EOG Resources, Inc. (EOG)

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, offshore Trinidad, and the United Kingdom North Sea. The company holds interests in the Fort Worth Basin, the Upper Gulf Coast area, the Permian Basin, the Rocky Mountain area, the Mid-Continent area, south Texas and the Gulf of Mexico, and the Appalachian Basin with approximately 3,204,000 net undeveloped acres in the United States. It owns interests in the southeast Alberta/southwest Saskatchewan shallow natural gas trends, including the Drumheller, Twining, and Halkirk areas, and the Pembina/Highvale area of central Alberta, the Grand Prairie/Wapiti area of northwest Alberta, and the Waskada area in southwest Manitoba with a total net undeveloped acreage of approximately 1,250,000 in Canada. EOG Resources has interests in the South East Coast Consortium Block offshore Trinidad with approximately 233,000 net undeveloped acres; and the Southern Gas Basin of the North Sea with approximately 177,000 net undeveloped acres in the United Kingdom. As of December 31, 2007, its total estimated net proved reserves were 7,745 billion cubic feet equivalent, including 6,669 billion cubic feet of natural gas, and 179 million barrels of crude oil, condensate, and natural gas liquids. The company was founded in 1985 and is based in Houston, Texas.

For the nine months ended 30 September 2006, EOG Resources, Inc.'s revenue increased 23% to $2.97B. Net income applicable to Common increased 33% to $1.05B. Revenues reflect higher revenue from Wellhead Natural Gas and increased Wellhead Crude Oil, Condensate & Natural Gas Liquids. Net income also reflects a decrease in Dry Hole Costs, higher net other income and a decrease in net interest expense.