EXHIBIT 99.1
EOG Resources, Inc.
News Release
For Further Information Contact:	Investors
	Maire A. Baldwin
	(713) 651-6EOG (651-6364)
	Elizabeth M. Ivers
	(713) 651-7132
	Media
	K Leonard
	(713) 571-3870

[TEXT]

EOG RESOURCES, INC.
FINANCIAL REPORT
(Unaudited; in millions, except per share data)
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2011		2010		2011		2010
Net Operating Revenues			$	2,885.7	$	1,582.1	$	7,353.1	$	4,310.7
Net Income (Loss)			$	540.9	$	(70.9)	$	970.4	$	107.0
Net Income (Loss) Per Share
	Basic		$	2.03	$	(0.28)	$	3.71	$	0.43
	Diluted		$	2.01	$	(0.28)	$	3.66	$	0.42
Average Number of Shares Outstanding
	Basic			266.1		251.0		261.7		250.7
	Diluted			269.3		251.0		265.2		254.4
SUMMARY INCOME STATEMENTS
(Unaudited; in thousands, except per share data)
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2011		2010		2011		2010
Net Operating Revenues
	Crude Oil and Condensate		$	953,154	$	506,368	$	2,649,034	$	1,368,338
	Natural Gas Liquids			206,572		107,482		539,104		314,750
	Natural Gas			576,803		602,242		1,760,715		1,832,578
	Gains on Mark-to-Market Commodity Derivative Contracts			357,664		60,998		480,539		105,816
	Gathering, Processing and Marketing			578,022		233,971		1,461,303		601,790
	Gains on Asset Dispositions, Net			207,468		64,809		442,981		72,441
	Other, Net			6,061		6,205		19,424		15,023
		Total		2,885,744		1,582,075		7,353,100		4,310,736
Operating Expenses
	Lease and Well			248,926		180,921		680,710		507,647
	Transportation Costs			108,678		103,262		308,276		286,318
	Gathering and Processing Costs			18,532		18,472		55,444		47,353
	Exploration Costs			48,469		47,307		140,616		148,635
	Dry Hole Costs			22,604		2,700		47,231		45,095
	Impairments			83,431		352,908		531,413		502,865
	Marketing Costs			572,604		231,758		1,427,450		591,735
	Depreciation, Depletion and Amortization			651,684		500,888		1,822,854		1,398,137
	General and Administrative			82,260		81,310		219,703		206,470
	Taxes Other Than Income			98,526		74,244		308,669		227,773
		Total		1,935,714		1,593,770		5,542,366		3,962,028
Operating Income (Loss)				950,030		(11,695)		1,810,734		348,708
Other Income, Net				1,377		5,772		11,205		7,910
Income (Loss) Before Interest Expense and Income Taxes				951,407		(5,923)		1,821,939		356,618
Interest Expense, Net				52,186		32,890		153,772		88,215
Income (Loss) Before Income Taxes				899,221		(38,813)		1,668,167		268,403
Income Tax Provision				358,343		32,093		697,742		161,422
Net Income (Loss)			$	540,878	$	(70,906)	$	970,425	$	106,981
Dividends Declared per Common Share			$	0.160	$	0.155	$	0.480	$	0.465

