Skip to main content Credit Suisse 2012 Energy Summit – EOG Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Credit Suisse 2012 Energy Summit – EOG Resources, Inc.

EOG Resources, Inc. · Feb 9, 2012 · 26 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. Credit Suisse 2012 Energy Summit – 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: 268.9 Million (713) 651-6364, Fax (713) 651-6473 mbaldwineogresources.com Elizabeth M. Ivers,…
  2. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 2
    Game Plan Strong Liquids Growth Majority is Crude Oil and Condensate 2010 +33% 2011E* +47% 2012E** +27% High-Value Production Generates Strong Growth in - EBITDA/Share - Cash Flow/Share - Earnings/Share Strategy Exploit…
  3. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 3
    Continue to Explore for New Hz Oil/Liquids Prospects Onshore North America Improve Recovery Factor in Existing Plays - Current Low Recovery of Oil-in-Place Eagle Ford 4% RF Bakken 10% RF - Current Focus on Well Spacing Secondary…
  4. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 4
    2 4 6 8 10 12 00 10000 12000 2000 4000 6000 8000 * Source: EIA Jan-1920 Jan-1923 Jan-1926 Jan-1929 Jan-1932 Jan-1935 Jan-1938 Jan-1941 Jan-1944 Jan-1947 Jan-1950 Jan-1953 Jan-1956…
  5. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 5
    First Mover in All U.S. Unconventional Horizontal Oil Plays Eagle Ford Biggest Oil Producer Premier 535,000 Net Acre Oil Window Bakken/Three Forks One of the Top Oil Producers in North Dakota 600,000 Net Acres Barnett Combo Biggest…
  6. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 6
    Capital Structure Active Drilling Program with Large Capex Requirements 2011 - 2012 to Hold Core Lease Positions - Plan to Execute with High ROR Program and Only Moderate Leverage Targeted 1.6 Bn of Natural Gas and Midstream Asset…
  7. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 7
    2012E Capex 90% Focused on High ROR Crude Oil or Liquids-Rich Gas - Remaining 10% Allocated to Dry Gas Drilling to Hold Acreage If WTI Averages 85+ Capex Will Be at Least at 2011 Levels - Total Liquids Growth 27% vs. 2011 No Equity…
  8. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 8
    YTD Preliminary 9 Months FY 2010 2011 2011E* 2012E 2013+ Crude Oil and Condensate 35% 51% 51% 30% NGLs 29% 40% 35% 18% Continued Total Company Liquids 33% 47% 47% 27% *** Double Digit Growth North American Gas** -2% -3%…
  9. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 9
    Crude and Condensate Total Liquids (Mbd) (Mbd) 195 154 147 113 105.1 74.7 78.8 55.2 61.5 45.5 43.4 31.2 2007 2008 2009 2010 2011E* 2012E** 2007 2008 2009 2010 2011E* 2012E** * Based on mid-point of full-year…
  10. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 10
    40% 30% 20% 10% Co. 9 Co. 10 0% EOG* Co. 1 Co. 2 Co. 3 Co. 4 Peer Co. 5 Co. 6 Co. 7 Co. 8 Avg -10% Source: Barclays Research, October 2011. * Peers: APC, APA, CNQ, CVE, CHK, DVN, NFX, NBL, OXY and PXD.…
  11. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 11
    79% 76% 75% 71% 69% 71% 59% 53% 47% 41% 29% 31% 29% 24% 25% 21% Preliminary 2006 2007 2008 2009 2010 YTD 2011 2011E** 2012E*** Liquids (Crude Oil and NGLs) Natural Gas * 2006 9 Mos 2011 based on North American…
  12. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 12
    170% 140% 110% 80% 50% 20% Co. 11 Co. 12 -10% EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Peer Co. 6 Co. 7 Co. 8 Co. 9 Co. 10 Avg -40% Source: Goldman Sachs estimates December 23, 2011, 113.00 WTI and 3.70 Henry Hub…
  13. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 13
    EBITDA Per Share Cash Flow Per Share 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 12 12 0% 0% EOG 1 2 3 4 5 6 Peer 7 8 9 10 11 EOG 1 2 3 4 5 6 Peer 7 8 9 10 11 Avg Avg -10% -10% Source: Goldman Sachs estimates…
