march 2018 fact sheet - eog · 2018-10-16 · lloyd w. helms, jr. chief operating officer david w....
TRANSCRIPT
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
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
March 2018
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 $2.50 natural gas. ** Net estimated potential reserves, not proved reserves.*** See related reconciliation information under Investors › Statistics and Reconciliations.
FACT SHEETexecution of precision horizontal targeting and customized advanced completions.
In order to find and develop low-cost reserves, EOG prioritizes exploration and drilling of internally generated prospects. This strategy is intended to consistently deliver cost-effective oil and natural gas production that maximizes cash flow and earnings, allowing the company to deliver long-term shareholder value while maintaining a strong balance sheet.
As of December 31, 2017, EOG’s total estimated net proved reserves were 2,527 million barrels of oil equivalent (MMBoe) comprised of 52 percent crude oil and condensate, 20 percent natural gas liquids (NGLs) and 28 percent natural gas. Approximately 97 percent of these reserves were located in the United States.
EOG’s total worldwide production in 2017 was 222 MMBoe.
2017 Operational Highlights
Overview
Natural GasProduction (MMcfd)
2014 2015 2016 2017
1,347 1,353
1,1751,265
1,103
2013
Crude Oil andCondensate Production
(MBbld)
284289 283
2013 2014 2015 2016 2017
2015 20162014 2017 2018
EOG Cash Dividends PerCommon Share Declared ($)
0.67 0.670.585
0.67
* Indicated annual rate
0.74*
6565
77
Natural Gas LiquidsProduction (MBbld)
2013 2014 2015 2016
80
2017
82337
220
88
Fact Sheet, March 2018
Executive Officers
Operating Areas
2017 Production and Proved Reserves Data
Production (MBoed)
Net Proved Reserves (MMBoe)
Gary L. ThomasPresident
William R. ThomasChairman and Chief Executive Officer
Focused on Increasing Oil Mix
Largest onshore crude oil producer in the Lower 48 United States
Largest crude oil producer in the Eagle Ford and in the state ofTexas
Holds a large, premier position in the Permian Delaware Basin inWest Texas and New Mexico
EOG Corporate Headquarters1111 Bagby, Sky Lobby 2
Houston, TX 77002
P.O. Box 4362Houston, TX 77210-4362
(713) 651-7000Toll Free: (877) 363-3647
Investor and Public Relations
David StreitVice President, IR/PR
Kim EhmerDirector, IR/PR
Angie LewisSr. IR/PR Coordinator
Lily PortalesExecutive Administrator IR/PR
Investor Relations
Neel PanchalDirector, IR
John WagnerEngineer, IR
CONTACTINFORMATION
Lloyd W. Helms, Jr.Chief Operating Officer
David W. TriceExecutive Vice President,Exploration and Production
Oil
NGLs
Gas
2017 U.S. Production Volumes
23%61%
16%
Ezra Y. YacobExecutive Vice President,Exploration and Production
United StatesTrinidadOther International (China, UK and Canada)
Total Company
55153
5
609
2,4575317
2,527FACTSHEET
LEGEND
Areas of OperationOfficesCorporate Headquarters
HornRiverBasin
CANADA
Portof
Spain
ColumbusBasin
UNITED KINGDOMCHINA TRINIDAD AND TOBAGO
Chengdu
SichuanBasin
London
EastIrishSea
North Sea
Greater GreenRiver Basin
PowderRiverBasin
WillistonBasin
Uinta Basin
PermianBasin
Eagle Ford
Upper GulfCoastBarnett
Shale
Frio/VicksburgTrend
MarcellusShale
Anadarko Basin
DJ Basin
Denver
Oklahoma City
Midland
Corpus Christi
Houston
FortWorth
San Antonio
UNITED STATES
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