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EOG Resources Inc
August 2011 Investor Presentation
| Maire A Baldwin | Page 32 of 11 |
September 18, 2014
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"August 2011 Investor Presentation"
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EOG_0811-31 EOG Reserves Within 5% of Independent Engi neering Analysis Prepared by DeGolyer and MacNaughton ?23 Straight Years ?Reviewed 77% of Proved Reserves in 2010 Conservative -Successful Efforts Accounting -Zero Goodwill -Credit Ratings ?Moody?s A3 / S&P A- 2011 Dividend Increase ?3% to $0.64 ?12 Increases in 12 Years Financial Hedge Position* -North America Natural GasSeptember 2011 -Dec 2011**650,000 MMBtud at $4.90 2012***525,000 MMBtud at $5.44 -Total Company Crude Oil August 2011 -Dec 201130,000 Bopd at $97.02 201211,000 Bopd at $106.37 * Based onAugust 4, 2011 Form 10-Q filing. ** EOG has entered into contracts which give counterparties the option of entering into price swap contracts. If counterparties exercise all such options, the notional volume of EOG's existing natura l gas financial price swap contracts will incr ease by 500,000 MMBtud at an average price of $4.7 3per MMBtu for the period September 1, 2011 to December 31, 2011. *** EOG has entered into contracts which give counterparties the option of entering into price swap contracts. If counterpartie sexercise all such options, the notional volume of EOG's existing natura l gas financial price swap contracts will incr ease by 425,000 MMBtud at an average price of $5.4 4per MMBtu for each month of 2012.