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Business Description
EOG Resources, Inc. (EOG), together with its subsidiaries, is engaged in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in the United States, Canada and Trinidad, and, to a lesser extent, selected other international areas. At December 31, 2001, The Company's estimated net proved natural gas reserves were 3,796 billion cubic feet (Bcf), and estimated net proved crude oil, condensate and natural gas liquids reserves were 72 million barrels (MMBbl). At such date, approximately 55% of EOG's reserves, on a natural gas equivalent basis, were located in the United States, and 16% and 29% were located in Canada and Trinidad, respectively.

Financial Information
EOG Resources, Inc. is engaged in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the U.S., as well as in Canada, Trinidad and other international areas. For the six months ended 6/30/02, revenues fell 55% to $477 million. Net income applicable to Common fell 98% to $8.4 million. Results reflect lower average prices in North America for natural gas and lower operating margins.