This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts, including, among others, statements regarding EOG's future financial position, business strategy, budgets, reserve information, projected levels of production, projected costs and plans and objectives of management for future operations, are forward-looking statements. EOG typically uses words such as "expect," "anticipate," "estimate," "strategy," "intend," "plan," "target" and "believe" or the negative of those terms or other variations of them or by comparable terminology to identify its forward-looking statements. In particular, statements, express or implied, concerning future operating results, the ability to replace or increase reserves or to increase production, or the ability to generate income or cash flows are forward-looking statements. Forward-looking statements are not guarantees of performance. Although EOG believes its expectations reflected in forward-looking statements are based on reasonable assumptions, no assurance can be given that these expectations will be achieved. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include, among others:

• the timing and extent of changes in commodity prices for crude oil, natural gas and related products, foreign currency exchange rates, interest rates and financial market conditions;
• the extent and effect of any hedging activities engaged in by EOG;
• the timing and impact of liquefied natural gas imports;
• changes in demand or prices for ammonia or methanol;
• the extent of EOG's success in discovering, developing, marketing and producing reserves and in acquiring oil and gas properties;
• the accuracy of reserve estimates, which by their nature involve the exercise of professional judgment and may therefore be imprecise;
• the ability to achieve production levels from existing and future oil and gas development projects due to operating hazards, drilling risks and the inherent uncertainties in predicting oil and gas reservoir performance;
• the availability and cost of drilling rigs, experienced drilling crews, tubular steel and other materials, equipment and services used in drilling and well completions;
• the availability, terms and timing of mineral licenses and leases and governmental and other permits and rights of way;
• access to surface locations for drilling and production facilities;
• the availability and capacity of gathering, processing and pipeline transportation facilities;
• the availability of compression uplift capacity;
• the extent to which EOG can economically develop its Barnett Shale acreage outside of Johnson County, Texas;
• whether EOG is successful in its efforts to more densely develop its acreage in the Barnett Shale and other production areas;
• political developments around the world and the enactment of new government policies, legislation and regulations;
• acts of war and terrorism and responses to these acts; and
• weather, including weather-related delays in the installation of gathering and production facilities.

In light of these risks, uncertainties and assumptions, the events anticipated by EOG's forward-looking statements might not occur. Forward-looking statements speak only as of the date made and EOG undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.