EOG Resources, Inc. · NYSE:EOG
EOG Resources — Shareholder Meeting (May 2012)
11 slides from EOG Resources's shareholder meeting presentation, May 2, 2012
Slide 1: EOG Resources Annual Meeting of Stockholders
EOG Resources Annual Meeting of Stockholders May 2, 2012
Slide 2: Copyright; Assumption of Risk; Forward-Looking Statements
Copyright; Assumption of Risk: Copyright 2012. This presentation and the contents of this presentation have been copyrighted by EOG Resources, Inc. (EOG). All rights reserved. Copying of the presentation is forbidden without the prior written consent of EOG. Information in this presentation is provi
Slide 3: Multi-Year Drilling Inventory of U.S. Centric Oil Prospects
Multi-Year Drilling Inventory of U.S. Centric Oil Prospects - Will Generate High Annual Oil Production Growth Rates – Best in Class Eagle Ford Crude Oil Asset – 1.6 BnBoe*, NAR - Best Asset in North America, and Improving Long History of Execution in Resource Plays Differentiators Net Backs - Crude-
Slide 4: First Mover in All U.S. Unconventional Horizontal Oil Plays
First Mover in All U.S. Unconventional Horizontal Oil Plays Eagle Ford – Biggest Oil Producer – Premier 572,000 Net Acre Oil Window Bakken/Three Forks – One of the Top Oil Producers in North Dakota Barnett Combo – Biggest Oil Producer with Dominant Acreage Position Wolfcamp and Leonard Shale – Stron
Slide 5: Strong Oil Growth
Strong Oil Growth • 2010 +35% • 2011 +52% • 2012E* +30% High-Value Production Generates Strong Per Share Growth in - Earnings - EBITDAX - Discretionary Cash Flow Maintain Net Debt-to-Cap Ratio <30% at YE 2012 Funding Gap Continues to Narrow * Based on mid-point of full-year 2012 production estimates
Slide 6: Continue to Explore for New Hz Oil/Liquids Prospects Onshore North America
Continue to Explore for New Hz Oil/Liquids Prospects Onshore North America - Exploit Expertise in Hz Shales Improve Recovery Factor in Existing Plays - Testing • Denser Well Spacing • Secondary Recovery Methods ASM_0512-5
Slide 7: Liquids (Crude Oil and NGLs) vs Natural Gas Revenue Mix
~ ~ 84% 79% 76% 71% 72% NGLs 59% 53% 47% Oil 41% 29% 28% 24% 21% ~ ~ 16% 8% Hedged 2006 2007 2008 2009 2010 2011 2012E** Liquids (Crude Oil and NGLs) Natural Gas * 2006 - 2011 based on North American actual revenues. FY 2012E based on NYMEX 2011 Current/Forward Oil to Gas Prices converted as follows
Slide 8: EOG vs Peer Average
120% 100% EOG +117% 80% Peer Avg +22% 60% 40% 20% Co. 10 Co. 11 Co. 12 0% EOG Co. 1 Co. 2 Co. 3 Co. 4 Co. 5 Peer Co. 6 Co. 7 Co. 8 Co. 9 Avg -20% -40% -60% Source: Goldman Sachs estimates April 20, 2012, $110.68 WTI and $2.52 Henry Hub in 2012. * Peers Include: APA, APC, CHK, COG, DVN, ECA, NFX, NBL
Slide 9: Long-Term Total Return: EOG vs S&P Peers
1000% 1200% -200% 0% 200% 400% 600% 800% 16-Aug-99 16-Apr-00 16-Dec-00 16-Aug-01 16-Apr-02 16-Dec-02 16-Aug-03 16-Apr-04 16-Dec-04 16-Aug-05 16-Apr-06 16-Dec-06 *S&P Peers: APA, APC, CHK, COG, DNR, DVN, EQT, MRO, NBL, NFX, PXD, QEP, RRC, SWN, WPX 16-Aug-07 20% Dow 15% Nasdaq 16-Apr-08 16-Dec-08 16-A
Slide 10: Year-to-Date Share Performance vs Nasdaq, Dow and Peers
25% 20% Nasdaq 17% 15% EOG 10% 10% 5% Dow 8% 0% S&P Peers 3% -5% 30-Dec 12-Jan 25-Jan 7-Feb 20-Feb 4-Mar 17-Mar 30-Mar 12-Apr 26-Apr 25-Apr * S&P Peers: APA, APC, CHK, COG, DNR, DVN, EQT, NBL, NFX, PXD, QEP, RRC, SWN ASM_0512-9
Slide 11: Copyright; Assumption of Risk; Forward-Looking Statements
Copyright; Assumption of Risk: Copyright 2012. This presentation and the contents of this presentation have been copyrighted by EOG Resources, Inc. (EOG). All rights reserved. Copying of the presentation is forbidden without the prior written consent of EOG. Information in this presentation is provi