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EOG Resources Declares Preferred Dividend

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FOR IMMEDIATE RELEASE: Monday, October 29, 2007

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 December 14, 2007 to shareholders of record as of December 7, 2007.

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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