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Credit Suisse Energy Summit – EOG Resources, Inc.

EOG Resources, Inc. · Feb 4, 2013 · 27 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. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 1
    NYSE Stock Symbol: EOG Investor Relations Contacts Common Dividend: 0.68 Maire A. Baldwin, Vice President IR Basic Shares Outstanding: 270.9 Million (713) 651-6364, Fax (713) 651-6473 mbaldwineogresources.com Elizabeth M. Ivers,…
  2. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 2
    Total Company Liquids YOY Growth Target 38% (3rd Increase in 2012)* - Crude Oil and Condensate 40% - NGLs 33% Realizing Premium Crude Oil Prices LLS Index - St. James Rail Terminal In-Service April 2012 Bakken Deliveries - Option…
  3. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 3
    Multi-Year Drilling Inventory of U.S. Centric Onshore Crude Oil Prospects - Will Generate High Annual Oil Production Growth Rates Best in Large-Cap Class Eagle Ford Crude Oil Asset 1.6 BnBoe*, Net to EOG - Best Asset in North…
  4. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 4
    Crude-by-Rail Stanley, ND Clearbrook, MN - EOG Has 4 Years Experience - Competitive with Existing and Announced 95 Pipe Expansions EOG Unloading Facility at St. James, LA - Placed In-Service Mid-April - Up to 100 MBopd EOG Capacity…
  5. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 5
    Strong Organic Crude Oil Production Growth 2010 +35% 2011 +52% 2012E* +40% 2013E Best in Class High-Value Production Generates Strong Growth in - Earnings Per Share - Adjusted EBITDAX - Discretionary Cash Flow Maintain Net…
  6. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 6
    ROE ROCE 13.1% 11.2% 10.3% 8.8% 2012E 2013E 2012E 2013E * Goldman Sachs estimates January 22, 2013, 97 WTI and 3.75 Henry Hub in 2013. EOG_CS0213-5
  7. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 7
    1,600 1,600,000 Bakken and Eagle Ford 81% of Current Horizontal Crude Oil Production* 1,400,000 1,400 1,200,000 1,200 532 Mbod* 1,000 1,000,000 Eagle Ford MBod 800,000 800 600,000 600 Bakken 400,000 400…
  8. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 8
    200 175 EOG is Industry Leader by 2:1 Ratio 150 125 100 75 50 25 0 EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Co. 6 Co. 7 Co. 8 * Source: IHS Data as of July 2012. Select onshore Lower 48 formations with growing crude…
  9. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 9
    2 4 6 8 10 12 14 16 00 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Jan-1920 Jan-1924 Jan-1928 Jan-1932 * Source: EIA / Data through Oct 2012. Jan-1936 Jan-1940 Jan-1944 Jan-1948 Jan-1952…
  10. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 10
    Improve Recovery Factor of Oil-in-Place in Existing Plays - Testing Denser Well Spacing Secondary Recovery Methods Continue to Explore for New Hz Oil/Liquids Prospects Onshore North America - Leverage Expertise in Hz Shales Identify…
  11. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 11
    Crude and Condensate Total Liquids (Mbd) (Mbd) 215 158 156 113 105 75 79 55 62 46 31 43 2007 2008 2009 2010 2011 2012E* 2007 2008 2009 2010 2011 2012E* * Based on mid-point of full-year 2012 production estimates as…
  12. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 12
    First Mover in U.S. Large Unconventional Horizontal Oil Plays Big Four Eagle Ford Biggest Oil Producer Premier 574,000 Net Acre Oil Window Bakken/Three Forks Large Position Leonard and Wolfcamp Shale Strong Positions Barnett Combo…
  13. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 13
    2012E Capex 7.6 Bn* Including Facilities and Midstream Gathering, Exploration and Processing and Other Development Facilities 9% 9% Exploration and Development 82% 2012…
  14. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 14
