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Q4 2009 Earnings Call – EOG Resources, Inc.

EOG Resources, Inc. · Feb 10, 2010 · 20 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. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 1
    NYSE Stock Symbol: EOG Investor Relations Contacts Common Dividend: 0.62 Maire A. Baldwin, Vice President - IR Basic Shares Outstanding: 252.5 Million (713) 651-6364, Fax (713) 651-6473 mbaldwineogresources.com Internet Address:…
  2. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 2
    Operations Organic Year-Over-Year Daily Production Growth Results - Total Company 6.5% - Crude Oil and Condensate 21% - Natural Gas Liquids 48% - Total Liquids 28% Positive Drilling Results in Several New/Expanded Resource Plays…
  3. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 3
    2009 Proved Reserves Increased Total Company Proved Reserves 24% to 10.8 Tcfe p - Total Reserve Replacement* 364% Very Attractive Reserve Replacement Costs* (/Mcfe) All-in, Including Price Revisions 1.18 Total Drilling Drilling,…
  4. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 4
    1999 - 2004 1999 - 2008 1999 - 2009 6 Year Average ROCE 10 Year Average ROCE 11 Year Average ROCE Before Barnett Shale Before and After Barnett Shale 20.0% 18.7% 17.3% 8.1% 6.8% 11.9% 10.5% EOG Peer Group* EOG Peer Group*…
  5. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 5
    Lever Expertise to Capture High Rate of Return Oil and Liquids Rich Resource Plays at Early Mover Costs - Identify Id tif Rock R k Types T Amenable A bl to t Horizontal H i t l Drilling D illi - Apply Completion Techniques to…
  6. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 6
    Oil Shale Plays - Reserves are Likelyy Very y Large g Bakken,, Barnett Combo - Same Geologic Depositional and Saturation Models as Shale Gas - Potential to Extend Over Very Large Areas - Conventional Production Methodology (Not a…
  7. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 7
    76% 75% 70% 64% 55% 50% 50% 45% 36% 30% 24% 25% 2006 2007 2008 2009 2010E* 2011E - 2012E Liquids (Crude Oil and NGLs) Natural Gas 50% of 2010 Revenues Attributable to Liquids * Based on Mid-point of Full Year 2010…
  8. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 8
    2009A 2010E* Total Company 6.5% 13% North American Gas -2% 2% 2% Total Company Crude 21% 55% Oil and O a d Condensate Co de sate Total Company NGLs 48% 28% Total Company Liquids 28% 47% Tolerance + 2% * Based…
  9. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 9
    Liquids Natural Gas Bakken Core Haynesville Bakken Lite Horn River Basin Three Forks Marcellus Barnett Combo Trinidad Waskada Mid-Continent Cleveland Inventory of Oil and Gas Plays for Multi Multi-Year Year Production…
  10. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 10
    EOG Has Best Position in the Entire Trend Plan 12 Rig Program in 2010 Bakken Bakken Core Core Parshall Field Highest Rate of Return Big Oil Play in North America 100,000 Net Acres Canada 850 Mboe Gross Reserves* Per Well Round…
  11. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 11
    Crude by Rail Balances Market vs Third-Party Oil Pipeline to Clearbrook, Minnesota Hub - Rail Option Bypasses Clearbrook Hub and Transports Direct to Cushing, Oklahoma Rail and Other Transportation Facilities - Loading Facility…
  12. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 12
    Combo Core Area 90,000 Net Acres Fort Worth Barnett Combo Barnett Gas EOG Acreage EOG_0210 wom-12
  13. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 13
    Oil Play with Value Added from Natural Gas and NGLs 246 Wells Planned in 2010 with 12 Rig Program Moving Into Multi-Well Development Mode - Focus on Optimal Well Spacing and Improved Reserve Recoveries Core Area 90,000 Net Acres…
  14. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 14
    Haynesville Plan to Run 10 Rigs in 2010 TX LA Play Area - 5 Rigs De Soto Parish Louisiana - 5 Rigs New East Texas Sweet Spot Sweet Spot - Drill 70 Gross Wells 160,000 Net Acres Established New Bossier Reservoir East TX Sweet Spot…
  15. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 15
    Plan a Slow but Steady Multi-Year Development Program Horn River Basin - Plan to Drill 12 Horizontal Wells in 1H 2010 Recent Well - Completions During Summer Months IP 23 MMcfd Calgary 157,500 Net Acres in the Horn River Basin…
  16. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 16
    Plan to Drill 35 - 40 Horizontal Gross Wells in 2010 Expect to Average 16 MMcfd, MMcfd Net Production in 2010 EOG Area 229,000 Total Net Acres - 62,000 Near PA/NY Border - 167,000 JV with Seneca Resources EOG/Seneca JV Area…
  17. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 17
    Trinidad and Tobago ATLANTIC OCEAN Trinidad TRINIDAD 4(a) 317 MMcfed* Production in 2010 U(a) U(b) SECC - Reflects New Contract Deliveries VENEZUELA Pelican United Kingdom NORTH SEA UK U.K.…
  18. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 18
    No Significant 2008 or 2009 Asset Impairments or Reserve Writedowns EOG Reserves R Within Withi 5% off Independent I d d t Engineering E i i Analysis A l i Prepared P d by b DeGolyer D G l and MacNaughton 22 Straight Years -…
  19. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 19
    60% 50% 40% 30% 20% 10% 0% Co. 1 EOG Co. 2 Co. 3 Co. 4 Co. 5 Co. 6 Peer Co. 7 Co. 8 Co. 9 Co. 10 Co. 11 Average Net Debt to Total Capitalization Ratio (Including Preferred Stock) at September 30, 2009** * Peer Group…
  20. Q4 2009 Earnings Call – EOG Resources, Inc. – slide 20
    Outstanding All Around 2009 Metrics Active Horizontal Resource Oil Exploration Program Gaining Momentum - A Major Differentiator 2010 Production Growth Target of 13% Driven by 47% Liquids Growth - High Rate of Return Organic…

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