EOG RESOURCES, INC.
OPERATING HIGHLIGHTS
(Unaudited)
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2011		2010		2011		2010
Wellhead Volumes and Prices
Crude Oil and Condensate Volumes (MBbld) (A)
	United States			108.9		66.6		94.3		59.5
	Canada			6.8		5.9		8.0		6.1
	Trinidad			3.1		4.8		3.6		4.7
	Other International (B)			0.1		0.1		0.1		0.1
		Total		118.9		77.4		106.0		70.4
Average Crude Oil and Condensate Prices ($/Bbl) (C)
	United States		$	87.22	$	71.54	$	91.40	$	72.58
	Canada			90.54		69.12		92.76		71.32
	Trinidad			89.70		65.06		91.56		66.91
		Composite		87.49		70.96		91.52		72.09
Natural Gas Liquids Volumes (MBbld) (A)
	United States			43.2		31.1		38.7		27.4
	Canada			0.8		0.8		0.8		0.9
		Total		44.0		31.9		39.5		28.3
Average Natural Gas Liquids Prices ($/Bbl) (C)
	United States		$	50.90	$	36.56	$	49.85	$	40.68
	Canada			57.69		40.34		54.36		42.90
		Composite		51.02		36.66		49.93		40.75
Natural Gas Volumes (MMcfd) (A)
	United States			1,122		1,175		1,123		1,096
	Canada			123		200		135		205
	Trinidad			330		333		354		342
	Other International (B)			12		14		13		15
		Total		1,587		1,722		1,625		1,658
Average Natural Gas Prices ($/Mcf) (C)
	United States		$	4.06	$	4.21	$	4.13	$	4.50
	Canada			3.81		3.42		3.88		4.09
	Trinidad			3.59		2.53		3.42		2.54
	Other International (B)			5.54		5.41		5.60		4.64
		Composite		3.95		3.80		3.97		4.05
Crude Oil Equivalent Volumes (MBoed) (D)
	United States			339.4		293.5		320.3		269.6
	Canada			27.9		40.0		31.2		41.1
	Trinidad			58.0		60.3		62.7		61.7
	Other International (B)			2.0		2.5		2.2		2.6
		Total		427.3		396.3		416.4		375.0
Total MMBoe (D)				39.3		36.5		113.7		102.4
(A)	Thousand barrels per day or million cubic feet per day, as applicable.
(B)	Other International includes EOG's United Kingdom and China operations.
(C)	Dollars per barrel or per thousand cubic feet, as applicable. Excludes the impact of financial commodity derivative instruments.
(D)	Thousand barrels of oil equivalent per day or million barrels of oil equivalent, as applicable; includes crude oil and condensate, natural gas liquids and natural gas. Crude oil equivalents are determined using the ratio of 1.0 barrel of crude oil and condensate or natural gas liquids to 6.0 thousand cubic feet of natural gas. MMBoe is calculated by multiplying the MBoed amount by the number of days in the period and then dividing that amount by one thousand.

	EOG RESOURCES, INC.
	SUMMARY BALANCE SHEETS
	(Unaudited; in thousands, except share data)
			September 30,		December 31,
			2011		2010
	ASSETS
Current Assets
	Cash and Cash Equivalents		$	1,386,728	$	788,853
	Accounts Receivable, Net			1,249,649		1,113,279
	Inventories			580,355		415,792
	Assets from Price Risk Management Activities			364,991		48,153
	Income Taxes Receivable			28,013		54,916
	Deferred Income Taxes			-		9,260
	Other			125,626		97,193
		Total		3,735,362		2,527,446
Property, Plant and Equipment
	Oil and Gas Properties (Successful Efforts Method)			32,196,279		29,263,809
	Other Property, Plant and Equipment			1,993,824		1,733,073
		Total Property, Plant and Equipment		34,190,103		30,996,882
	Less: Accumulated Depreciation, Depletion and Amortization			(13,453,905)		(12,315,982)
		Total Property, Plant and Equipment, Net		20,736,198		18,680,900
Other Assets				323,118		415,887
Total Assets			$	24,794,678	$	21,624,233
	LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
	Accounts Payable		$	1,926,455	$	1,664,944
	Accrued Taxes Payable			157,297		82,168
	Dividends Payable			43,015		38,962
	Liabilities from Price Risk Management Activities			-		28,339
	Deferred Income Taxes			139,646		41,703
	Current Portion of Long-Term Debt			220,000		220,000
	Other			179,910		143,983
		Total		2,666,323		2,220,099
Long-Term Debt				5,007,746		5,003,341
Other Liabilities				768,518		667,455
Deferred Income Taxes				3,858,243		3,501,706
Commitments and Contingencies
Stockholders' Equity
	Common Stock, $0.01 Par, 640,000,000 Shares Authorized and
	269,124,759 Shares Issued at September 30, 2011 and
	254,223,521 Shares Issued at December 31, 2010			202,691		202,542
	Additional Paid In Capital			2,230,600		729,992
	Accumulated Other Comprehensive Income			372,448		440,071
	Retained Earnings			9,711,207		8,870,179
	Common Stock Held in Treasury, 281,595 Shares at September 30, 2011
	and 146,186 Shares at December 31, 2010			(23,098)		(11,152)
		Total Stockholders' Equity		12,493,848		10,231,632
Total Liabilities and Stockholders' Equity			$	24,794,678	$	21,624,233

