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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: February 20, 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 5. Other Events
Price Swaps and Physical Contracts. With the objective of
enhancing the certainty of future revenues, EOG Resources, Inc.
(EOG), a Delaware corporation, enters into NYMEX-related
commodity price swaps and physical contracts from time to time.
(a) 2002 Price Swap Positions
o Natural Gas Price Swaps - Tabulated below is a summary of
EOG's 2002 natural gas price swap positions with prices expressed
in dollars per million British thermal units ($/MMBtu) and
volumes in million British thermal units per day (MMBtud). EOG
accounts for these swap contracts under mark-to-market
accounting.
Average Price Volume
2002 ($/MMBtu) (MMBtud)
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January (closed) $ 3.21 140,000
February (closed) $ 3.13 190,000
March $ 3.13 140,000
April and May $ 2.68 290,000
June $ 2.76 200,000
July through December $ 3.26 100,000
o Crude Oil Price Swaps - Notional volumes of two thousand
barrels of oil per day for the period March 2002 to December 2002
at an average price of $21.50 per barrel. EOG accounts for these
swap contracts under mark-to-market accounting.
(b) 2002 Natural Gas Physical Contracts
EOG had 2002 natural gas physical contracts for 95,000
MMBtud at an average price of $3.03 per MMBtu for January and
February 2002 in the U.S. and approximately 24,000 MMBtud at an
average price of US$3.35 per MMBtu for the period January through
December 2002 in Canada.
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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: February 20, 2002 By: /s/ TIMOTHY K. DRIGGERS
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Timothy K. Driggers
Vice President, Accounting
& Land Administration
(Principal Accounting Officer)