UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: February 3, 2003
_______________
EOG RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-9743 47-0684736
(State or other (Commission (I.R.S. Employer
jurisdiction File Identification No.)
of incorporation or Number)
organization)
333 Clay
Suite 4200 77002
Houston, Texas (Zip code)
(Address of principal
executive offices)
713/651-7000
(Registrant's telephone number, including area code)
EOG RESOURCES, INC.
Item 9. Regulation FD Disclosure
With the objective of enhancing the certainty of future
revenues, from time to time EOG Resources, Inc. ("EOG") enters
into NYMEX-related financial commodity price swap and collar
contracts. Over and above these financial transactions, EOG
occasionally enters into various physical commodity contracts.
The revenues resulting from these various physical commodity
contracts are included in natural gas revenues and impact the
average realized natural gas prices. EOG plans to file a Current
Report on Form 8-K at a later date to present estimates of the
2003 forecast which will reflect prices associated with these
various physical commodity contracts.
Presented below is a summary of EOG's 2003 natural gas and
crude oil financial price swap contracts and natural gas
financial collar contracts as of February 3, 2003. EOG accounts
for these price swap and collar contracts using the mark-to-
market accounting method.
(a) Natural Gas Financial Price Swap Contracts
Average Price Volume
($/MMBtu) (MMBtud)
March $5.19 100,000
April $4.96 100,000
May $4.82 100,000
June $4.77 100,000
July $4.77 100,000
August $4.77 100,000
September $4.74 100,000
October $4.74 100,000
(b) Crude Oil Financial Price Swap Contracts
Average Price Volume
($/Bbl) (Bbld)
January (closed) $27.34 2,000
February $26.91 2,000
March $27.96 4,000
April $27.77 5,000
May $27.04 5,000
June $26.43 5,000
July $25.90 5,000
August $25.49 5,000
September $25.19 5,000
October $24.90 5,000
November $24.70 5,000
December $24.47 5,000
(c) Natural Gas Financial Collar Contracts - Presented below are
EOG's 2003 natural gas financial collar contracts and their
respective volumes, with floor and ceiling prices expressed in
$/MMBtu.
10,000 MMBtud 15,000 MMBtud 25,000 MMBtud
Floor Price Ceiling Price Floor Price Ceiling Price Floor Price Ceiling Price
February (closed) $4.22 $6.22 $4.30 $6.30 $4.19 $5.05
March $4.15 $6.15 $4.20 $6.20 $4.08 $5.00
April $4.01 $6.01 $4.02 $6.03 $3.88 $4.80
May $3.92 $5.92 $3.88 $5.89 $3.78 $4.70
June $3.89 $5.89 $3.89 $5.90 $3.78 $4.70
July $3.91 $5.91 $3.89 $5.90 $3.79 $4.73
August $3.91 $5.91 $3.91 $5.91 $3.79 $4.73
September $3.89 $5.89 $3.87 $5.87 $3.77 $4.73
October $3.90 $5.90 $3.87 $5.87 $3.77 $4.73
November $4.04 $6.04 $4.02 $6.03 $3.91 $4.90
December $4.18 $6.18 $4.15 $6.16 $4.04 $5.05
25,000 MMBtud 50,000 MMBtud*
Floor Price Ceiling Price Floor Price Ceiling Price
January (closed) - - $3.87 $6.09
February (closed) $4.22 $6.08 $3.76 $5.98
March $4.15 $6.01 $3.61 $5.83
April $4.01 $5.87 $3.59 $4.97
May $3.92 $5.78 $3.54 $4.92
June $3.89 $5.75 $3.56 $4.94
July $3.91 $5.77 $3.59 $4.97
August $3.91 $5.77 $3.60 $4.98
September $3.89 $5.75 $3.60 $4.98
October $3.90 $5.76 $3.60 $4.98
November $4.04 $5.90 $3.77 $5.15
December $4.18 $6.04 $3.92 $5.30
*Contract purchased at a premium of $0.10 per MMBtu, that was
recognized in fourth quarter 2002 earnings and cash flows.
Definitions
$/Bbl US Dollars per barrel
$/MMBtu US Dollars per million British thermal units
Bbld Barrels per day
MMBtu Million British thermal units
MMBtud Million British thermal units per day
SIGNATURE
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 thereunto duly authorized.
EOG RESOURCES, INC.
Date: February 3, 2003 By: /s/ TIMOTHY K. DRIGGERS
Timothy K. Driggers
Vice President, Accounting
and Land Administration
(Principal Accounting Officer)