What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to update EOG Resources' financial and operational forecasts for the fourth quarter and the full year 2006. This updated guidance replaces any previous forecasts the company may have issued, ensuring investors have the most current information.

How does EOG determine its benchmark commodity pricing?

EOG bases its United States and Canada natural gas price differentials on the Henry Hub, Louisiana price, using the average of the last three NYMEX settlement prices for the prompt month. For crude oil and condensate in the US, Canada, and Trinidad, it uses the West Texas Intermediate (WTI) price at Cushing, Oklahoma, based on the simple average of prompt month NYMEX settlement prices for each trading day within the calendar month.

What should investors be aware of regarding the forward-looking statements in this filing?

Investors should understand that the forward-looking statements section highlights various risks and uncertainties that could cause actual results to differ from EOG's projections. These include, but are not limited to, changes in commodity prices, foreign currency exchange rates, interest rates, the success of exploration and development activities, the availability and cost of resources (like drilling rigs and materials), regulatory approvals, transportation capacity, and geopolitical events.

Does this filing provide specific production or earnings targets?

This filing indicates that detailed estimates for the fourth quarter and full year 2006 are provided in an attached table which is incorporated by reference. While the 8-K itself announces the update and the methodology, the specific numerical targets for production, costs, or earnings would be found within that referenced table.

EOG 8-K: Regulation FD — Oct 30, 2006

Summary

EOG Resources Inc. (EOG) filed an 8-K on October 30, 2006, to provide updated guidance for its fourth quarter and full year 2006 financial and operational forecasts. This disclosure supersedes any previously issued guidance, offering investors the most current expectations from the company regarding its performance. The report also details EOG's methodology for determining benchmark commodity pricing used in its forecasts, specifically for natural gas at Henry Hub, Louisiana, and crude oil at West Texas Intermediate (WTI) in Cushing, Oklahoma. Investors should pay close attention to this updated forecast as it reflects the company's latest outlook on production levels, costs, and potential financial results. The filing also includes a standard forward-looking statements section, outlining the inherent risks and uncertainties associated with the energy industry and EOG's specific business operations, such as commodity price volatility, exploration success, operational costs, and regulatory factors.

Key Highlights

1EOG Resources updated its financial and operational forecast for Q4 and full year 2006, superseding all prior guidance.
2The company provided specific methodologies for calculating benchmark commodity pricing for natural gas (Henry Hub) and crude oil (WTI).
3The report incorporates by reference an attached table containing the detailed forecast estimates.
4A comprehensive 'Forward-Looking Statements' section details potential risks and uncertainties, including commodity price fluctuations, exploration success, and operational costs.
5The filing aims to comply with Regulation FD by disseminating material information broadly.
6Investors are cautioned that forward-looking statements are not guarantees and actual results may differ materially.

EOG RESOURCES INC 8-K Report, Regulation FD Disclosure (Oct 30, 2006)

Summary

Key Highlights

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