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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: June 29, 2001
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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, Collars 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,
collars and physical contracts from time to time.
(a) Natural Gas Price Swaps
On June 29, 2001, EOG entered into price swap agreements covering
notional volumes of 115,000 million British thermal units of natural
gas per day (MMBtu/d) for the period August 2001 to December 2001 at
an average price of $3.38 per MMBtu and 50,000 MMBtu for the period
January 2002 to December 2002 at an average price of $3.56 per MMBtu.
EOG will account for these swap contracts under mark-to-market accounting.
(b) Natural Gas Price Collars
As previously reported, during the period of April 30, 2001 to May 2,
2001, EOG entered into price collars that set a floor price of $4.40 per
MMBtu and ceiling prices that average $6.15 per MMBtu covering notional
volumes of 200,000 MMBtu/d for the period July 2001 to November 2001 at
an average premium of $0.15 per MMBtu. EOG will account for these swap
contracts under mark-to-market accounting.
(c) Natural Gas Physical Contracts
On June 29, 2001, a Canadian subsidiary of EOG priced certain natural
gas physical agreements as follows:
i) approximately 36,000 MMBtu/d for the period August 2001 to
October 2001 at an average NYMEX price of US$3.30 per MMBtu less
applicable basis (location) adjustments.
ii) approximately 48,000 MMBtu/d for the period November 2001 to October
2002 at an average NYMEX price of US$3.57 per MMBtu less applicable
basis (location) adjustments.
iii) approximately 44,000 MMBtu/d for the months of November 2002 and
December 2002 at an average NYMEX price of US$3.58 per MMBtu less
applicable basis (location) adjustments.
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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: June 29, 2001 By: /s/ TIMOTHY K. DRIGGERS
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Timothy K. Driggers
Vice President, Accounting
& Land Administration
(Principal Accounting Officer)