EOG Resources, Inc. EOG

EOG Resources, Inc. (EOG), incorporated on June 12, 1985, together with its subsidiaries, explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People's Republic of China (China), Canada and, from time to time, select other international areas. The Company's operations are all crude oil and natural gas exploration and production related. As of December 31, 2016, the Company's total estimated net proved reserves were 2,147 million barrels of oil equivalent (MMBoe), of which 1178 million barrels (MMBbl) were crude oil and condensate reserves, 416 MMBbl were natural gas liquids (NGLs) reserves and 3318 billion cubic feet, or 553 MMBoe were natural gas reserves.

United States Operations

The Company's operations are focused on the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays. As of December 31, 2016, EOG is a crude oil producer in the Eagle Ford with cumulative gross production in excess of 365 MMBbl of oil. As of December 31, 2016, EOG completed 236 net wells in the Eagle Ford and also tested a new Austin Chalk play concept with the completion of 14 net Austin Chalk wells. As of December 31, 2016, in the Permian Basin, EOG completed 92 wells in the Delaware Basin Wolfcamp Shale, Second Bone Spring and Leonard. As of December 31, 2016, in the Delaware Basin Wolfcamp Shale play, where it had approximately 346,000 net acres, EOG followed a development plan with well spacing as close as 660 feet in the crude oil portion and 880 feet in the combo portion. As of December 31, 2016, in the Second Bone Spring Sand play, where it held approximately 289,000 net acres, EOG completed 13 net wells. As of December 31, 2016, in the Leonard Shale play, EOG had approximately 160,000 net acres and continued development. As of December 31, 2016, EOG held approximately 630,000 net acres throughout the Permian Basin.

As of December 31, 2016, in the Rocky Mountain area, EOG continued infill drilling on its crude oil acreage in the Williston Basin Bakken core, completing approximately 48 net wells. As of December 31, 2016, EOG held approximately 985,000 net acres in the Rocky Mountain area. As of December 31, 2016, in the Upper Gulf Coast region, EOG has completed approximately seven net wells. As of December 31, 2016, EOG held approximately 370,000 net acres in the Upper Gulf Coast region. As of December 31, 2016, EOG held approximately 300,000 net acres throughout the Mid-Continent area. As of December 31, 2016, EOG held approximately 210,000 net acres with Marcellus and Utica Shale. As of December 31, 2016, EOG held approximately 2.2 million net undeveloped acres in the United States. EOG operates its own sand mine and sand processing plants in Hood County, Texas. Additionally, EOG owns a second Hood County sand processing plant, which processes sand sourced from the north Texas area.

Operations Outside the United States

The Company has operations offshore Trinidad, in the United Kingdom East Irish Sea, in the China Sichuan Basin and in Canada and is evaluating additional exploration, development and exploitation opportunities in these and other select international areas. EOG, through its subsidiaries, including EOG Resources Trinidad Limited, holds a working interest in the exploration and production license covering the South East Coast Consortium (SECC) Block offshore Trinidad. It holds working interest in the exploration and production license covering the Pelican Field and its related facilities. It holds working interest in the exploration and production licenses covering the Sercan Area offshore Trinidad. It owns working interest in a production sharing contract with the Government of Trinidad and Tobago for each of the Modified U(a) Block, Modified U(b) Block and Block 4(a). It holds an equity interest in an anhydrous ammonia plant in Point Lisas, Trinidad, which is owned and operated by Caribbean Nitrogen Company Limited. It also holds equity interest in an anhydrous ammonia plant in Point Lisas, Trinidad, which is owned and operated by Nitrogen (2000) Unlimited. As of December 31, 2016, EOG held approximately 40,000 net undeveloped acres in Trinidad. At December 31, 2016, EOG held approximately 4,000 net undeveloped acres in the United Kingdom.