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EOG Resources Declares Quarterly Dividends and Names General Counsel

HOUSTON, April 24 /PRNewswire-FirstCall/ -- The Board of Directors of EOG Resources, Inc. (NYSE: EOG) (EOG) has declared its regular quarterly dividend of $0.09 per share on the common stock of the company, payable July 31, 2007, to shareholders of record as of July 17, 2007. The indicated annual rate is $0.36.

The EOG Board of Directors has also declared a dividend of $17.9875 per share on the Series B Preferred Stock, payable June 15, 2007 to shareholders of record as of June 8, 2007.

EOG also announced the appointment of Frederick J. "Rick" Plaeger, II as Senior Vice President and General Counsel effective April 23, 2007. Rick received his Bachelor of Science Degree in Business Administration and Juris Doctor Degree in Law from Louisiana State University. He served as Vice President, General Counsel and Corporate Secretary of The Louisiana Land and Exploration Company in New Orleans from 1989 to 1997, when it was acquired by Burlington Resources Inc., and then as Vice President and General Counsel of Burlington Resources Inc. in Houston from 1997 until ConocoPhillips acquired it in 2006.

"We are pleased to have someone with Rick's extensive experience in the independent oil and gas industry and leadership track record join our senior management team," said Mark G. Papa, Chairman and Chief Executive Officer.

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".

SOURCE EOG Resources, Inc.

Contact: investors, Maire A. Baldwin, +1-713-651-6EOG [651-6364], or media and investors, Elizabeth M. Ivers, +1-713-651-7132, both of EOG Resources, Inc.