Overview

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

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

As of December 31, 2011, EOG’s estimated net proved reserves were 2,054 million barrels of oil equivalent (MMBoe), up 5.3 percent from year-end 2010. Approximately 84 percent of these reserves were located in the United States, 9 percent in Canada, 6 percent in Trinidad and less than 1 percent in the United Kingdom and China.

EOG’s total company production in 2011 was 154.3 MMBoe. Driven by a 52 percent increase in crude oil and condensate production and a 39 percent increase in natural gas liquids production, the company had a 9.4 percent overall increase in production compared to 2010. Approximately 85 percent of total production was in the United States and Canada.

Business Strategy

Grow by drilling lower-cost, internally generated prospects rather than through acquisitions
Capture an early-mover advantage in key resource plays
Maintain a strong balance sheet with a moderate net debt-to-total capitalization ratio
Continue to increase the percentage of crude oil and natural gas liquids in our portfolio, emphasizing North American production

Top of Page

2011 Financial Highlights

Net Operating Revenues -- $10.1 billion
Net Income -- $1,091.1 million
NYSE Stock Price Range ($/Share)

High: $121.44
Low: $66.81
Year-end Close: $98.51

Operating Areas

Top of Page

2011 Production and Proved Reserve Data

	Production (MBoed)	Net Proved Reserves (MMBoe)
United States	329.1	1,730
Canada	30.7	192
Trinidad	60.7	129
Other International (China and United Kingdom)	2.2	3
Total Company	422.7	2,054

Focused on Increasing Oil Mix

Pie chart showing North American Production Volumes

During 2011, 85 percent of EOG’s production came from North America
In the United States, crude oil and condensate production increased by 61 percent in 2011, primarily driven by further development in the South Texas Eagle Ford and Fort Worth Barnett Combo Plays
EOG is the largest crude oil producer in the Eagle Ford
EOG is the largest crude oil producer in the Bakken/Three Forks in North Dakota

SEC Filings