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EOG » Topics » THIRD QUARTER AND FULL YEAR 2009 FORECAST AND BENCHMARK COMMODITY PRICING

This excerpt taken from the EOG 8-K filed Aug 6, 2009.
THIRD QUARTER AND FULL YEAR 2009 FORECAST AND BENCHMARK COMMODITY PRICING
                         
     (a) Third Quarter and Full Year 2009 Forecast

The forecast items for the third quarter and full year 2009 set forth below for EOG Resources, Inc. (EOG) are based on current available information and expectations as of the date of the accompanying press release. This forecast replaces and supersedes any previously issued guidance or forecast.

     (b) Benchmark Commodity Pricing

EOG bases United States and Canada natural gas price differentials upon the natural gas price at Henry Hub, Louisiana using the simple average of the NYMEX settlement prices for the last three trading days of the applicable month.

EOG bases United States, Canada and Trinidad crude oil and condensate price differentials upon the West Texas Intermediate crude oil price at Cushing, Oklahoma using the simple average of the NYMEX settlement prices for each trading day within the applicable calendar month.

               
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