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UBS Bus less Tour 2015 – EOG Resources, Inc.

EOG Resources, Inc. · Sep 17, 2015 · 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. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 1
  2. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 2
    2015 Plan Maintained Oil Production Guidance Lowered Capex Guidance by 200 Million Lowered LOE, G&A and Transportation Expense Guidance Increased Year-End Uncompleted Net Well Forecast to 320 from 285 - Drill 570 Net Wells and…
  3. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 3
    Five Sustainable Advantages 1. High-Quality Assets With Scale 2. Innovation and Technology Focus 3. Low-Cost Operator 4. Organic Exploration Growth 5. Organization and Culture Uniquely Positioned to Improve Returns Year After…
  4. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 4
    Direct ATROR* at Flat Oil Prices Eagle Ford Bakken/Three Forks Core Delaware Basin Wolfcamp Delaware Basin 2nd Bone Spring Sand Delaware Basin Leonard 35% 95% 50 Oil 65 Oil Powder River Basin Wyoming DJ Basin 10% 25%…
  5. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 5
    Resource Net Remaining Drilling Potential Play Acres Locations* Years** (MMBoe)*** Eagle Ford 561,000 5,500 13 3,200 Bakken/Three Forks Core 120,000 590 14 620 Bakken/Three Forks Non-Core 110,000 950 400 Delaware Basin Leonard…
  6. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 6
    Five Sustainable Advantages 1. High-Quality Assets With Scale 2. Innovation and Technology Focus 3. Low-Cost Operator 4. Organic Exploration Growth 5. Organization and Culture Uniquely Positioned to Improve Returns Year After…
  7. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 7
    2010 Completions 540 Events /1,000 ft Contacting More 2015 Completions Rock Near Wellbore 4,030 Events /1,000 ft UBS_0915-6
  8. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 8
    Eagle Ford West Wells Eagle Ford West Completion Design Average Cumulative Crude Oil Production* 47 High-Density Wells* vs. 41 Low-Density Wells* 2014 Vintage Wells (Mbo) (Mbo) 120 60 2015 High-Density 2014 100 Wells 50…
  9. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 9
    Better Completions Downspacing Leonard Shale Cumulative Leonard Shale Average Well Spacing Crude Oil Production* (Feet) (Mbo) 40 2015 2014 1,030 30 2013 2012 910 835 2011 20 560 390 10 0 0 20 40 60 2011 2012 2013…
  10. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 10
    Best Eagle Ford Target Best Target UBS_0915-9
  11. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 11
    Five Sustainable Advantages 1. High-Quality Assets With Scale 2. Innovation and Technology Focus 3. Low-Cost Operator 4. Organic Exploration Growth 5. Organization and Culture Uniquely Positioned to Improve Returns Year After…
  12. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 12
    Completed Well Cost* Average Drilling Days* (MM) (Spud-to-TD) 8.8 20.8 7.8 7.1 14.7 6.5 12.4 8.2 5.6 2014 2015 Plan Current Target 2012 2013 2014 2Q15 Record * Normalized to 8,400 lateral. CWC = Drilling, Completion…
  13. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 13
    Completed Well Cost* Average Drilling Days* (MM) (Spud-to-TD) 6.1 14.2 5.7 5.5 5.3 10.9 8.9 7.7 4.3 2014 2015 Plan Current Target 2012 2013 2014 Current Record * Normalized to 5,300 lateral. CWC = Drilling,…
  14. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 14
    7.7 6.5 6.0 5.7 2014 Average 2015 Plan Current Target * Normalized to 4,500 lateral. CWC = Drilling, Completion and Well-Site Facilities. UBS_0915-13
  15. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 15
    14 EOG Maintains Stable LOE Despite Rising Liquids Mix 12 10 EOG Peers 2014 LOE 8 LOE/Boe 2011 2012 2014 2015E 6 2013 2010 4 2 0 0% 10% 20% 30% 40% 50% 60% 70% 80% Liquids Production Source: Company filings.…
  16. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 16
    Five Sustainable Advantages 1. High-Quality Assets With Scale 2. Innovation and Technology Focus 3. Low-Cost Operator 4. Organic Exploration Growth 5. Organization and Culture Uniquely Positioned to Improve Returns Year After…
  17. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 17
    Eagle Ford Reserve Potential* Since Discovery San Antonio (BnBoe) 3.2 Crude Oil Window 2.2 Wet Gas Window 1.6 Dry Gas Window Corpus Christi Laredo 0.9 0 25 Miles EOG 624,000 Net Acres 561,000 Net Acres in Oil Window…
  18. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 18
    Canada Bakken/Three Forks Reserve Potential* (BnBoe) State Line Stanley, ND 1.0 Bakken Lite Elm Coulee Bakken Core Bakken Subcrop Antelope Extension 0.4 20 Miles Core EOG Acreage Bakken/Three Forks Non-Core Bakken Oil…
  19. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 19
    Delaware Basin Reserve Potential* GAINES (BnBoe) New Mexico LEA EDDY Texas ANDREWS 1.35 Central Basin Platform Delaware LOVING WINKLER Basin CULBERSON WARD REEVES PECOS 0.105 JEFF DAVIS 2010/2011 2013…
  20. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 20
    2014 DJ Basin: Codell Sandstone and Niobrara Shale + 210 MMBoe* Powder River Basin: Parkman and Turner Sandstone + 190 MMBoe* Delaware Basin: Second Bone Spring Sandstone + 90,000 Net Acres, Evaluating Resource 2015 Continue…
  21. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 21
    Five Sustainable Advantages 1. High-Quality Assets With Scale 2. Innovation and Technology Focus 3. Low-Cost Operator 4. Organic Exploration Growth 5. Organization and Culture Uniquely Positioned to Improve Returns Year After…
  22. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 22
    Legend Areas of Operation Offices Corporate Headquarters Decentralized Organization 8 Division Offices - 7 Domestic U.S. - 1 International Bottom-Up Value Creation MAPS Promotes Organic Exploration - Regional Expertise and…
  23. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 23
    Compensation Factor Weightings: EOG Employees Are Incentivized to Deliver Returns Returns Production and Reserve Growth EOG 30% 8% Co. 1 15% 30% Co. 2 50% Co. 3 40% Co. 4 15% Co. 5 10% 36% Co. 6 33% Co. 7 15% Co. 8…
  24. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 24
    Five Sustainable Advantages 1. High-Quality Assets With Scale 2. Innovation and Technology Focus 3. Low-Cost Operator 4. Organic Exploration Growth 5. Organization and Culture Uniquely Positioned to Improve Returns Year After…
  25. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 25
    Economics Today vs. 2012 100% 90% 80% 80% 60% 60% ATROR* 50% 45% 40% 35% 20% 0% Western Eagle Ford Delaware Basin Leonard 2012 95 Oil Today 65 Oil Today 55 Oil * See reconciliation schedule. UBS_0915-24
  26. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 26
    On Track to Achieve 2015 Objectives Lower Finding and Operating Costs - Optimize Efficiencies in All Operations - Invest in Infrastructure to Lower Costs Six-Month Payouts - Capture Service Price Reductions Defer Production Growth -…
  27. UBS Bus less Tour 2015 – EOG Resources, Inc. – slide 27
    EOG Positioned for Strong 2016 Performance Balanced Capex and Discretionary Cash Flow Few Capital Commitments in 2016 - e.g. Rigs, International and Retention Drilling - Increased Flexibility Large High Quality DUC Inventory in…

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