Skip to main content Barclays Americas Select Franchise Conference – EOG Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Barclays Americas Select Franchise Conference – EOG Resources, Inc.

EOG Resources, Inc. · May 19, 2015 · 25 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. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 1
    NYSE Stock Symbol: EOG Investor Relations Contacts Common Dividend: 0.67 Cedric W. Burgher, SVP Investor and Public Relations Basic Shares Outstanding: 549 Million (713) 571-4658, cburghereogresources.com David J. Streit, Director IR…
  2. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 2
    Rate-of-Return Focus Drives Shareholder Value Exploration and Technology Focus - Core Competency and Sustainable Competitive Advantage Exploration - Generate New Plays Internally Capture Premier Acreage Early-Mover Strategy Drives Low…
  3. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 3
    ROCE** ROE** 16.4% 15.6% 13.7% 13.7% 14.1% 13.3% 12.4% 12.4% 12.4% 10.5% 7.8% 6.6% 6.9% 4.8% Integrateds Integrateds Integrateds Integrateds 3.4% 3.7% Majors Majors Majors Majors EOG*…
  4. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 4
    0.70 Committed to the Dividend 0.67 Increased Dividend Twice in 2014 0.60 16 Dividend Increases in 15 Years 0.50 0.40 0.38 0.34 0.31 0.32 0.29 0.30 0.26 0.20 0.18 0.12 0.10 0.08 0.05 0.06 0.03 0.04 0.04 0.04…
  5. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 5
    Better Economics 65 Oil than 95 Oil 100% Three Years Ago 80% 73% 71% 60% 60% ATROR* 40% 36% 20% 0% Western Eagle Ford Delaware Basin Leonard 2012 95 Oil Today 65 Oil * See reconciliation schedule. Barclays_0515-4
  6. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 6
    Legend Areas of Operation Offices Corporate Headquarters Barclays_0515-5
  7. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 7
    Minimum Drilling Play Locations* Years** Eagle Ford 5,500 11 Bakken/Three Forks 580 7 Delaware Basin Leonard 1,600 40 Delaware Basin 2nd Bone Spring Sand Evaluating Delaware Basin Wolfcamp 1,100 75 DJ Basin 460 12 Powder River…
  8. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 8
    Play Net Type Acres Marcellus, Bradford County 46,000 Gas Haynesville 143,000 Gas and Combo Eagle Ford 63,000 Gas Barnett 298,000 Gas and Combo Uinta 94,000 Gas and Combo S. Texas Frio/Vicksburg 195,000 Gas and Combo Horn River 127,000…
  9. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 9
    400 375 350 325 300 EOG is Industry Leader by 2:1 Ratio 275 250 225 200 175 150 125 100 75 50 25 0 EOG APC COP CHK MRO DVN WLL CLR PXD HES * Source: IHS Data as of Nov 2014. Select onshore Lower 48 formations with…
  10. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 10
    Top 20 Thousand Club* Contributors Top 20 Thousand Club* Contributors Peak 30-Day Rate 2014 Well Count Boed 250 2,500 200 2,000 150 1,500 100 1,000 500 50 0 0 EOG 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16…
  11. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 11
    Focus on Returns Maximize Return on Capital Invested in 2015 - Drill Best Plays: Eagle Ford, Delaware Basin and Bakken - Deferring Well Completions Focus on Improving Well Productivity, Reducing Costs Maintain Strong Balance Sheet…
  12. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 12
    Gathering, Processing and Other 8.3 Bn Exploration and Development Facilities 0.7 Exploration and Development 1.0 4.9-5.1 Bn 0.4 0.6 6.6 4.0 2014 2015* 85% of 2015* Capex Going to Top Plays: Eagle Ford, Delaware…
  13. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 13
