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MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc.

EOG Resources, Inc. · May 5, 2011 · 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. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 1
    NYSE Stock Symbol: EOG Investor Relations Contacts Common Dividend: 0.64 Maire A. Baldwin, Vice President - IR Basic Shares Outstanding: 268.4 Million (713) 651-6364, Fax (713) 651-6473 mbaldwineogresources.com Elizabeth M. Ivers,…
  2. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 2
    Strongest Horizontal Oil Inventory in the U.S. E&P Industry Success of Captured Horizontal Oil Inventory Has Exceeded Expectations - 1.8 Bnboe*, Net, All Organic 69% Crude Oil, 18% NGLs First-Mover Positions in Large Oil Resource…
  3. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 3
    Capital Structure Active Drilling Program with Large Capex Requirements 2011 2012, Plan to Execute with High ROR Program and Only Moderate Leverage - Targeting YE 2011 YE 2012 Net…
  4. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 4
    First/Early Mover in Many North American Shale Plays Oil and Natural Gas Technical Leader in Horizontal Completions of Unconventional Reservoirs Oil Transition to Oil-Dominant Company Essentially Complete Biggest Oil Producer in North…
  5. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 5
    Natural Gas Massive Inventory of Captured Gas Assets in Low Finding Cost Plays Haynesville/Bossier 11 Tcf*, Net on 190,000 Net Acre Position 78% in Sweet Spot Marcellus 3.3 Tcf*, Net 210,000 Net Quality Acres Barnett Currently EOGs…
  6. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 6
    1999 2009* After Transition EOG Transitioning to Oil 11 Year Average 2012E** 2010* - 2011E** 25.6% 11.2% 15.3% 14.4% 14.0% 2.5% 12.8% 10.2% 10.5% 0.3% 1.6% EOG Peer EOG Peer EOG Peer EOG Peer EOG PeerGroup Group* EOG…
  7. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 7
    35% 30% 25% 20% 15% 10% 5% 0% EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Co. 6 Co. 7 Peer Avg Co. 8 Co. 9 Co. 10 Co. 11 Source: Wells Fargo estimates March 2011 * Peers Include: APA, APC, CHK, COG, DVN, NFX, NBL,…
  8. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 8
    2011E Capex - 6.4 to 6.6 Bn* Including Facilities and Midstream Gathering, Exploration and Processing and Other Development Facilities 8% 9% Exploration and Development 83% Exploration and Development 83% 80% Focused…
  9. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 9
    Preliminary YOY FY 2010 1Q 2011 2011E* 2012E 2013+ Crude Oil and Condensate 35% 48% 55% 30% NGLs 29% 44% 34% 18% Further Total Company Liquids 33% 47% 49% 27% Growth North American Gas -2% 2% -6%** 3%** Other Gas 24% 9% -4% 2%…
  10. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 10
    79% 76% 74% 71% 71% 65% 59% 53% 47% 41% 35% 29% 29% 26% 24% 21% Preliminary 2006 2007 2008 2009 2010 1Q 2011 2011E** 2012E Liquids (Crude Oil and NGLs) Natural Gas * 2006 - 1Q 2011 based on North American…
  11. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 11
    45% 40% 35% 30% 25% 20% 15% 10% 5% 0% EOG** Co. 1 EOG** Co. 2 Co. 2 Co. 3 Peer Peer Average Co. 4 Co. Co. 5 5 Co. 6 Co. Co. 77 Co. 8 Co. Co. 99 Average Source: Goldman Sachs estimates April 25, 2011 *…
  12. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 12
    Captured Reserves* - Oil 690 MMBo - NGLs 100 MMBbl - Gas 661 Bcf Total 900 MMBoe, NAR San Antonio Cherry-Picked Optimum Oil Acreage - Best Reservoir Quality and Net Thickness - Volatile Oil Window Maximizes Oil Crude Oil…
  13. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 13
    HFS Unit (3 Wells) Avg. IP 1,403 Bopd + 1,047 Mcfd Edwards (2 Wells) Avg. IP: 904 Bopd + 350 Mcfd Vickers 2H Sweet Unit (2 Wells) Hill Unit 2H IP: 743 Bopd + 444 Mcfd Avg. IP: 1,182 Bopd + 1,323 Mcfd IP: 1,233 Bopd + 685 Mcfd…
  14. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 14