  14. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 14
    250% 200% Peer Average 150% 100% 50% 0% EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Co. 6 Co. 7 * Cash flow per barrel divided by F&D costs; Source: Bernstein Research, December 2011 Peers Include: APA, APC, CHK, DVN, ECA,…
  15. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 15
    0.70 0.64 0.61 0.60 0.58 0.51 0.50 0.40 0.36 0.30 0.24 0.20 0.16 0.12 0.10 0.10 0.08 0.08 0.06 0.07 0.00 1999* 2000* 2001* 2002* 2003* 2004* 2005 2006 2007 2008 2009 2010 2011 12 Dividend Increases in 12…
  16. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 16
    EOG Has Captured the Biggest Lower-48 Net Crude Oil Discovery in Past 40 Years Captured Reserves* Oil 690 MMBo NGLs 100 MMBbl Gas 661 Bcf San Antonio Total 900 MMBoe, NAR Largest Oil Producer in the Eagle Ford 53 MBoepd, Net at…
  17. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 17
    Well Quality is Improving - IP Rate of Some Recent Wells Approaching 3,000 Bopd Plus NGLs and Gas Early Positive Downspacing Results - Testing 7 Downspaced Pilot Patterns Well Costs Decreasing - Self-Sourced Fracs Will Be Big Cost…
  18. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 18
    1,200 1,000 800 600 400 200 0 Gonzales Wilson LaSalle Industry EOG Industry EOG Industry EOG Gonzales Cty. Wilson Cty. LaSalle Cty. * 30-Day IP Rates Source: Deutsche Bank Securities Inc., January 2012…
  19. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 19
    One of the Top Oil Producers in North Dakota Clarks Creek 3-0805H and Rocky Mountains Three Forks 1,384 Bopd 600,000 Total Net Acres Early, Premier Position Canada - Primary Leasing Activity 2004 - 2007 Hardscrabble 13-3526H 1,474…
  20. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 20
    600 Total 2,428 Wells 500 Average EUR 327 MBO 400 Average 300 200 100 0 EOG RESOURCES, HELIS OIL & GAS WHITING MUREX DAKOTA-3 E&P SLAWSON QEP ENERGY HUNT OIL FIDELITY ENERPLUS BRIGHAM OIL & GAS KODIAK OIL & GAS…
  21. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 21
    195,000 Net Acres in Core Area EOGs Second Largest Liquids Growth Contributor in 2011 Combo Core Area Recent Strong Wells Montague and Cooke Counties 195,000 Net Acres Bopd + Mcfd (Rich Gas) - Abbey, Paul, Wales, Welsh 400 - 635…
  22. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 22
    131,400 Net Acres Captured in Play Core University 9 2802H Area - Completed 26 Horizontal Wells to Date Mayer 5002H - 59,000 Acres Proven to Date - Two Separate Pay Targets Middle and Upper IRIO Linthicum M 1H Core Area…
  23. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 23
    EOG Acreage Control 106,000 Total Net Acres in Play - Completed 19 Horizontal Wells to Date Prospective Area Eddy Lea - 62,000 Acres Proven to Date - Multiple Bone Spring Objectives Underlie Shale Elk Wallow 11 St Vaca 14 Fed Com…
  24. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 24
    Trinidad and Tobago Trinidad ATLANTIC OCEAN TRINIDAD Developing 350 Bcf Toucan Discovery 4(a) U(a) - Will Supply Portion of 2012 - 2015 Gas Contracts U(b) SECC VENEZUELA United Kingdom United Kingdom…
  25. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 25
    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…
  26. Credit Suisse 2012 Energy Summit – EOG Resources, Inc. – slide 26
    EOG Has Largest Proven U.S. Horizontal Drilling Oil Inventory in Entire Industry EOG Has Captured Low Cost First-Mover Advantage Key Differentiator Horizontal Oil Assets Will Drive Strong 2011 2012+ Production Growth with High Margins -…

From the store

Browse maps, data & reports in the Shale Experts store