EOG Resources, Inc. announced that Mr. Mark Papa will step down as CEO on July 1, 2013. Bill Thomas will succeed Mr. Mark Papa at that time as CEO. Mr. Mark Papa will remain as Executive Chairman until Bill replaces Mr. Mark Papa when he retires on December 31, 2013 with the title of Chairman and CEO.

EOG Resources, Inc. announced unaudited earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported total net operating revenues were $3,356,514,000 against $2,806,651,000 a year ago. Operating income was $833,074,000 against $559,772,000 a year ago. Income before interest expense and income taxes was $822,940,000 against $570,403,000 a year ago. Income before income taxes was $761,019,000 against $520,134,000 a year ago. Net Income was $494,725,000 or $1.82 diluted per share against $324,009,000 or $1.20 diluted per share a year ago. Net cash provided by operating activities was $1,424,935,000 against $1,077,605,000 a year ago. Additions to oil and gas properties were $1,604,123,000 against $1,878,813,000 a year ago. Additions to other property, plant and equipment was $92,201,000 against $170,704,000 a year ago. Adjusted non-GAAP net income was $489,859,000, or $1.80 diluted per share against $317,458,000 or $1.17 diluted per share a year ago. Non GAAP EBITDAX was $1,771,054,000 against $1,495,100,000 a year ago. Non GAAP adjusted EBITDAX was $1,778,827,000 against $1,427,025,000 a year ago. Non-GAAP net debt as on March 31, 2013 was $5,204,000. For the quarter, the company reported total Crude Oil and Condensate volumes of 187.3 million Bbld to 140.8 million Bbld a year ago. Natural Gas Liquids of 59.5 million Bbld against 51.1 million Bbld a year ago. Natural Gas Volumes of 1,373 million Mcfd against 1,547 million Mcfd a year ago. Crude Oil Equivalent of 475.6 million Boed against 449.8 million Boed a year ago. For the first quarter, the company announced impairments of $53,548,000 against $133,147,000 a year ago. For the second quarter of 2013, the company expects total Crude Oil and Condensate volumes of 192.3 million Bbld to 208.8 million Bbld, Natural Gas Liquids of 59.5 million Bbld to 64.5 million Bbld, Natural Gas Volumes of 1,302 million Mcfd to 1,394 million Mcfd, Crude Oil Equivalent of 468.9 million Boed to 505.6 million Boed. For the second quarter, the company expects depreciation, depletion and amortization to be in the range of $19.95 per Boe to $20.45 per Boe, income taxes effective rate to be in the range of 30% to 40%, capital expenditures of exploration and development, excluding facilities to be approximately $5,900 million, capital expenditures of exploration and development facilities to be approximately $710 million, capital expenditures of gathering, processing and other to be approximately $435 million. For the full year 2013, the company expects depreciation, depletion and amortization to be in the range of $19.85 per Boe to $20.75 per Boe, income taxes effective rate to be in the range of 35% to 45%, capital expenditures of exploration and development, excluding facilities to be approximately $6,000 million, capital expenditures of exploration and development facilities to be approximately $770 million, capital expenditures of gathering, processing and other to be approximately $465 million. For the full year 2013, the company expects total Crude Oil and Condensate volumes of 193.0 million Bbld to 211.2 million Bbld, Natural Gas Liquids of 56.0 million Bbld to 66.8 million Bbld, Natural Gas Volumes of 1,287 million Mcfd to 1,370 million Mcfd, Crude Oil Equivalent of 463.5 million Boed to 506.3 million Boed.

EOG Resources, Inc. Presents at Citi's Global Energy and Utilities Conference, May-15-2013 11:00 AM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States. Speakers: William R. Thomas, President.