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FY 2022 Capital Budget – EOG Resources, Inc.

EOG Resources, Inc. · Feb 24, 2022 · 29 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. FY 2022 Capital Budget – EOG Resources, Inc. – slide 1
    Supplemental Presentation 2022 David Streit, Vice President IR/PR Kimberly Ehmer, Director IR/PR Neel Panchal, Director IR (713) 571-4902, dstreiteogresources.com (713) 571-4676, kehmereogresources.com (713) 571-4884,…
  2. FY 2022 Capital Budget – EOG Resources, Inc. – slide 2
    EOG Culture Drives Sustainable Competitive Advantage Culture Exploration - Internal Prospect Generation - Early Mover Advantage - Best Rock / Best Plays Operations - Low-Cost Acreage Information - Most Prolific U.S. Horizontal…
  3. FY 2022 Capital Budget – EOG Resources, Inc. – slide 3
    Return-Focused Organic Growth Driven by Exploration Exploration Capturing First Mover Advantage of High-Quality Rock at Low Cost MBoed Wolfcamp M & 1,000 3rd Bone Spring PRB Niobrara Dorado 900 PRB Mowry 800 Woodford 700…
  4. FY 2022 Capital Budget – EOG Resources, Inc. – slide 4
    EOG Culture Drives Sustainable Competitive Advantage Culture Exploration - Low-Cost Operator - Sustainable Cost Reductions - Industry Leading Drilling & Operations Completion Technology Information - Proven Track Record of…
  5. FY 2022 Capital Budget – EOG Resources, Inc. – slide 5
    Operations Sustainable Cost Reduction From Innovation and Efficiency Days to Drill1 Completed Lateral Feet per Day1 Sand and Water Costs per Well1 (M) 17.1 1,295 1,900 10.0 705 -42% 1,030 +85% -46% 2018 2019 2020 2021…
  6. FY 2022 Capital Budget – EOG Resources, Inc. – slide 6
    Operations Demonstrated Track Record of Cost Reduction Cash Operating Costs1,2,3 Finding & Development Cost4 Depreciation, Depletion & Amortization per Boe per Boe per Boe 13.25 18.43 13.53 10.102,3 10.652 5.81 -25%…
  7. FY 2022 Capital Budget – EOG Resources, Inc. – slide 7
    Operations EOG Marketing Strategy Provides Competitive Advantage EOG Premium Basins EOG Marketing Strategy Flexibility: Multiple Transportation Options in Each Basin Diversification: Access to Multiple Markets to Maximize Margins…
  8. FY 2022 Capital Budget – EOG Resources, Inc. – slide 8
    Operations Diverse Markets Provide Price Advantage and Flow Assurance 2022 EOG Estimated Sales Markets U.S. Crude Oil & Condensate Price Realization vs Peers1 ( per Bbl) EOG Premium to Peers U.S. Oil U.S. Gas NGLs Peer Average…
  9. FY 2022 Capital Budget – EOG Resources, Inc. – slide 9
    Operations Lower Costs Drive Higher Margins 2014 2015 2016 2017 2018 2019 2020 2021 Composite Average Wellhead Revenue per Boe 58.01 30.66 26.82 35.58 45.51 38.79 26.42 50.84 Operating Costs per Boe Lease & Well 6.53 5.66 4.53…
  10. FY 2022 Capital Budget – EOG Resources, Inc. – slide 10
    EOG Culture Drives Sustainable Competitive Advantage Culture Exploration - Real-Time Data-Driven Decision Making - Large Proprietary Integrated Operations Data Warehouses - Predictive Analytics Information - 140+ In-House…
  11. FY 2022 Capital Budget – EOG Resources, Inc. – slide 11
    Real-Time Data & Proprietary Applications Support EOGs Info. Tech. Decentralized Model Accountability Technology Enables Data-Driven, Real-Time Decisions Across Decentralized Structure Corporate HQ Transparency Real-Time…
  12. FY 2022 Capital Budget – EOG Resources, Inc. – slide 12
    Owning Data from Creation to Delivery Info. Tech. EOG Data Supply Chain Supplement - Feb 2022 12
  13. FY 2022 Capital Budget – EOG Resources, Inc. – slide 13
    Proprietary Apps Target Each Business Value Driver Info. Tech. SM GLOPT SM i/miSell SM SM SM SM REVENUE PLOPT SM i/miSOO SM i/miPlay iVolumes SM SM SM i/miRoute i/miDetect GLITERSM OPEX iMeter SM SkyCirc SM myEOG…
  14. FY 2022 Capital Budget – EOG Resources, Inc. – slide 14
    EOG Info. Tech. Case Study: Precision Targeting Platform Info. Tech. iRig: Real-time Drilling Monitoring iDC: Drilling Activity & Costs iDD: Real-time Directional Drilling iMotor: Motor Tracking and Analysis iSteer:…
  15. FY 2022 Capital Budget – EOG Resources, Inc. – slide 15
