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

The primary purpose of this 8-K filing is to provide EOG Resources Inc. with updated forecasts for the first quarter and the full year of 2009, replacing any prior guidance issued by the company. It also clarifies the company's benchmark commodity pricing methodologies.

Where can I find the detailed 2009 forecast numbers?

The detailed estimated ranges for the first quarter and full year 2009 forecast are located in Exhibit 99.1, which is attached to this 8-K filing and incorporated by reference.

What risks should investors consider when looking at EOG's 2009 forecast?

Investors should consider a wide range of risks, including volatility in natural gas and crude oil prices and demand, the success of EOG's exploration and development activities (particularly in plays like the Barnett Shale and Bakken Formation), the availability and cost of infrastructure, regulatory changes, weather impacts, financial market conditions, and geopolitical events. The filing lists numerous factors that could cause actual results to differ materially from the forecast.

Does EOG guarantee its 2009 forecast will be accurate?

No, EOG explicitly states that its forward-looking statements, including the 2009 forecast, are not guarantees of performance. They are based on assumptions that may prove incorrect and are subject to significant known and unknown risks and uncertainties that could affect actual results.

EOG 8-K: Regulation FD

Summary

This 8-K filing by EOG Resources Inc. (EOG) on February 4, 2009, primarily serves to update the market with its first quarter and full-year 2009 forecast, replacing any previous guidance. While the specific details of the forecast are provided in an attached exhibit (Exhibit 99.1), the core purpose of this filing is to provide forward-looking statements about the company's expected performance and operational plans for the upcoming year. Investors should note that these forecasts are based on current information and are subject to significant risks and uncertainties inherent in the oil and gas industry. The filing also clarifies the methodology EOG uses for benchmark commodity pricing, specifically referencing Henry Hub, Louisiana for natural gas and West Texas Intermediate (WTI) for crude oil and condensate. These benchmarks are used to establish price differentials in the United States, Canada, and Trinidad. A significant portion of the document is dedicated to a comprehensive list of risk factors that could materially impact the company's actual results, which are crucial for investors to consider when evaluating the reliability of the provided forecasts.

Key Highlights

1EOG Resources issued updated guidance for its first quarter and full year 2009 forecast, superseding all previous projections.
2The specific financial and operational forecast details are presented in Exhibit 99.1, incorporated by reference.
3The filing clarifies EOG's methodology for determining natural gas and crude oil price differentials using Henry Hub and WTI benchmarks, respectively.
4A substantial section of the filing is dedicated to outlining forward-looking statements and the inherent risks and uncertainties in the oil and gas industry.
5Key risks include fluctuations in commodity prices, changes in demand, operational success in exploration and development, availability of infrastructure, regulatory changes, and general economic conditions.
6The company explicitly states that forward-looking statements are not guarantees of future performance and may be affected by factors outside of their control.
7EOG undertakes no obligation to update its forward-looking statements, even if new information or future events occur.

EOG RESOURCES INC 8-K Report, Regulation FD Disclosure (Feb 4, 2009)

Summary

Key Highlights

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