued,
       Cumulative, $100,000,000 Liquidation
       Preference                                  99,003          98,826
    Common Stock, $0.01 Par, 640,000,000
     Shares Authorized and
     249,460,000* Shares Issued                   202,495         201,247
    Additional Paid In Capital                     72,773          21,047
    Unearned Compensation                         (39,361)        (29,861)
    Accumulated Other Comprehensive
     Income                                       188,864         148,015
    Retained Earnings                           3,468,406       2,706,845
    Common Stock Held in Treasury,
     7,916,180 Shares at September 30, 2005
     and 11,605,112* Shares at
     December 31, 2004                           (140,725)       (200,695)
           Total Shareholders' Equity           3,851,455       2,945,424
  Total Liabilities and Shareholders' Equity   $7,026,553      $5,798,923


   * Restated for 2-for-1 stock split effective March 1, 2005.



                           EOG RESOURCES, INC.
                     SUMMARY STATEMENTS OF CASH FLOWS
                        (Unaudited; in thousands)

                                                        Nine Months
                                                    Ended September 30,
                                                   2005             2004
  Cash Flows from Operating Activities
  Reconciliation of Net Income to Net
   Cash Provided by Operating Activities:
    Net Income                                   $795,920         $418,100
    Items Not Requiring Cash
      Depreciation, Depletion and Amortization    477,284          360,278
      Impairments                                  54,695           51,289
      Deferred Income Taxes                       172,015          158,216
      Other, Net                                    8,722           11,571
    Dry Hole Costs                                 56,249           50,205
    Mark-to-Market Commodity Derivative
     Contracts
      Total Losses                                    940           36,275
      Realized Gains (Losses)                       9,807          (70,507)
    Tax Benefits From Stock Options Exercised      40,347           20,730
    Other, Net                                    (10,558)            (208)
    Changes in Components of Working
     Capital and Other Liabilities
      Accounts Receivable                        (171,428)         (54,172)
      Inventories                                 (14,736)          (8,711)
      Accounts Payable                             79,239           56,557
      Accrued Taxes Payable                         8,018            6,428
      Other Liabilities                            (1,164)           4,620
      Other, Net                                      804           (5,201)
    Changes in Components of Working
     Capital Associated with
     Investing and Financing Activities            (1,942)         (17,596)
  Net Cash Provided by Operating
   Activities                                   1,504,212        1,017,874

  Investing Cash Flows
    Additions to Oil and Gas Properties        (1,223,715)        (941,670)
    Proceeds from Sales of Assets                  56,990           12,771
    Changes in Components of Working
     Capital Associated with
     Investing Activities                           2,572           17,022
    Other, Net                                    (13,986)         (16,215)
  Net Cash Used in Investing Activities        (1,178,139)        (928,092)

  Financing Cash Flows
    Net Commercial Paper and Line of
     Credit Borrowings (Repayments)                40,150          (20,900)
    Long-Term Debt Borrowings                         ---          150,000
    Long-Term Debt Repayments                     (75,000)        (175,000)
    Dividends Paid                                (31,575)         (27,841)
    Proceeds from Stock Options Exercised          56,437           59,582
    Other, Net                                     (1,462)            (958)
  Net Cash Used in Financing Activities           (11,450)         (15,117)

  Effect of Exchange Rate Changes on
   Cash                                             5,458            2,800

  Increase in Cash and Cash Equivalents           320,081           77,465
  Cash and Cash Equivalents at Beginning
   of Period                                       20,980            4,443
  Cash and Cash Equivalents at End of
   Period                                        $341,061          $81,908



                           EOG RESOURCES, INC.
  QUANTITATIVE RECONCILIATION OF ADJUSTED NET INCOME AVAILABLE TO COMMON
                                (Non-GAAP)
                 TO NET INCOME AVAILABLE TO COMMON (GAAP)
             (Unaudited; in thousands, except per share data)

   The following chart adjusts three-month and nine-month periods ended
   September 30 reported Net Income Available to Common (GAAP) to reflect
   actual cash realized from oil and gas hedges by eliminating the
   unrealized mark-to-market gains or losses from these transactions, to
   eliminate the upward revenue adjustment for an amended Trinidad gas sales
   agreement recorded in the second quarter of 2005 and to eliminate a tax
   benefit related to the Alberta (Canada) corporate tax rate reduction
   recorded in the second quarter of 2004.  EOG believes this presentation
   may be useful to investors who follow the practice of some industry
   analysts who adjust reported company earnings to match realizations to
   production settlement months and make certain other adjustments.  EOG
   management uses this information for comparative purposes within the
   industry.


