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Actionable news in EOG: EOG RESOURCES Inc,

Regulation FD

I.

Price Risk Management

With the objective of enhancing the certainty of future revenues, from time to time EOG Resources, Inc. (EOG) enters into New York Mercantile Exchange (NYMEX) related financial price swap, option, swaption, collar and basis swap contracts. EOG accounts for financial commodity derivative contracts using the mark-to-market accounting method.

For the third quarter of 2015, EOG anticipates a non-cash net gain of $29.2 million on the mark-to-market of its crude oil and natural gas derivative contracts. During the third quarter of 2015, the net cash received from settlements of crude oil and natural gas derivative contracts was $99.9 million.

For the quarter ended September 30, 2015, NYMEX West Texas Intermediate crude oil averaged $46.44 per barrel, and N YMEX natural gas at Henry Hub averaged $2.77 per million British thermal units (MMBtu). EOG's actual realizations for crude oil and natural gas for the quarter ended September 30, 2015, differ from these NYMEX prices due to delivery location and quality adjustments.

II.

Crude Oil Derivative Contracts

Since filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, on August 6, 2015 (Quarterly Report on Form 10-Q), EOG has not entered into additional crude oil price swap contracts. Presented below is a comprehensive summary of EOG's crude oil price swap contracts at October 14, 2015, with notional volumes expressed in barrels per day (Bbld) and prices expressed in dollars per barrel ($/Bbl).

Crude Oil Price Swap Contracts

Weighted

Volume

Average Price

(Bbld)

($/Bbl)

2015

January 1, 2015 through June 30, 2015 (closed)

47,000

$

91.22

July 1, 2015 through September 30, 2015 (closed)

10,000

89.98

October 1, 2015 through December 31, 2105

10,000

89.98

Since filing its Quarterly Report on Form 10-Q, EOG has purchased put options which establish a floor price for the sale of certain notional volumes of crude oil as specified in the put option contracts. The put options grant EOG the right to receive the difference between the put option strike price and the average NYMEX West Texas Intermediate crude oil price for the contract month (Index Price), in the event the Index Price is below the put option strike price. If the Index Price is above the put option strike price, EOG is only required to pay the put option premium. Below is a summary of put option contracts at October14, 2015.

Crude Oil Put Option Contracts

Volume

(Bbld)

Average

Premium

($/Bbl)

Strike

Price

($/Bbl)

2015

September 2015 (closed)

82,500

$

1.75

$

45.00

October 1, 2015 through November 30, 2015

82,500

1.75

45.00

2

III.

Natural Gas Derivative Contracts

Since filing its Quarterly Report on Form 10-Q, EOG has not entered into additional natural gas price swap contracts. Presented below is a comprehensive summary of EOG's natural gas price swap contracts at October 14, 2015, with notional volumes expressed in MMBtu per day (MMBtud) and prices expressed in dollars per MMBtu ($/MMBtu).

Natural Gas Price Swap Contracts

Weighted

Volume

Average Price

(MMBtud)

($/MMBtu)

2015

(1)

January 1, 2015 through February 28, 2015 (closed)

235,000

$

4.47

March 2015 (closed)

225,000

4.48

April 2015 (closed)

195,000

4.49

May 2015 (closed)

235,000

4.13

June 2015 (closed)

275,000

3.97

July 2015 (closed)

275,000

3.98

August 1, 2015 through October 31, 2015 (closed)

175,000

4.51

November 1, 2015 through December 31, 2015

175,000

4.51

(1)

EOG has entered into natural gas derivative contracts which give counterparties the...


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