    Eagle Ford Bakken/Three Forks Direct ATROR* at Flat 55 Oil Direct ATROR* at Flat 65 Oil Delaware Basin Leonard Delaware Basin Wolfcamp Oil and Combo Delaware Basin 2nd Bone Spring Sand 35% 60% Powder River Basin Midland…
  14. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 14
    Additional Net Present Value Per Well Defer Well Completion Six Months at Various Prices 900M 750M 600M 450M 300M 55 60 65 70 75 Oil Price After Six Months* * 45 oil price first six months. Based on Eagle Ford West…
  15. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 15
    14 EOG Maintains Stable LOE Despite Rising Liquids Mix 12 10 EOG Peers 2014 LOE 8 LOE/Boe 2011 2014 2015E 2012 6 2013 2010 4 2 0 0% 10% 20% 30% 40% 50% 60% 70% 80% Liquids Production Source: Company…
  16. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 16
    1Q 2015 Well Performance Exceeded Expectations - Oil Production Ahead of Guidance Well Costs Currently Below 2015 Plan Levels - Additional Reductions Possible Maintained Flat YoY Oil Production Guidance for 2015 - U Shaped…
  17. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 17
    Average Cumulative Crude Oil Production* High-Density Completion Design (Mbo) 47 High-Density Wells* vs. 41 Low-Density Wells* (Mbo) (Mbo) 80 80 70 High-Density 70 Cumulative Oil Production 60 +23% 60 50 2014 50 2013 40…
  18. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 18
    Completed Well Cost* Average Drilling Days* (MM) (Spud-to-TD) 6.1 14.2 5.7 5.5 5.3 10.9 8.9 7.4 4.3 2014 2015 Plan Current Target 2012 2013 2014 Current Record * Normalized to 5,300 lateral. CWC = Drilling, Completion…
  19. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 19
    (Days) 25 Average Days Spud-to-TD 20 15 10 Eagle Ford** 5 Barnett Combo* 0 2007 2008 2009 2010 2011 2012 2013 2014 2011 2012 2013 2014 * Normalized to 5,000 lateral and total measured depth 12,400 ** Normalized…
  20. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 20
    Brushy Canyon Net to EOG* Leonard A New Mexico High ROR Oil Play 550 MMboe Texas - 300 Spacing Tests Leonard B Red Hills Encouraging Leonard/ Bone Spring 4,800 1st Bone Spring 2nd Bone Spring Over-Pressured Oil Play…
  21. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 21
    EOG Wells vs. Peers Completed Well Cost* Average 90-Day Cumulative Production* (MM) (Mbo) 70 60 7.7 50 6.5 40 6.0 5.7 30 20 10 0 EOG 1 2 3 4 5 6 7 Peer 8 9 10 11 12 13 14 2014 Average 2015 Plan Current Target Avg * All…
  22. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 22
    Average Cumulative Crude Oil Production* Average Well Spacing (Mbo) (Feet) 80 70 2014 1,030 60 2013 910 2012 835 50 2011 40 560 30 20 10 0 0 30 60 90 120 150 180 2011 2012 2013 2014 Producing Days * Normalized to…
  23. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 23
    Completed Well Cost* Average Drilling Days* (MM) (Spud-to-TD) 9.3 22.7 8.2 8.0 7.4 16.1 12.0 10.4 7.1 2014 2015 Plan Current Target 2012 2013 2014 4Q14 Record * Normalized to 10,000 lateral. CWC = Drilling, Completion…
  24. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 24
    Better Economics 65 Oil than 95 Oil 100% Three Years Ago 80% 73% 71% 60% 60% ATROR* 40% 36% 20% 0% Western Eagle Ford Delaware Basin Leonard 2012 95 Oil Today 65 Oil * See reconciliation schedule. Barclays_0515-23
  25. Barclays Americas Select Franchise Conference – EOG Resources, Inc. – slide 25
    On Track to Achieve 2015 Objectives Lower Finding and Operating Costs - Optimize All Operations - Continue Investing in Infrastructure to Lower Costs Six-Month Payouts - Capture Service Price Reductions Defer Production Growth:…

From the store

Browse maps, data & reports in the Shale Experts store