    EOG Culture Drives Sustainable Competitive Advantage Culture Exploration - Commitment to Safety, Environment and our Communities Operations - Commitment to Ethical Conduct - Collaborative and Inclusive Culture Information -…
  16. FY 2022 Capital Budget – EOG Resources, Inc. – slide 16
    Sustainability Commitment to Sustainability: 2020 Performance EMISSIONS WATER SAFETY 13.6 19% -9% GHG -9% 46% 0.45 INTENSITY RATE1,2 -26% TOTAL RECORDABLE INCIDENT RATE4 35% 0.08 METHANE -33% 0.13 EMISSIONS…
  17. FY 2022 Capital Budget – EOG Resources, Inc. – slide 17
    Sustainability Applying Technology & Innovation to Reduce Greenhouse Gas (GHG) Emissions Scope 1 GHG Intensity Rate1,2 GHG Reduction Projects by Source 17.1 17.7 Other (includes Fugitives) 15.0 13.6 13.5 - Company-wide Leak…
  18. FY 2022 Capital Budget – EOG Resources, Inc. – slide 18
    Sustainability EOGs Approach to Lower Fresh Water Intensity1 and Costs Sources of Water Water Reuse Advantages: - Minimizes Fresh Water Requirements Reuse - Minimizes Produced Water Disposal 13% - Lowers Operating and Capital…
  19. FY 2022 Capital Budget – EOG Resources, Inc. – slide 19
    Sustainability Tackling GHG Emissions with Innovation - Flaring Closed-Loop Gas Capture (CLGC) Downstream Interruption CLGC Infrastructure Automated Flow Control to Close Loop Diverted Gas Between Compression Station and…
  20. FY 2022 Capital Budget – EOG Resources, Inc. – slide 20
    Sustainability Leveraging Information Technology to Drive ESG Results User Count per Year 3,500 3,000 ESG 13 ESG Apps 2,500 2,000 1,500 1,000 500 Environmental Mgmt. Lease Operations Water Management 0…
  21. FY 2022 Capital Budget – EOG Resources, Inc. – slide 21
    Play Details Supplement - Feb 2022 21
  22. FY 2022 Capital Budget – EOG Resources, Inc. – slide 22
    Premium Development Across Diverse Asset Portfolio Rocky Mountain Area 98 MBoepd in 2021 Bakken Powder River Basin Wyoming DJ Basin Delaware Basin 424 MBoepd in 2021 South Texas 224 MBoepd in 2021 Eagle Ford Oil Dorado…
  23. FY 2022 Capital Budget – EOG Resources, Inc. – slide 23
    Delaware Basin 2022 Plan: 375 Net Completions 17 Rigs 5 Frac Spreads Highlights - Strong Execution of Development Program and Continued Delineation of World Class Acreage Position - 3 Month Payback for 2021 Wells - Added Equivalent…
  24. FY 2022 Capital Budget – EOG Resources, Inc. – slide 24
    South Texas Eagle Ford Oil 2022 Plan: 95 Net Completions 3 Rigs 1 Frac Spread Highlights - 2021 Development Program Earned Highest Rate of Return In Play History - Generated Significant Free Cash Flow - Added Equivalent of 40+…
  25. FY 2022 Capital Budget – EOG Resources, Inc. – slide 25
    Powder River Basin 2022 Plan: 40 Net Completions 1 Rig 1 Frac Spread Highlights - 50% of PRB Wells Exceeded Double Premium Threshold - 2021 Program Included Record Wells in Niobrara and Mowry Plays - Industry Leading Well Costs and…
  26. FY 2022 Capital Budget – EOG Resources, Inc. – slide 26
    Dorado 2022 Plan: 30 Net Completions 2 Rigs < 1 Frac Spread Highlights - Premium Dry Gas Play in the Western Gulf Coast Basin Wharton - Stacked Pay in Austin Chalk and Eagle Ford - 21 TCF Net Resource Potential - Proximate to…
  27. FY 2022 Capital Budget – EOG Resources, Inc. – slide 27
    Bakken/Three Forks Wyoming DJ Basin 2022 Plan: < 5 Net Completions 2022 Plan: < 5 Net Completions Wyoming Montana N Dakota Nebraska Crude Oil Window Core Area 220,000 Net Acres in Oil Window Colorado 75,000 Net Acres in Core…
  28. FY 2022 Capital Budget – EOG Resources, Inc. – slide 28
    Trinidad Highlights - 1 Tcf Gross, 500 Bcf Net Natural Gas Resource Potential1 Delineated by 2020 Exploration Program - Plan to Drill Two Exploration Wells and Three Development Wells in 2022 - 182,000 Net Acres Under Lease - Gas…
  29. FY 2022 Capital Budget – EOG Resources, Inc. – slide 29
    Deep Inventory of Premium Crude Oil and Natural Gas Assets Net Undrilled 2021 Net 2022 Net Planned Well Costs Typical EOG Well EUR Play Lateral Length Premium Locations1 Completions Completions Target Oil NGLs Gas Eagle Ford Oil 1,750…

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