KeyfactsEnergy

EOG Resources

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EOG Corporate Headquarters
1111 Bagby, Sky Lobby 2 (77002)

P.O. Box 4362
Houston, TX 77210-4362

Tel: (713) 651-7000

EOG Resources China Ltd
Suite 2601 Crown Plaza 31 Zong Fu St
Chengdu 610016
China

Tel:

Description

EOG Resources, Inc. (NYSE:EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States, Trinidad and China.

The company uses advanced technology such as 3D seismic, core analysis, and microseismic to develop proprietary petro-physical models. These models inform the company’s execution of precision horizontal targeting and customized advanced completions.

In order to find and develop low-cost reserves, EOG prioritizes exploration and drilling of internally generated prospects. This strategy is intended to consistently deliver cost-effective crude oil and natural gas production that maximizes cash flow and earnings, allowing the company to deliver long-term shareholder value while maintaining a strong balance sheet.

Reserves and production

At December 31, 2019, EOG's total estimated net proved reserves were 3,329 million barrels of oil equivalent (MMBoe), of which 1,694 million barrels (MMBbl) were crude oil and condensate reserves, 740 MMBbl were NGLs reserves and 5,370 billion cubic feet (Bcf), or 895 MMBoe, were natural gas reserves. At such date, approximately 98% of EOG's net proved reserves, on a crude oil equivalent basis, were located in the United States, 1% in Trinidad and 1% in other international areas.

Total crude oil volumes in the fourth quarter 2019 were 468,900 Bopd, which was above the midpoint of the target range and represents an eight percent increase compared with the same prior year period. Natural gas liquids and natural gas volumes increased by 17 percent and 15 percent, respectively, during this same period.

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