Business Development

If your company is contemplating farm–ins, joint ventures, property exchanges or strategic asset sales, consider EOG. Tap into EOG’s consistent game plan by putting our employees’ experience, knowledge and commitment to work for you. Through our use of technology to unlock the future, we have the resources and skills to be your business development partner.

EOG is Financially Stable

When you’re seeking an exploration and production partner, choose an innovative, dynamic company with a strong financial foundation and a track record of success. EOG 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 is financially stable with a strong balance sheet. At year–end 2007, EOG reported:

• Net income available to common of $1,083 million or $4.37 per share,
• Total company daily production increased 11 percent over 2006,
• Natural gas production increased 19 percent in the United States over the prior year and
• Net proved reserves grew by 14 percent to 7.7 trillion cubic feet equivalent compared to 2006.

View the EOG Resources Annual Report

EOG Grows Organically

Our strategy of concentrating on growth through the drillbit has been very successful. One of the most active drillers in both the United States and Canada in recent years, EOG has built its reputation on organic growth. Some of our largest production increases have come from our Central Texas, East Texas, North Louisiana, South Texas and Rocky Mountain operating areas. In addition, our Canadian drilling and production programs, as well as those offshore Trinidad and in the United Kingdom North Sea, contribute to our ongoing success.

EOG is currently targeting significant production growth in North America for 2008. While we have an extensive, internally developed drilling inventory, EOG continually seeks opportunities to partner with companies of various sizes to develop, drill and operate prospects or make strategic acquisitions that are located in or near the footprint of our existing operations.

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EOG’s Expertise Can Add Value

EOG’s professionals are exceptionally talented in developing innovative drilling and completion geoscience and reservoir stimulation techniques. For example, EOG has become a leader in horizontal drilling and well completions through innovative fracturing techniques in the natural gas–rich Barnett Shale Play and the North Dakota Bakken crude oil play, where we hold substantial acreage. EOG has an extensive drilling program in northeastern Utah’s Uinta Basin and is continuing to pursue opportunities to build its prospect inventory in North America by using its highly developed technical skills to find resource plays.

EOG is Responsible and Professional

EOG is committed to following established safety and environmental policies and procedures throughout its exploration and production activities. Also, EOG’s professionalism is evident throughout the accounting, legal, land, administrative, information technology and marketing teams that support our joint operations.

EOG Is Ready to Talk

Our partners tell us that although EOG may be a large cap independent, we have the agility and ability to make decisions quickly.

EOG is ready to sit down and discuss a mutually beneficial agreement with your company. We are also willing to go the extra distance to make it work. For example, when a joint venture partner requested more information about the wells EOG was drilling, a unique solution was developed. Through a program offered by EOG, drilling data can be made available over a specially designed secure website on a real–time basis, allowing the partner to monitor the progress of the wells on a daily basis and to offer input along the way.

For more information about how your company and EOG can partner on farm–ins, joint ventures, property exchanges or the purchase of strategic assets, please call or email one of our professionals today.

Key Business Development Contacts

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