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INVESTOR PRESENTATION – EOG Resources, Inc.

EOG Resources, Inc. · Apr 5, 2010 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 1
    EOG_South Texas Eagle Ford-1
  2. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 2
    Why Eagle Ford Well-Defined Oil Window Associated with Large Resource Play G d History Good Hi t off Vertical V ti l Well W ll Oil Production P d ti Shale Play with Haynesville Scale Permeability in the Oil Window Large…
  3. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 3
    Numerous Vertical Penetrations - Including 12 Eagle Ford Oil Producers Austin Chalk Production 554 MMboe - Points to Significant Bypassed Eagle Ford Accumulation First EOG Wells Over-Pressured - Most Eagle Ford Oil Stayed in the…
  4. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 4
    November 1998 Garner 1054 C1 Vertical Well Encountered Over-Pressured Over Pressured Eagle Ford Tested and Ultimately Completed Austin Chalk September 2007 Started Leasing in Karnes Trough Oil Window October 2008 Drilled First…
  5. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 5
    If All Eagle Ford is Good, Why Oil Window IP Gross CWC NPV(10) Play y Area ( (Mcfd + Bopd) p ) Bcfe Mboe ((M)) ATROR* ((M)) Dry Gas 9,100 5.5 5,500 27% 1,794 Oil Window East 500 + 800 2.9 481 5,000 95% 5,605 West 400 + 600…
  6. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 6
    Vertical Well 74 Mbo Vertical Well 7 Mbo Vertical Well Vertical Well Previously Seen by Others as a Source 22 Mbo 139 Mbo Rock, NOT a Reservoir Rock Vertical Well Vertical Well 4 Mbo 25 Mbo What Did We See - Great Porosity…
  7. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 7
    10,000 The Case For Matrix Flow 1,000 Darlene 1H Forecast (Horizontal Well) EUR = 501 Mboe Gross Matrix Dominant High IP, Hyperbolic 100 Decline, Long Life, b=1.5 Bopd d 10 Eagle Ford Vertical Model Forecast 1 Ave 57…
  8. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 8
    The Case For Matrix Flow Two Wells 30 Miles Apart Carbonate 60% - 75% Porosity 4% - 11% Permeability 40 - 1,300 1 300 nd Consistent Great Rock Quality 1 m 1,000 nm EOG_South Texas Eagle Ford-9
  9. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 9
    Oil Window Leasing Focused on Thick Eagle Ford Section Higher Reservoir Pressure Best Porosity Best B tS System t P Permeability bilit Thickness (ft) Oil 330 Window 300 270 240 210 180 150 Wet Gas 120 Window 90 60…
  10. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 10
    Discovery Eagleville Oil Field Milton 1H Marshall Oil Window Cores and Logs From Delineation Wells Confirm Rock Quality Milton Little Darlene Peeler Thickness (ft) Oil 330 Hundley Window 300 Hoff 270 240 210 180 150…
  11. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 11
    Excellent and Consistent Rock Quality Acreage in Peak Oil Window Marshall High Rate Oil Wells Average 46 MMbo/Section 900 MMboe, NAR Potential* Reserves San Antonio Milton Little Darlene Thickness (ft) Peeler Oil 330…
  12. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 12
    EOG_South Texas Eagle Ford-13
  13. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 13
    San Antonio Oil Window Discovery Well Wet Gas Milton 1H Window Dry Gas Corpus Christi Window Net Acres Oil 505,000 Wet Gas 26,000 Laredo y Gas 49,000 Dry EOG Leases Total 580,000 0 25 Miles EOG_South Texas Eagle…
  14. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 14
    Type Log Milton Unit 1 Reservoir Parameters Eagle Ford Formation 10,500 TVD Initial Reservoir Pressure 7,350 Psi API Gravity 41.5 Eagle Ford Fm. Thickness 290 Pay Zone e Average Porosity 9% Buda Fm. EOG_South…
  15. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 15
