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31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc.

EOG Resources, Inc. · May 27, 2015 · 15 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. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 1
  2. 31ST ANNUAL STRATEGIC DECISIONS 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. 31ST ANNUAL STRATEGIC DECISIONS 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. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 4
    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…
  5. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 5
    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…
  6. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 6
    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…
  7. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 7
    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…
  8. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 8
    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…
  9. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 9
    Average Cumulative Crude Oil Production* High-Density Completion Design (Mbo) 47 High-Density Wells* vs. 41 Low-Density Wells* (Mbo) 80 80 70 High-Density 70 Cumulative Oil Production 60 +23% 60 50 2014 50 2013 40 40…
  10. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 10
    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…
  11. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 11
    (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…
  12. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 12
    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…
  13. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 13
    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…
  14. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 14
    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. Bernstein_0515-13
  15. 31ST ANNUAL STRATEGIC DECISIONS CONFERENCE – EOG Resources, Inc. – slide 15
    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:…

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