EOG Resources, Inc., together with its subsidiaries, explores, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States of America, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom (U.K.), The People's Republic of China (China), the Argentine Republic (Argentina) and other international areas. Reserves As of December 31, 2013, the company’s total estimated net proved reserves were 2,119 million barrels of oil equivalent (MMBoe), of which 901 million barrels (MMBbl) were crude oil and condensate reserves, 377 MMBbl were natural gas liquids (NGLs) reserves and 5,045 billion cubic feet, or 841 MMBoe, were natural gas reserves. Exploration and Production United States and Canada The company’s operations are focused in most of the productive basins in the United States and Canada, with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays. United States: With approximately 564,000 of the 632,000 total net acres that the company controls within the prolific oil window, it completed 466 net wells in 2013. In addition to being an anchor shipper on the Enterprise Products Partners L.P. Eagle Ford crude oil pipeline, the company began shipping its crude oil on the Kinder Morgan crude oil and condensate pipeline into the Houston market in December 2013. In 2013, the company began infill drilling on its crude oil acreage in the Williston Basin Bakken core, drilling 39 net wells. In 2013, the company drilled and participated in 61 net wells in the Permian Basin to develop its liquids-rich Leonard and Wolfcamp plays. The company has approximately 73,000 net acres in the Leonard Shale, and 134,000 net acres in the Wolfcamp Shale, all within the Delaware Basin. Additionally, it has approximately 113,000 net acres in the Wolfcamp Shale within the Midland Basin. The Haynesville and Bossier Shale plays located near the Texas-Louisiana border continue to be core natural gas assets. The company controls approximately 143,000 net acres, all within the highly productive areas of these plays. It holds approximately 593,000 net acres in the Upper Gulf Coast region. In the Mid-Continent area, the company expanded its activities in the western Anadarko Basin. The company holds approximately 200,000 net acres throughout the trend. The company holds approximately 195,000 net acres with Marcellus Shale potential, most of which is held as fee or by production. As of December 31, 2013, the company held approximately 2.7 million net undeveloped acres in the United States. Canada: The company conducts operations in Canada through its wholly-owned subsidiary, EOG Resources Canada Inc. (EOGRC). During 2013, EOGRC continued its focus on horizontal crude oil exploitation, mainly through its development of the shallow Spearfish formation in southwest Manitoba. Of the 93 net wells EOGRC drilled or participated in during 2013, 91 were horizontal and 2 were vertical. As of December 31, 2013, EOGRC held approximately 483,000 net undeveloped acres in Canada. Operations outside the United States and Canada The company has operations offshore Trinidad, in the U.K. North Sea and East Irish Sea, in the China Sichuan Basin and in the Neuquén Basin of Argentina. Trinidad: The company, through its subsidiaries, including EOG Resources Trinidad Limited, holds an 80% working interest in the exploration and production license covering the South East Coast Consortium (SECC) Block offshore Trinidad; holds an 80% working interest in the exploration and production license covering the Pelican Field and its related facilities; holds a 50% working interest in the exploration and production license covering the EMZ Area offshore Trinidad; holds a 100% working interest in a production sharing contract with the Government of Trinidad and Tobago; owns a 12% equity interest in an anhydrous ammonia plant in Point Lisas, Trinidad, that is owned and operated by Caribbean Nitrogen Company Limited; and owns a 10% equity interest in an anhydrous ammonia plant in Point Lisas, Trinidad, that is owned and operated by Nitrogen (2000) Unlimited.
eog resources inc (EOG:New York)
Sky Lobby 2
Houston, TX 77002
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