    Milton 1H Discovery Well Drilled January 2009 Stimulated with Typical Barnett Style Completion - 1,800 Lateral, 2.1 MM of Sand Encouraging Results - April A il 24, 24 2009 Flowed Fl d Oil att 668 Bopd B d Inefficient…
  16. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 16
    Drilled 16 Delineation Wells over 120 Miles in Oil Window Drilled 5 Microseismic Frac Monitor Wells Stimulated with New Style Completion - Microseismic Indicates Good Fracture Complexity EOG_South Texas Eagle Ford-17
  17. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 17
    Marshall 2H Delineation Wells Initial Production Rates - 1,658 Bopd Marshall 3H - 1,492 Bopd Marshall 5H - 703 Bopd Milton 1H - 668 Bopd Milton 3H - 909 Bopd B d Milton 10H Darlene 1H - 815 Bopd - 959 Bopd Harper 1H - 969…
  18. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 18
    Marshall 2H - 520 Mboe Gross Estimated Reserves Per Well Marshall 3H - 348 Mboe Marshall 5H - 489 Mboe Mb Milton 1H - 117 Mboe Milton 3H - 365 Mboe Milton 10H Darlene 1H - 268 Mboe - 501 Mboe Harper 1H Oil - 294 Mboe…
  19. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 19
    Eagleford Isopach Map Per Well Reserves Based on East Area Longer Laterals than Early Wells 227,000 Acres, Net Optimized Fracture Stimulations 42 MMbo/Section Access to Gas Processing to Capture NGLs 385 Mboe/Well RF = 3 3.8%…
  20. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 20
    Marshall T. R. Unit 2H IP: 1,658 Bopd 520 Gross / 416 Net, Mboe 3,711 in Zone 3H IP: 1,492 1 492 Bopd 348 Gross / 278 Net, Mboe 2,757 in Zone 5H IP: 703 Bopd p 489 Gross / 391 Net, Mboe 3,168 in Zone Eagle Ford Drilled Wells Eagle…
  21. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 21
    West Area Decline Curves East Area Decline Curves P l 2H Peeler Peeler P l 10H Darlene D l 1H Milton 3H Mil 4,050 ft Lateral 4,400 ft Lateral 2,450 ft Lateral 2,400 ft Lateral EUR 258 Mboe, Gross EUR 356 Mboe, Gross EUR 501 Mboe,…
  22. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 22
    East Area NGLs 16% Recovery Factor 3.8% Gas Oil 359 MMbo 15% Oil East 69% Gas 478 Bcf NGLs 85 MMbl NGLs 4% West Area Gas 8% Recovery Factor 2.6% Oil 331 MMbo West Oil Gas 183 Bcf 88% NGLs 15 MMbl Total Oil 690 MMbo…
  23. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 23
    ATROR* 120% Net EUR 385 Mboe Lateral 3,000 - 3,500 100% 95% Current Inventory 1,360 Wells Oil Price for 15% ATROR* 44/Bbl 80% 77% 67% 60% 57% 49% 40% Goal Current 20% ATROR ATROR* ATROR ATROR* 95% 77% 0% 4,500…
  24. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 24
    ATROR* 80% Net EUR 254 Mboe 70% Lateral 4,500 - 5,000 4,500 5,000 66% Current Inventory 1,480 Wells 60% Oil Price for 15% ATROR* 55/Bbl 52% 50% 43% 40% 36% 30% 30% 26% 20% Goal Current ATROR ATROR* ATROR* 10% 66%…
  25. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 25
    Acreage g Net After Royalty y y ((NAR)) Well % Spacing Net Resource/ Net* Drillable (Acres) Locations** Well** Potential*** E tA East Area 227 000 227,000 75% 125 1 360 1,360 385 Mboe Mb 524 MMboe MMb West Area 278,000 75%…
  26. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 26
    185 185 175 150 115 75 40 6 2010E 2011E 2012E 2013E 2014E 2015E 2016E 2017E Oil Gas NGL EOG_South Texas Eagle Ford-27
  27. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 27
    Executed LOI for Oil and Gas Gathering/Transportation Oil Access to Significant g Nearby y Refining g Capacity p y - Corpus Christi, Houston and Cushing Markets High g BTU Gas Transportation and Sales to Nearby NGL Markets O…
  28. INVESTOR PRESENTATION – EOG Resources, Inc. – slide 28
    Takeaways Leased over 505 505,000 000 Net Acres in the Eagle Ford Oil Window Confirmed Play Viability Over 120 Miles Estimate 900 MMboe Recoverable Reserves*, NAR Identified 2 2,840 840 Potential Horizontal Drilling…

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