Fact Sheet
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Overview    |     Business Strategy    |     Operational Highlights    |     Operating Areas
Production and Reserves Data    |     Focused on Increasing Oil Mix    |     Executive Officers    |     Contact Information

March 2018
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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, Trinidad, the United Kingdom and China. EOG Resources is listed on the New York Stock Exchange (NYSE) and trades under the ticker symbol “EOG.”

EOG’s strategy is to generate the best rates of return by controlling operating and capital costs while maximizing oil and natural gas reserve recoveries. EOG strives to maintain the lowest possible operating cost structure that is consistent with prudent and safe operations.

The company focuses on integrating technology such as 3D seismic, core analysis, and microseismic to develop proprietary petro-physical models. These models inform the company’s execution of precision horizontal targeting and customized advanced completions.

In order to find and develop low-cost reserves, EOG prioritizes exploration and drilling of internally generated prospects. This strategy is intended to consistently deliver cost-effective oil and natural gas production that maximizes cash flow and earnings, allowing the company to deliver long-term shareholder value while maintaining a strong balance sheet.

As of December 31, 2017, EOG’s total estimated net proved reserves were 2,527 million barrels of oil equivalent (MMBoe) comprised of 52 percent crude oil and condensate, 20 percent natural gas liquids (NGLs) and 28 percent natural gas. Approximately 97 percent of these reserves were located in the United States.

EOG’s total worldwide production in 2017 was 222 MMBoe.


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Business Strategy

  • Focus on high rate-of-return, premium* drilling opportunities
  • Leverage integrated proprietary technology throughout company
  • Prioritize exploration and internally generated prospects
  • Capture an early-mover advantage in key resource plays
  • Maintain a strong balance sheet

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2017 Operational Highlights

  • Increased U.S. oil production 20 percent while reducing debt, paying our dividend and generating free cash flow
  • Identified 2,000 more net premium* well locations and 2.2 billion barrels of oil equivalent ** of premium net resource potential from both existing and new plays
  • Added the First Bone Spring target in the Delaware Basin and the Woodford Oil Window in the Eastern Anadarko Basin to its growing, diverse portfolio of premium assets
  • Replaced more than 200 percent of 2017 production, at a very low finding cost of $8.71/Boe***, excluding revisions due to commodity price changes
  • Continued to sustainably reduce capital and operating costs through efficiencies.

* Premium wells generate a minimum 30 percent direct after-tax rate of return at $40 oil and $2.50 natural gas.
** Net estimated potential reserves, not proved reserves.
*** See related reconciliation information under Investors › Statistics and Reconciliations.

Operating Areas


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2017 Production and Proved Reserves Data


  Production (MBoed) Net Proved Reserves (MMBoe)
United States 551 2,457
Trinidad 53 53
Other International (China, United Kingdom, Canada and Argentina) 5 17
Total Company 609 2,527

Focused on Increasing Oil Mix

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  • Largest onshore crude oil producer in the Lower 48 United States
  • Largest crude oil producer in the Eagle Ford and in the state of Texas
  • Holds a large, premier position in the Permian Delaware Basin in West Texas and New Mexico

SEC Filings

Executive Officers

  • William R. Thomas, Chairman and Chief Executive Officer
  • Gary L. Thomas, President
  • Lloyd W. Helms, Jr., Chief Operating Officer
  • David W. Trice, Executive Vice President, Exploration and Production
  • Ezra Y. Yacob, Executive Vice President, Exploration and Production

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) 363-3647

Investor and Public Relations

  • David Streit, Vice President IR/PR
  • Kim Ehmer, Director IR/PR
  • Angie Lewis, Sr. IR/PR Coordinator
  • Lily Portales, Executive Administrator IR/PR

Investor Relations

  • Neel Panchal, Director IR
  • John Wagner, Engineer IR