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2023 Capital Budget – EOG Resources, Inc.

EOG Resources, Inc. · Mar 14, 2023 · 30 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. 2023 Capital Budget – EOG Resources, Inc. – slide 1
    Supplemental Presentation 2023 David Streit, Vice President IR Neel Panchal, Director IR Shelby OConnor, Manager IR (713) 571-4902, dstreiteogresources.com (713) 571-4884, npanchaleogresources.com (713) 571-4560,…
  2. 2023 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. 2023 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 Wolfcamp M & MBoed 3rd Bone Spring 1000 PRB Niobrara Utica PRB Mowry Dorado 900 Woodford 800…
  4. 2023 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. 2023 Capital Budget – EOG Resources, Inc. – slide 5
    EOG Marketing Strategy Provides Competitive Advantage Operations EOG Premium Basins EOG Marketing Strategy Flexibility: Multiple Transportation Options in Each Basin Diversification: Access to Multiple Markets to Maximize Margins…
  6. 2023 Capital Budget – EOG Resources, Inc. – slide 6
    Diverse Markets Provide Price Advantage and Flow Assurance Operations 2023 EOG Estimated Sales Markets U.S. Crude Oil & Condensate Price Realization vs Peers1 ( per Bbl) EOG Premium to Peers 2.84 U.S. Oil U.S. Gas NGLs Peer…
  7. 2023 Capital Budget – EOG Resources, Inc. – slide 7
    Lower Costs Drive Higher Margins Operations 2014 2015 2016 2017 2018 2019 2020 2021 2022 Composite Average Wellhead Revenue per Boe 58.01 30.66 26.82 35.58 45.51 38.79 26.42 50.84 68.77 Operating Costs per Boe Lease & Well 6.53…
  8. 2023 Capital Budget – EOG Resources, Inc. – slide 8
    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…
  9. 2023 Capital Budget – EOG Resources, Inc. – slide 9
    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…
  10. 2023 Capital Budget – EOG Resources, Inc. – slide 10
    Owning Data from Creation to Delivery Info. Tech. EOG Data Supply Chain Supplement February 2023 10
  11. 2023 Capital Budget – EOG Resources, Inc. – slide 11
    Proprietary Apps Target Each Business Value Driver Info. Tech. SM GLOPT SM i/miSell SM REVENUE PLOPT SM SM SM SM i/miSOO SM i/miPlay SM iVolumes SM R i/miRoute i/miDetect SM GLITERSM OPEX iMeter SM SkyCirc SM myEOG…
  12. 2023 Capital Budget – EOG Resources, Inc. – slide 12
    Leveraging Information Systems To Improve Operations Info. Tech. Drilling Operational Improvements Real-time Drilling Increases in Drilling Analytics Results in Speed & Efficiency Real-time Improvements Delivered…
  13. 2023 Capital Budget – EOG Resources, Inc. – slide 13
    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 -…
  14. 2023 Capital Budget – EOG Resources, Inc. – slide 14
    2021 ESG Metrics Sustainability EMISSIONS WATER Scope 1 GHG Intensity Rate1,2 9% 19% 17.7 99.8% Wellhead Gas Capture Rate in 2021 17.1 36% 35% 15.0 13.6 14.0 13.5 46% 55% 2017 2018 2019 2020 2021 2025 Target Scope 1…
  15. 2023 Capital Budget – EOG Resources, Inc. – slide 15
    Reduced GHG Intensity Rate by 18% Since 2017 Sustainability Scope 1 GHG Intensity Rate (2017-2021) GHG Reduction Projects by Source metric tons Other (includes Fugitives) CO2e/MBoe1,2 17.7 - Company-wide Leak Detection and…
  16. 2023 Capital Budget – EOG Resources, Inc. – slide 16
    Capturing Wellhead Gas to Minimize Flaring Sustainability Increasing Wellhead Gas Capture With Wellhead Gas Capture Rate Infrastructure, In-Field Practices, and Technologies percentage - Plan for and Install Natural Gas Gathering…
  17. 2023 Capital Budget – EOG Resources, Inc. – slide 17
    Reduced Methane Emissions Percentage by 85% Since 2017 Sustainability Scope 1 Methane Emissions Percentage (2017-2021) Reducing Methane with Focus on LDAR and Pneumatics percentage - Company-Wide Leak Detection and Repair (LDAR)…
