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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: AUGUST 30, 2002
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EOG RESOURCES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-9743 47-0684736
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or organization) Number) Identification No.)
333 CLAY STREET
SUITE 4200
HOUSTON, TEXAS 77002
(Address of principal executive offices) (Zip code)
713/651-7000
(Registrant's telephone number, including area code)
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EOG RESOURCES, INC.
ITEM 9. REGULATION FD DISCLOSURE
Natural Gas and Crude Oil Financial Price Swap and Costless Collar Contracts.
With the objective of enhancing the certainty of future revenues, EOG Resources,
Inc. (EOG), a Delaware corporation, enters into NYMEX-related commodity price
swap and costless collar contracts from time to time.
Third and Fourth Quarters 2002:
(a) Natural Gas Financial Price Swap and Costless Collar Contracts -
Presented below is a summary of EOG's natural gas financial price
swap and costless collar contracts for the second half of 2002 with
prices expressed in dollars per million British thermal units
($/MMBtu) and notional volumes in million British thermal units per
day (MMBtud). EOG accounts for these swap and costless collar
contracts under mark-to-market accounting.
o Price Swaps
Average Price Volume
2002 ($/MMBtu) (MMBtud)
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July and August (closed) $ 3.20 100,000
September (closed) $ 3.11 200,000
October $ 3.13 200,000
November and December $ 3.35 75,000
o Costless Collars
On August 30, 2002, EOG entered into costless collar
contracts that set a floor price of $3.10 per MMBtu and ceiling
prices that average $3.43 per MMBtu covering notional volumes of
100,000 MMBtud for October 2002.
(b) Crude Oil Financial Price Swap Contracts - EOG has contracts in
place covering notional volumes of two thousand barrels of oil per
day at a price of $21.50 per barrel for the period July 2002 through
December 2002. Crude oil financial price swap contracts for the
period of July 2002 are closed. EOG accounts for these swap
contracts under mark-to-market accounting.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EOG RESOURCES, INC.
(Registrant)
Date: August 30, 2002 By: /s/TIMOTHY K. DRIGGERS
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Timothy K. Driggers
Vice President, Accounting
& Land Administration
(Principal Accounting Officer)