Item 8.01 Other Events.

I. Price Risk Management



With the objective of enhancing the certainty of future revenues, from time to
time EOG enters into U.S. New York Mercantile Exchange (NYMEX) related financial
price swap, option, swaption, collar and basis swap contracts.  EOG accounts for
financial commodity derivative contracts using the mark-to-market accounting
method.

EOG's actual realizations for crude oil and natural gas differ from NYMEX West
Texas Intermediate (WTI) prices and NYMEX natural gas prices at Henry Hub,
respectively, due to delivery location (basis), quality and appropriate revenue
adjustments. Market prices for natural gas liquids (NGLs) are influenced by the
components extracted, including ethane, propane, butane and natural gasoline,
among others, and the respective market pricing for each component.

II. Crude Oil Derivative Contracts

Since filing its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020, on May 7, 2020 (Form 10-Q), EOG has entered into additional crude oil derivative contracts.



Prices received by EOG for its crude oil production generally vary from NYMEX
WTI prices due to adjustments for delivery location (basis) and other factors.
EOG has entered into crude oil basis swap contracts in order to fix the
differential between Intercontinental Exchange (ICE) Brent pricing and pricing
in Cushing, Oklahoma (ICE Brent Differential). Presented below is a
comprehensive summary of EOG's ICE Brent Differential basis swap contracts
through May 27, 2020. The weighted average price differential expressed in
dollars per barrel ($/Bbl) represents the amount of addition to Cushing,
Oklahoma, prices for the notional volumes expressed in barrels per day (Bbld)
covered by the basis swap contracts.

                            ICE Brent Differential Basis Swap Contracts
                                                                               Weighted Average
                                                                  Volume      Price Differential
                                                                  (Bbld)           ($/Bbl)
  2020
  May 2020                                                        10,000     $             4.92



EOG has also entered into crude oil basis swap contracts in order to fix the
differential between pricing in Houston, Texas, and Cushing, Oklahoma (Houston
Differential). Presented below is a comprehensive summary of EOG's Houston
Differential basis swap contracts through May 27, 2020. The weighted average
price differential expressed in $/Bbl represents the amount of addition to
Cushing, Oklahoma, prices for the notional volumes expressed in Bbld covered by
the basis swap contracts.

                      Houston Differential Basis Swap Contracts

                                                Weighted Average Price Differential
                              Volume (Bbld)                   ($/Bbl)
  2020
  May 2020 (closed)                  10,000    $                               1.55




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EOG has also entered into crude oil swaps to fix the differential in pricing
between the NYMEX calendar month average and the physical crude oil delivery
month (Roll Differential). Presented below is a comprehensive summary of EOG's
Roll Differential swap contracts through May 27, 2020. The weighted average
price differential expressed in $/Bbl represents the amount of net addition
(reduction) to delivery month prices for the notional volumes expressed in Bbld
covered by the swap contracts.

                                  Roll Differential Swap Contracts
                                                                           Weighted Average Price
                                                               Volume           Differential
                                                               (Bbld)             ($/Bbl)
  2020
  February 1, 2020 through June 30, 2020 (closed)              10,000     $            0.70
  July 1, 2020 through September 30, 2020                      88,000                 (1.16 )
  October 1, 2020 through December 31, 2020                    66,000                 (1.16 )



In May 2020, EOG entered into crude oil Roll Differential swap contracts for the
period from July 1, 2020 through September 30, 2020, with notional volumes of
22,000 Bbld at a weighted average price differential of $(0.43) per Bbl, and for
the period from October 1, 2020 through December 31, 2020, with notional volumes
of 44,000 Bbld at a weighted average price differential of $(0.73) per Bbl.
These contracts partially offset certain outstanding Roll Differential swap
contracts for the same time periods and volumes at a weighted average price
differential of $(1.16) per Bbl. EOG expects to pay net cash of $3.2 million for
the settlement of these contracts. The offsetting contracts were excluded from
the above table.

Presented below is a comprehensive summary of EOG's crude oil NYMEX WTI price
swap contracts through May 27, 2020, with notional volumes expressed in Bbld and
prices expressed in $/Bbl.