    Predictable High-Return Play - Repeatable Well Results Across 120-Mile Lease Position - 95% to 140% Direct ATROR* at Current Prices and Costs - Expect to Decrease Well Costs with Self-Sourced Fracs Confirmed 77% Oil, 88% Liquids…
  15. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 15
    100 Percent Successful Completion Rate to Date - 96 Net Wells Drilled in 2010 Wells Performing Better Than Original Models Expected EUR/Well Average Average Area (MBoe, NAR) Lateral Length IP (Bopd) East 460 4,000 800 - 1,500 +…
  16. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 16
    Biggest Oil Producer in North Dakota - 49.4 Mboed, Gross Production at YE 2010 Bear Den Pattern IPs 600,000 Total Net Acres Early, Premier Position Round Prairie 10-1819H 7-17H 1,882 Bopd 1,458 Bopd 4-20H 2,116 Bopd Consistent Well…
  17. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 17
    Increased Core Area to 185,000 Net Acres Development Drilling in Cooke County and Central and Western Montague County Combo Core Area 185,000 Net Acres Strong Wells from New Completions Western Montague County Bopd Mcfd - Rosa…
  18. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 18
    120,000 Net Acres Captured in Play - Completed 6 Horizontal Wells to Date Munson 2701H - 44,000 Acres Proven to Date University 43-1001H - Multiple Pay Targets Core Area Core Area Potential* Reserves 40 MMBoe, NAR - Early Irion…
  19. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 19
    Control 120,000 Total Net Acres in Play - Completed 17 Horizontal Wells to Date Prospective - 49,000 Acres Proven to Date Area Eddy Lea - Multiple Bone Spring Objectives Underlie Shale Potential* Reserves 65 MMBoe, NAR in New Mexico…
  20. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 20
    Jersey 12-25H Fox Creek 3-35H Continuing to Exploit Hereford Ranch Field with Good Well Results NE CO - Current Production 4 MBopd, Net Current 3-Rig Drilling Program - Drilling Activity to Date Concentrated on 80,000 of 220,000…
  21. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 21
    138,000 Net Acre Position with Multiple Pay Zones Initial Target Turner Sandstone Horizontal - Plan Further Tests on Other Horizons Later in 2011 and 2012 8 Successful Horizontal Wells to Date 100% Success - Typical Well Crossbow 7-06H…
  22. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 22
    190,000 Net Acres Haynesville/Bossier Shale Play Area - Third Largest Holder of Sweet Spot Acreage - Strong Economics from Both Haynesville Sweet Spot and Bossier Shales TX LA Potential Reserves* 11 Tcf, NAR - Haynesville 5.6…
  23. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 23
    EOG Has Highest % of Sweet Spot Acreage 600,000 500,000 Area Direct ATROR* 400,000 Sweet Spot 50% Remainder 6% - 30%** 300,000 **7,500 Lateral TX 200,000 HBP 100,000 35% 25% 37% 78% 7.5% 0 Co. 1 Co. 2 Co. 3 EOG Co.…
  24. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 24
    210,000 Net Acres in Pennsylvania - 50,000 Acres Bradford Area, 100% WI Bradford Area - 160,000 Acres Elk/Clearfield Area, 50% WI Elk/Clearfield Potential Reserves* 3.3 Tcf, NAR Area Improvement in Well Completions with High…
  25. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 25
    157,500 Net Acres Potential Reserves* 9 Tcf, Net Minimal Drilling in 2011 to Hold Acreage Kitimat LNG Export Facility Fort Nelson Strategy is to Link Reserves to Oil-Indexed LNG Contracts Reached Agreement with First Nations…
  26. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 26
    EOG Reserves Within 5% of Independent Engineering Analysis Prepared by DeGolyer and MacNaughton 23 Straight Years Reviewed 77% of Proved Reserves in 2010 Conservative - Successful Efforts Accounting - Zero Goodwill - Credit Ratings…
  27. MAY 2011 INVESTOR PRESENTATION – EOG Resources, Inc. – slide 27
    Horizontal Oil From Unconventional Rock is Real - Assets Generating Consistent and Repeatable Results - Multi-Year Drilling Inventory EOG Has Captured Low Cost First-Mover Advantage Key Differentiator Horizontal Oil Will Drive Strong…

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