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Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc.

EOG Resources, Inc. · Sep 10, 2013 · 21 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. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 1
    NYSE Stock Symbol: EOG Investor Relations Contacts Common Dividend: 0.75 Maire A. Baldwin, Vice President IR Basic Shares Outstanding: 272.4 Million (713) 651-6364, Fax (713) 651-6473 mbaldwineogresources.com Internet Address: Kimberly…
  2. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 2
    Best Hz Crude Oil Assets in North America Strong Organic Crude Oil Production Growth - 2010 +35% - 2011 +52% 40% Average - 2012 +39% - 2013E* +35% Differentiators Strong Liquids Growth Driven by Crude Oil, Not Condensate or…
  3. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 3
    Three Key Assets Provide Solid Foundation for 10+ Years of Production Growth Added Threshold Asset in 2013 Delaware Basin Wolfcamp Large Acreage Positions in Top 3 Onshore Domestic Horizontal Plays - Eagle Ford - Bakken/Three Forks…
  4. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 4
    Clearbrook, MN Innovator for Crude-by-Rail Bakken - 5 Years Experience - Competitive with Existing and 103 Announced Pipe Expansions Access to Premium Markets Provides Market Flexibility WTI 107 EOG-Owned Infrastructure Cushing,…
  5. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 5
    2Q 2013 Increased FY 2013E* Production Growth Targets - Crude Oil 28% 35% - NGLs 10% 14% - Total Company 4% 7.5% Maintained Flat Capex Eagle Ford Western Acreage Drilling Success - High Rates of Return Average YTD 100% Direct…
  6. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 6
    Estimated Potential Reserves* Oil MMBo 1,500 NGLs MMBbl 375 San Antonio Gas Bcf 1,950 Total MMBoe, Net to EOG 2,200 Largest Oil Producer in the Eagle Ford 173 MBoepd, Net at June 30, 2013 Crude Oil Window Continued Outstanding…
  7. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 7
    Second Round of Reserve Increase February 2013 1.6 BnBoe to 2.2 BnBoe Potential*, Net to EOG Estimated 8% Recovery of Estimated 26.4 BnBoe in Place, Net to EOG 4,900 Drilling Locations Yet to Complete - 40-Acre Spacing in East -…
  8. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 8
    Average Oil IP Rate Completed Well Cost (Bopd) (MM) 9.1 1,226 1,115 999 6.8 6.7 6.8 5.8 631 483 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 YTD YTD Peters&Co_0913-7
  9. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 9
    Impact of New Completion Design Avg Cumulative Oil Production La Salle County, TX (120 Days*) Smart Unit 1H IP: 1,495 Bopd 30% Smart Unit 2H (Bo) Improvement IP: 2,030 Bopd 80,000 2013 60,000 Smart Unit 40,000 2012…
  10. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 10
    Results Continue to Improve Across Acreage Canada Increased Drilling Inventory to 12 Years from 7 Years Stanley, ND State Line Core Area Bakken 90,000 Net Acres in Bakken Core Area Lite Recent Drilling Results Delivering 100%…
  11. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 11
    Average Gross EUR/Well Completed Well Cost (MBoe) (MM) 10.1 940 9.5 8.8 615 510 5.9 350 2010 2011 2012 2013 YTD 2010 2011 2012 2013 YTD Renaissance in the Bakken/Three Forks - Longer Laterals - Better Stimulation…
  12. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 12
    2,500 2,271 2,012 2,000 1,914 1,846 1,808 1,791 1,754 1,735 1,701 1,668 1,500 1,000 500 0 EOG EOG EOG EOG Co. 1 EOG Co. 2 EOG Co. 3 EOG * BernsteinResearch, May 28, 2013. Peers: CLR, HES, and STO. Peters&Co_0913-11
  13. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 13
    Delaware Basin New Mexico Midland Basin Texas Delaware Basin Leonard Wolfcamp Leonard - Activity Limited by Gas Processing Infrastructure (Expect Resolution Early 2014) Wolfcamp Wolfcamp Midland Basin Wolfcamp…
  14. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 14
    73,000 Net Acres - 3 Potential Pay Targets Estimated Reserve Potential* 550 MMBoe, Net to EOG Operations NGLs 49 Net Hz Wells Drilled to Date 26% Oil - 17 Net Wells Planned in 2013 50% Gas Target 5.5MM CWC 24% - 100% Direct…
  15. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 15
    114,000 Net Acres - 3 Potential Pay Targets 200 Vertical Penetrations Across Acreage - Previously Drilled Atoka, Morrow Wells Estimated Reserve Potential* 800 MMBoe, Net to EOG - Based on Low Initial Recovery Estimate, 2% - 3%…
  16. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 16
    2,000 Bakken and Eagle Ford 80% of Current Horizontal Crude Oil Production* 1,800 Eagle Ford 1,600 1,400 821 Mbod* 1,200 Rate of Growth 1,000 Slowing 800 Bakken 600 750 Mbod* 400 Permian 200 0 Jan Jul Jan Jul Jan…
  17. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 17
    900,000 800,000 700,000 600,000 Eagle Ford Hz Well 500,000 2.6x Permian Hz Well 400,000 300,000 200,000 100,000 0 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Eagle Ford Bakken Permian Source IHS: Data through April…
  18. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 18
    Big Three Shale Plays Top Eagle Ford Oil Producers Eagle Ford, Bakken*, Permian** January 2011 - April 2013 January 2010 - April 2013 70 160 Cumulative Gross Oil Production (MMbo) Cumulative Gross Oil Production (MMbo) 60…
  19. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 19
    2013 Drilling Oil Wells (Net) Years* Eagle Ford 440 12 Bakken/Three Forks 53 12 Combo Delaware Basin - Leonard 17 83 - Wolfcamp 10 118 Midland Basin Wolfcamp 32 25 Barnett 145 9 15 Years of Drilling * Based on current…
  20. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 20
    2012 2013E* 2014E - 2017E Crude Oil and Condensate 39% 35% Continued Best-in-Large-Cap NGLs 32% 14% Class Double-Digit Total Company Liquids 37% 30% Growth North American Gas** -9% -14% Modest Growth Other Gas (Trinidad, UK and…
  21. Peters & Co Limited 2013 Energy Conference – EOG Resources, Inc. – slide 21
    4-Year High Margin Oil Production Profile Generates - Cash Flow Growth - EPS Growth - Free Cash Flow Free Cash Flow Priorities - Healthy Annual Dividend Growth Rate - Reduce and Maintain Low Net Debt-to-Total Cap Ratio - Accelerate…

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