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EOG Home > About EOG > Fact Sheet

Fact Sheet

May 2008

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Overview     Business Strategy
Financial Highlights     Operating Areas
Production and Reserve Data     Financial Highlights
Executive Officers     Contact Information

Overview

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, offshore Trinidad and the United Kingdom North Sea. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol "EOG."

EOG’s goals remain consistent – to deliver the highest shareholder appreciation measured by shareholder returns and to be the most profitable independent exploration and production company in terms of return on capital employed.

In 2007, 85 percent of EOG’s production was natural gas and 15 percent was crude oil and natural gas liquids. A total of 83 percent of EOG’s production came from the United States and Canada where EOG has a demonstrated track record of production growth. For the full year 2007, total company production increased 11 percent on a daily basis as compared to 2006. In the United States natural gas daily production increased 19 percent.

At December 31, 2007, EOG’s estimated net proved natural gas reserves were 6,669 Bcf and estimated net proved crude oil, condensate and natural gas liquids reserves were 179 million barrels for a total of 6,802 Bcfe. Approximately 60 percent of EOG’s reserves on a natural gas equivalent basis were located in the United States, 17 percent in Canada, 16 percent in Trinidad and less than 1 percent in the United Kingdom North Sea. At year-end 2007, EOG had almost 1,800 employees.

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Business Strategy

  • Rate of return focus
  • Drill internally generated prospects in order to find and develop low cost reserves rather than seek large acquisitions
  • Maintain a strong balance sheet coupled with a low debt-to-total capitalization ratio

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Financial Highlights

(In millions) 2007 2006 2005
Net Operating Revenues $ 4,191  $ 3,913  $ 3,633 
Income Before Interest Expense and Income Taxes $ 1,678  $ 1,956  $ 2,028 
Net Income Available to Common Stockholders $ 1,083  $ 1,289  $ 1,252 
Total Exploration and Development Expenditures $ 3,599  $ 2,927  $ 1,838 
 

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Operating Areas

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2007 Production and Reserve Data

  Production
(MMcfed)		 Reserves
(Bcfe)
United States 1,184  5,180 
Canada 245  1,282 
Trinidad 276  1,270 
United Kingdom 24  13 
Total Company 1,729  7,745 

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Financial Highlights

  Quarter Ended
March 31,		 Year Ended
December 31,
  2008 2007 2007 2006
Ave Daily Production - MMcfed   1,875    1,657    1,729    1,561 
Net Operating Revenues - $MM $ 1,101.0  $ 871.2  $ 4,190.8  $ 3,912.5 
Net Income Available to Common Stockholders - $MM $ 240.5  $ 216.8  $ 1,083.3  $ 1,288.9 

SEC Filings

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Executive Officers

  • Mark G. Papa


    Chairman and Chief Executive Officer

  • Loren M. Leiker


    Senior Executive Vice President, Exploration

  • Gary L. Thomas


    Senior Executive Vice President, Operations

  • Robert K. Garrison


    Executive Vice President, Exploration

  • Frederick J. Plaeger II


    Senior Vice President and General Counsel

  • Timothy K. Driggers


    Vice President and Chief Financial Officer

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Contact Information

EOG Corporate Headquarters
1111 Bagby, Sky Lobby 2
Houston, TX 77002

P.O. Box 4362
Houston, TX 77210-4362

(713) 651-7000
Toll Free: (877) 363-EOGR
FAX: (713) 651-6995

Maire A. Baldwin
Vice President, Investor Relations

Elizabeth M. Ivers
Director, Investor Relations

ir@eogresources.com

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