                           Crude Oil NYMEX WTI Price Swap Contracts

                                                                Volume     Weighted Average
                                                                (Bbld)       Price ($/Bbl)
  2020
  January 1, 2020 through March 31, 2020 (closed)              200,000     $         59.33
  April 2020 (closed)                                          265,000               51.36
  May 2020                                                     265,000               51.36



In April and May 2020, EOG entered into crude oil NYMEX WTI price swap contracts
for the period from June 1, 2020 through June 30, 2020, with notional volumes of
265,000 Bbld at a weighted average price of $33.80 per Bbl, for the period from
July 1, 2020 through July 31, 2020, with notional volumes of 254,000 Bbld at a
weighted average price of $33.75 per Bbl, for the period from August 1, 2020
through September 30, 2020, with notional volumes of 154,000 Bbld at a weighted
average price of $34.18 per Bbl and for the period from October 1, 2020 through
December 31, 2020, with notional volumes of 47,000 Bbld at a weighted average
price of $30.04 per Bbl. These contracts offset the remaining NYMEX WTI price
swap contracts for the same time periods and volumes at a weighted average price
of $51.36 per Bbl for the period from June 1, 2020 through June 30, 2020, $42.36
per Bbl for the period from July 1, 2020 through July 31, 2020, $50.42 per Bbl
for the period from August 1, 2020 through September 30, 2020 and $31.00 per Bbl
for the period from October 1, 2020 through December 31, 2020. EOG expects to
receive net cash of $364.0 million for the settlement of these contracts. The
offsetting contracts were excluded from the above table.


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Presented below is a comprehensive summary of EOG's crude oil ICE Brent price
swap contracts through May 27, 2020, with notional volumes expressed in Bbld and
prices expressed in $/Bbl.

                    Crude Oil ICE Brent Price Swap Contracts


                              Volume (Bbld)     Weighted Average Price ($/Bbl)
  2020
  April 2020 (closed)                75,000    $                         25.66
  May 2020                           35,000                              26.53

III. Natural Gas Liquids Derivative Contracts

Since filing its Form 10-Q, EOG has entered into additional NGL derivative contracts for propane.

Presented below is a comprehensive summary of EOG's Mont Belvieu propane (non-TET) financial price swap contracts (Mont Belvieu Propane Price Swap Contracts) through May 27, 2020, with notional volumes expressed in Bbld and prices expressed in $/Bbl.



                          Mont Belvieu Propane Price Swap Contracts

                                                                Volume     Weighted Average
                                                                (Bbld)       Price ($/Bbl)
  2020
  January 1, 2020 through February 29, 2020 (closed)             4,000

$ 21.34

March 1, 2020 through April 30, 2020 (closed)                 25,000

17.92





In April and May 2020, EOG entered into Mont Belvieu Propane Price Swap
Contracts for the period from May 1, 2020 through December 31, 2020, with
notional volumes of 25,000 Bbld at a weighted average price of $16.41 per Bbl.
These contracts offset the remaining Mont Belvieu Propane Price Swap Contracts
for the same time period with notional volumes of 25,000 Bbld at a weighted
average price of $17.92 per Bbl. EOG expects to receive net cash of $9.2 million
for the settlement of these contracts. The offsetting contracts were excluded
from the above table.

IV. Natural Gas Derivative Contracts

Since filing its Form 10-Q, EOG has not entered into additional natural gas derivative contracts.



Presented below is a comprehensive summary of EOG's natural gas price swap
contracts through May 27, 2020, with notional volumes expressed in million
British thermal units (MMBtu) per day (MMBtud) and prices expressed in dollars
per MMBtu ($/MMBtu).

                                Natural Gas Price Swap Contracts

                                                                Volume       Weighted Average
                                                               (MMBtud)      Price ($/MMBtu)
  2020
  January 1, 2020 through December 31, 2020                     50,000     $             2.75





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EOG has entered into natural gas collar contracts, which establish ceiling and
floor prices for the sale of notional volumes of natural gas as specified in the
collar contracts. The collars require that EOG pay the difference between the
ceiling price and the NYMEX Henry Hub natural gas price for the contract month
(Henry Hub Index Price) in the event the Henry Hub Index Price is above the
ceiling price. The collars grant EOG the right to receive the difference between
the floor price and the Henry Hub Index Price in the event the Henry Hub Index
Price is below the floor price. On March 24, 2020, EOG executed the early
termination provision granting EOG the right to terminate certain 2020 natural
gas collar contracts with notional volumes of 250,000 MMBtud at a weighted
average ceiling price of $2.50 per MMBtu and a weighted average floor price of
$2.00 per MMBtu for the period from April 1, 2020 through July 31, 2020. The net
cash EOG received for settling these contracts was $7.8 million. Presented below
is a comprehensive summary of EOG's natural gas collar contracts through May 27,
2020, with notional volumes expressed in MMBtud and prices expressed in $/MMBtu.

