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EOG Resources Declares Preferred Dividend

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FOR IMMEDIATE RELEASE: Thursday, February 23, 2006

The Board of Directors of EOG Resources, Inc. (EOG) has declared a dividend of $17.9875 per share on EOG's Series B Preferred Stock, payable March 15, 2006 to shareholders of record as of March 8, 2006.

The EOG Board of Directors had recently announced and declared a 50 percent increase in the regular quarterly dividend to $0.06 per share on the common stock of the company, payable April 28, 2006 to shareholders of record as of April 13, 2006. The indicated annual rate is $0.24 per share.

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."

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

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

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