                                    Quarter              Nine Months
                              Ended September 30,     Ended September 30,
                                2005       2004         2005       2004

  Reported Net Income
   Available to Common
   (GAAP)                     $341,904   $169,552     $790,347   $409,826

  Mark-to-Market (MTM)
   Commodity Derivative
   Contracts Impact
    Total (Gains) Losses           ---    (22,743)         940     36,275
    Realized Gains (Losses)        ---    (32,297)       9,807    (70,507)
      Subtotal                     ---    (55,040)      10,747    (34,232)

    After Tax MTM Impact           ---    (35,418)       6,916    (22,028)

  Less: Revenue adjustment
   for an amended Trinidad
   gas sales agreement,
   net of tax                      ---        ---       (8,672)       ---
  Less: Tax benefit related
   to the Alberta (Canada)
   corporate tax rate reduction    ---        ---          ---     (5,335)



  Adjusted Net Income
   Available to Common (Non-
   GAAP)                      $341,904   $134,134     $788,591   $382,463

  Adjusted Net Income Per
   Share Available to Common
   (Non-GAAP)
    Basic                        $1.43      $0.57 *      $3.31      $1.64 *
    Diluted                      $1.40      $0.56 *      $3.24      $1.61 *

  Average Number of Common
   Shares
    Basic                      239,344    234,822 *    238,291    232,969 *
    Diluted                    244,900    239,354 *    243,530    237,420 *

   * Restated for 2-for-1 stock split effective March 1, 2005.



                           EOG RESOURCES, INC.
QUANTITATIVE RECONCILIATION OF DISCRETIONARY CASH FLOW AVAILABLE TO COMMON
                                (Non-GAAP)
           TO NET CASH PROVIDED BY OPERATING ACTIVITIES (GAAP)
                        (Unaudited; in thousands)

   The following chart reconciles three-month and nine-month periods ended
   September 30 Net Cash Provided by Operating Activities (GAAP) to
   Discretionary Cash Flow Available to Common (Non-GAAP).  EOG believes
   this presentation may be useful to investors who follow the practice of
   some industry analysts who adjust Net Cash Provided by Operating
   Activities for Changes in Components of Working Capital, Other
   Liabilities and Preferred Stock Dividends.  EOG management uses this
   information for comparative purposes within the industry.

                                   Quarter                 Nine Months
                              Ended September 30,      Ended September 30,
                               2005        2004         2005        2004
  Net Cash Provided by
   Operating Activities
   (GAAP)                    $518,807    $373,416    $1,504,212  $1,017,874

  Adjustments
    Exploration Costs          32,023      21,874        94,833      67,466
    Changes in Components
     of Working Capital
     and Other Liabilities
      Accounts Receivable     166,347      (7,910)      171,428      54,172
      Inventories               2,551         343        14,736       8,711
      Accounts Payable        (62,305)    (15,042)      (79,239)    (56,557)
      Accrued Taxes Payable    (2,818)     (5,099)       (8,018)     (6,428)
      Other Liabilities        (4,161)     (3,699)        1,164      (4,620)
      Other, Net              (11,721)     (5,138)         (804)      5,201
    Changes in Components
     of Working Capital
     Associated with
     Investing and
     Financing Activities      21,784      31,998         1,942      17,596
    Preferred Dividends        (1,857)     (2,758)       (5,573)     (8,274)

  Discretionary Cash Flow
   Available to Common
   (Non-GAAP)                $658,650    $387,985    $1,694,681  $1,095,141



                           EOG RESOURCES, INC.
            QUANTITATIVE RECONCILIATION OF NET DEBT (NON-GAAP)
                         TO LONG-TERM DEBT (GAAP)
                         (Unaudited; in millions)

   The following chart reconciles Long-Term Debt (GAAP) to Net Debt
   (Non-GAAP).  EOG believes this presentation may be useful to investors
   who utilize Net Debt in their analysis.  A significant portion of the
   cash is associated with international subsidiaries; tax considerations
   may impact debt paydown.  EOG management uses this information for
   comparative purposes within the industry.

                                       9/30/2005

  Long-Term Debt (GAAP)                 $1,043
  Less: Cash                              (341)
  Net Debt (Non-GAAP)                     $702

 

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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