                                        Natural Gas Collar Contracts

Weighted Average Price ($/MMBtu)




                                                  Volume (MMBtud)

Ceiling Price Floor Price


  2020
  April 1, 2020 through July 31, 2020 (closed)           250,000     $           2.50     $         2.00



On April 14, 2020, EOG entered into natural gas collar contracts for the period
from August 1, 2020 through October 31, 2020, with notional volumes of 250,000
MMBtud at a ceiling price of $2.50 per MMBtu and a floor price of $2.00 per
MMBtu. These contracts offset the remaining natural gas collar contracts for the
same time period with notional volumes of 250,000 MMBtud at a ceiling price of
$2.50 per MMBtu and a floor price of $2.00 per MMBtu. EOG expects to receive net
cash of $1.1 million for the settlement of these contracts. The offsetting
contracts were excluded from the above table.

Prices received by EOG for its natural gas production generally vary from NYMEX
Henry Hub prices due to adjustments for delivery location (basis) and other
factors. EOG has entered into natural gas basis swap contracts in order to fix
the differential between pricing in the Rocky Mountain area and NYMEX Henry Hub
prices (Rockies Differential). Presented below is a comprehensive summary of
EOG's Rockies Differential basis swap contracts through May 27, 2020. The
weighted average price differential expressed in $/MMBtu represents the amount
of reduction to NYMEX Henry Hub prices for the notional volumes expressed in
MMBtud covered by the basis swap contracts.

                            Rockies Differential Basis Swap Contracts
                                                                             Weighted Average
                                                                Volume      Price Differential
                                                               (MMBtud)          ($/MMBtu)
  2020
  January 1, 2020 through May 31, 2020 (closed)                 30,000     $             0.55
  June 1, 2020 through December 31, 2020                        30,000                   0.55




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EOG has also entered into natural gas basis swap contracts in order to fix the
differential between pricing at the Houston Ship Channel (HSC) and NYMEX Henry
Hub prices (HSC Differential). On March 27, 2020, EOG executed the early
termination provision granting EOG the right to terminate certain 2020 HSC
Differential basis swaps with notional volumes of 60,000 MMBtud at a weighted
average price differential of $0.05 per MMBtu for the period from April 1, 2020
through December 31, 2020. The net cash EOG paid for settling these contracts
was $0.4 million. Presented below is a comprehensive summary of EOG's HSC
Differential basis swap contracts through May 27, 2020. The weighted average
price differential expressed in $/MMBtu represents the amount of reduction to
NYMEX Henry Hub prices for the notional volumes expressed in MMBtud covered by
the basis swap contracts.

                              HSC Differential Basis Swap Contracts
                                                                             Weighted Average
                                                                Volume      Price Differential
                                                               (MMBtud)          ($/MMBtu)
  2020
  January 1, 2020 through December 31, 2020 (closed)            60,000     $             0.05



EOG has also entered into natural gas basis swap contracts in order to fix the
differential between pricing at the Waha Hub in West Texas and NYMEX Henry Hub
prices (Waha Differential). Presented below is a comprehensive summary of EOG's
Waha Differential basis swap contracts through May 27, 2020. The weighted
average price differential expressed in $/MMBtu represents the amount of
reduction to NYMEX Henry Hub prices for the notional volumes expressed in MMBtud
covered by the basis swap contracts.

                             Waha Differential Basis Swap Contracts
                                                                             Weighted Average
                                                                Volume      Price Differential
                                                               (MMBtud)          ($/MMBtu)
  2020
  January 1, 2020 through April 30, 2020 (closed)               50,000     $             1.40



In April 2020, EOG entered into Waha Differential basis swap contracts for the
period from May 1, 2020 through December 31, 2020, with notional volumes of
50,000 MMBtud at a weighted average price differential of $0.43 per MMBtu. These
contracts offset the remaining Waha Differential basis swap contracts for the
same time period with notional volumes of 50,000 MMBtud at a weighted average
price differential of $1.40 MMBtu. EOG expects to pay net cash of $11.9 million
for the settlement of these contracts. The offsetting contracts were excluded
from the above table.



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