  18. 2023 Capital Budget – EOG Resources, Inc. – slide 18
    Continuous Methane Monitoring Sustainability iSenseSM EOG Developed Continuous Leak Detection Technology to Reduce Emissions Methane Sensor iSenseSM Continuous Leak Detection Real-Time Actionable Alerts Through Continuous…
  19. 2023 Capital Budget – EOG Resources, Inc. – slide 19
    Tackling GHG Emissions with Innovation - Flaring Sustainability Closed-Loop Gas Capture (CLGC) Automated Flow Control to Close Loop Between Downstream Compression Station and Producing Wells Interruption CLGC Infrastructure…
  20. 2023 Capital Budget – EOG Resources, Inc. – slide 20
    Significant Increase in Water Reuse Since 2017 Sustainability Sources of Water (2017-2021) Water Reuse Advantages: - Minimizes Fresh Water Requirements Fresh - Minimizes Produced Water Disposal 9% 19% - Lowers Operating and…
  21. 2023 Capital Budget – EOG Resources, Inc. – slide 21
    Leveraging Information Technology to Drive ESG Results Sustainability User Count per Year 4,000 3,500 ESG 13 ESG Apps 3,000 2,500 2,000 1,500 1,000 500 Environmental Mgmt. Lease Operations Water Management 0…
  22. 2023 Capital Budget – EOG Resources, Inc. – slide 22
    Play Details Supplement February 2023 22
  23. 2023 Capital Budget – EOG Resources, Inc. – slide 23
    Premium Development Across Diverse Asset Portfolio Rocky Mountain Area 78 MBoepd in 2022 Bakken Powder River Basin Wyoming DJ Basin Appalachian Basin Utica Delaware Basin 543 MBoepd in 2022 South Texas 222 MBoepd in 2022 Eagle…
  24. 2023 Capital Budget – EOG Resources, Inc. – slide 24
    Delaware Basin Highlights Brushy - Maximized Value Creation by Leveraging Surface Footprint and Canyon Infrastructure to Develop 6 Different Plays During 2022 - Increased YOY Completed Lateral Feet per Day by 24% Due to Broader…
  25. 2023 Capital Budget – EOG Resources, Inc. – slide 25
    South Texas Eagle Ford Highlights - Developing an Additional 21K Net Acres in Webb County as a Result of Organic Exploration on Legacy Property - Achieved 14% YOY Increase in Completed Lateral Feet per Day by Applying Super Zipper…
  26. 2023 Capital Budget – EOG Resources, Inc. – slide 26
    Powder River Basin Highlights - Positive Well Performance and Infrastructure Installation Supports Parkman Additional 20 Mowry Completions in 2023 Program Northern PRB Oil: - 110k Net Acres - Decreased Mowry Plays Drilling Time by…
  27. 2023 Capital Budget – EOG Resources, Inc. – slide 27
    Dorado Highlights HSC-Katy - Transition to Continuous Development with 1 Full-time Frac Spread to Capture Economies of Scale & Operational Efficiencies - Decreased Drilling Time by 12% YOY Through Increased BHA Reliability Freeport…
  28. 2023 Capital Budget – EOG Resources, Inc. – slide 28
    Utica Combo Play Improves Quality of Premium Inventory 405K Net Acres in High Potential Combo Play - < 600/Net Acre Average Cost of Entry - Leveraged Extensive Data and Technical Understanding From Multiple Basins to Highlight…
  29. 2023 Capital Budget – EOG Resources, Inc. – slide 29
    Bakken/Three Forks Wyoming DJ Basin 2023 Plan: 10 Net Completions 2023 Plan: 5 Net Completions Typical Bakken Well EUR: 70% 15% 15% Typical DJ Basin Well EUR: 78% 15% 7% Oil NGLs Gas Oil NGLs Gas Wyoming Montana N Dakota…
  30. 2023 Capital Budget – EOG Resources, Inc. – slide 30
    Trinidad Highlights - 30 Years Operating in Country - Completed Installation of a Platform and Related Facilities to Support Development of Previously Announced 2020 Discovery - Shallow Water Development Expertise Coupled with…

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