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

The main purpose of this 8-K filing is to provide EOG Resources Inc. with an update to its financial and operational forecasts for the third quarter and the full year of 2008, and to supersede any previously issued guidance. It also clarifies the company's benchmark commodity pricing methodologies.

How does EOG determine its benchmark commodity prices?

For U.S. and Canadian natural gas, EOG uses the simple average of NYMEX settlement prices for the last three trading days of the applicable month, based on the Henry Hub, Louisiana price. For U.S., Canadian, and Trinidad crude oil and condensate, they use the simple average of NYMEX settlement prices for each trading day within the applicable calendar month, based on the West Texas Intermediate (WTI) crude oil price at Cushing, Oklahoma.

What are the key risks associated with EOG's forward-looking statements?

Key risks include volatility in commodity prices (crude oil and natural gas), foreign currency exchange rates, interest rates, financial market conditions, the impact of hedging activities, liquefied natural gas imports, changes in demand or prices for ammonia or methanol, success in reserve discovery and development, accuracy of reserve estimates, production challenges, availability and cost of drilling equipment and services, availability of permits and rights-of-way, access to facilities, transportation capacity, economic development of specific shale acreage, political developments, government regulations, acts of war or terrorism, and weather-related delays.

Does this filing include specific financial guidance figures?

The filing states that "Estimates are provided in the attached table, which is incorporated by reference herein." However, the provided text of the 8-K does not contain the actual table with the specific forecast numbers. Investors would need to refer to the complete filing, including any attached exhibits, to find the detailed forecast figures.

EOG 8-K: Regulation FD — Jul 29, 2008

Summary

EOG Resources Inc. (EOG) filed an 8-K on July 29, 2008, to update its financial and operational forecasts for the third quarter and full year of 2008. This filing supersedes all previous guidance. The company also detailed its methodologies for benchmark commodity pricing, using Henry Hub for natural gas and West Texas Intermediate (WTI) for crude oil, with specific averaging periods for price calculations. This proactive disclosure provides investors with EOG's latest expectations for production, costs, and other key financial metrics, allowing for more informed investment decisions. Investors should note that these are forward-looking statements and are subject to various risks and uncertainties, including commodity price volatility, operational challenges, and regulatory changes, as detailed in the filing.

Key Highlights

1EOG Resources updated its Q3 and Full Year 2008 financial and operational forecasts.
2This new guidance supersedes all previously issued forecasts.
3The filing specifies the methodology used for determining benchmark natural gas prices (Henry Hub) and crude oil prices (WTI).
4Natural gas prices are based on a simple average of NYMEX settlement prices for the last three trading days of the month.
5Crude oil and condensate prices are based on a simple average of NYMEX settlement prices for each trading day within the applicable calendar month.
6The document includes a comprehensive list of risk factors that could impact actual results, such as commodity price fluctuations, operational risks, and regulatory changes.
7EOG emphasizes that these are forward-looking statements and actual results may differ materially.

EOG RESOURCES INC 8-K Report, Regulation FD Disclosure (Jul 29, 2008)

Summary

Key Highlights

Frequently Asked Questions