    YTD 9 Months 2010 2011 2012 2012E* 2013+ Crude Oil and Condensate 35% 52% 47% 40% Continued NGLs 29% 39% 40% 33% Best-in-Class Double-Digit Total Company Liquids 33% 48% 45% 38% Growth North American Gas** -2% -7% -9% -9% Negative…
  15. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 15
    86% 86% 79% 76% NGLs 71% 72% 59% 53% Oil 47% 41% 29% 28% 24% 21% 14% 14% 6% Hedged 2006 2007 2008 2009 2010 2011 YTD 9 Mos 2012E** 2012 Liquids (Crude Oil and NGLs) Natural Gas * 2006 - 2011 and year-to-date…
  16. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 16
    90% 80% 70% EOG +83% 60% Peer Avg +2% 50% 40% 30% 20% 10% Co. 8 Co. 9 Co. 10 Co. 11 Co. 12 0% EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Co. 6 Peer Co. 7 -10% Avg -20% -30% -40% Source: Goldman Sachs estimates January…
  17. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 17
    30% EOG +29% 20% Peer Avg +5% 10% Co. 9 Co. 10 Co. 11 Co. 12 0% EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Co. 6 Peer Co. 7 Co. 8 Avg -10% -20% Source: Goldman Sachs estimates January 22, 2013, 97 WTI and 3.75 Henry Hub…
  18. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 18
    EOG Has Captured the Biggest U.S. Crude Oil Discovery Net to One Company in the Past 40 Years Estimated Potential Reserves* Oil 1,136 MMBo NGLs 256 MMBbl San Antonio Gas 1,248 Bcf Total 1,600 MMBoe, Net to EOG Largest Oil…
  19. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 19
    Well Quality is Improving - Further Improvements in Completions - IP Rate of Some Recent Wells Exceeding 4,000 Bopd Plus NGLs and Gas - Recent Wells in West IP 2,000 Bopd Plus NGLs and Gas - Very Strong 30-Day Average Rates -…
  20. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 20
    Boysen Unit 1H and Baird Heirs Unit 4H IPs: 2,540 and 2,242 Bopd + 268 and Baker-DeForest Unit 4H 181 Bpd of NGLs + 1.6 and 1.1 MMcfd IP: 4,598 Bopd with 488 Bpd of NGLs+ 2.9 MMcfd Lowe Pasture 9H and 10H Baker-DeForest Unit 1H,…
  21. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 21
    Canada One of Top Bakken Oil Producers in North Dakota - 56.4 MBoed Gross Production at YE 2011 Stateline/ Stanley, ND Diamond - 7-to-10 Year Drilling Inventory Point Area Core Area 2012 Areas of Activity Water Current 5-Rig…
  22. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 22
    240,000 Total Net Acres - Plan to Drill 106 Net Wells in 2012 - Generating 35% - 45% Direct ATROR* Leonard Shale NGLs Estimated Reserves 430 MBoe/Well, Gross (340 MBoe/Well, NAR) - 5.5MM CWC Target 31% Oil 41% - Drilled 42,…
  23. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 23
    EOG is the Largest Oil Producer in the Barnett Combo 215,000 Net Acres in Core Area - Recently Expanded with Successful Step-Out Wells Combo Core Area 215,000 Net Acres Continues to be Significant Liquids Growth Contributor in…
  24. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 24
    Trinidad and Tobago Trinidad ATLANTIC OCEAN TRINIDAD YOY Production in 2012 vs. 2011 Higher Due to Local Demand 4(a) U(a) U(b) SECC VENEZUELA United Kingdom United Kingdom East Irish Sea (Conwy) Central…
  25. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 25
    EOG Reserves Within 5% of Independent Engineering Analysis Prepared by DeGolyer and MacNaughton - 24 Straight Years - Reviewed 85% of Proved Reserves for 2011 Conservative - Successful Efforts Accounting - Zero Goodwill - Credit Ratings…
  26. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 26
    North American Oil* 2012** 28% Hedged at 105.81 Bopd /Bbl 2013 January 101,000 99.29 February 1 to April 30 109,000 99.17 May 1 to June 30 101,000 99.29 July 1 to December 31 93,000 98.44 North American Natural Gas* 2012** 45%…
  27. Credit Suisse Energy Summit – EOG Resources, Inc. – slide 27
    EOG Has Largest Proven U.S. Horizontal Drilling Oil Inventory in Entire Industry EOG Has Captured Low-Cost, First-Mover Advantage Key Differentiator Horizontal Oil Assets Will Drive Strong 2012+ Production Growth with High Margins -…

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