	EOG RESOURCES, INC.
	SUMMARY STATEMENTS OF CASH FLOWS
	(Unaudited; in thousands)
			Nine Months Ended
			September 30,
			2011		2010
Cash Flows from Operating Activities
Reconciliation of Net Income to Net Cash Provided by Operating Activities:
	Net Income		$	970,425	$	106,981
	Items Not Requiring (Providing) Cash
		Depreciation, Depletion and Amortization		1,822,854		1,398,137
		Impairments		531,413		502,865
		Stock-Based Compensation Expenses		95,057		81,700
		Deferred Income Taxes		499,279		53,067
		Gains on Asset Dispositions, Net		(442,981)		(72,441)
		Other, Net		2,270		(2,317)
	Dry Hole Costs			47,231		45,095
	Mark-to-Market Commodity Derivative Contracts
		Total Gains		(480,539)		(105,816)
		Realized Gains		83,765		25,180
	Other, Net			21,052		13,354
	Changes in Components of Working Capital and Other Assets and Liabilities
		Accounts Receivable		(128,965)		(124,813)
		Inventories		(167,611)		(134,181)
		Accounts Payable		245,385		527,418
		Accrued Taxes Payable		101,239		(40,104)
		Other Assets		(28,600)		(16,051)
		Other Liabilities		37,022		44,348
	Changes in Components of Working Capital Associated with Investing and
	Financing Activities			133,227		(216,695)
Net Cash Provided by Operating Activities				3,341,523		2,085,727
Investing Cash Flows
	Additions to Oil and Gas Properties			(4,665,535)		(3,740,883)
	Additions to Other Property, Plant and Equipment			(502,112)		(223,072)
	Proceeds from Sales of Assets			1,294,627		126,371
	Changes in Components of Working Capital Associated with Investing
	Activities			(133,512)		216,546
	Other, Net			-		(4,206)
Net Cash Used in Investing Activities				(4,006,532)		(3,625,244)
Financing Cash Flows
	Common Stock Sold			1,388,270		-
	Net Commercial Paper Borrowings			-		33,700
	Long-term Debt Borrowings			-		991,395
	Long-term Debt Repayments			-		(37,000)
	Dividends Paid			(124,133)		(114,277)
	Treasury Stock Purchased			(21,357)		(10,298)
	Proceeds from Stock Options Exercised and Employee Stock Purchase Plan			26,887		24,527
	Debt Issuance Costs			-		(6,469)
	Other, Net			285		149
Net Cash Provided by Financing Activities				1,269,952		881,727
Effect of Exchange Rate Changes on Cash				(7,068)		(129)
Increase (Decrease) in Cash and Cash Equivalents				597,875		(657,919)
Cash and Cash Equivalents at Beginning of Period				788,853		685,751
Cash and Cash Equivalents at End of Period			$	1,386,728	$	27,832

EOG RESOURCES, INC.
QUANTITATIVE RECONCILIATION OF ADJUSTED NET INCOME (NON-GAAP)
TO NET INCOME (LOSS) (GAAP)
(Unaudited; in thousands, except per share data)
The following chart adjusts three-month and nine-month periods ended September 30, 2011 and 2010 reported Net Income (Loss) (GAAP) to reflect actual net cash realized from financial commodity price transactions by eliminating the unrealized mark-to-market gains from these transactions, to add back impairment charges related to certain of EOG's North American natural gas assets in the first nine months of 2011 and third quarter of 2010, to eliminate the net gains on asset dispositions primarily in North America in the first nine months of 2011 and 2010, and to eliminate the change in the estimated fair value of a contingent consideration liability in 2010 related to EOG's previously disclosed acquisition of Haynesville and Bossier Shale unproved acreage. EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who adjust reported company earnings to match realizations to production settlement months and make certain other adjustments to exclude one-time items. EOG management uses this information for comparative purposes within the industry.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2011		2010		2011		2010
Reported Net Income (Loss) (GAAP)		$	540,878	$	(70,906)	$	970,425	$	106,981
Mark-to-Market (MTM) Commodity Derivative Contracts Impact
	Total Gains		(357,664)		(60,998)		(480,539)		(105,816)
	Realized Gains (Losses)		52,480		(13,647)		83,765		25,180
	Subtotal		(305,184)		(74,645)		(396,774)		(80,636)
	After-Tax MTM Impact		(195,394)		(47,791)		(254,035)		(51,627)
Add: Impairments of Certain North American Natural Gas Assets, Net of Tax			10,654		208,331		267,114		208,331
Less: Gains on Asset Dispositions, Net of Tax			(132,895)		(41,494)		(284,005)		(46,381)
Less: Change in Fair Value of Contingent Consideration Liability, Net of Tax			-		(1,587)		-		(12,941)
Adjusted Net Income (Non-GAAP)		$	223,243	$	46,553	$	699,499	$	204,363
Net Income (Loss) Per Share (GAAP)
	Basic	$	2.03	$	(0.28)	$	3.71	$	0.43
	Diluted	$	2.01	$	(0.28)	$	3.66	$	0.42
Adjusted Net Income Per Share (Non-GAAP)
	Basic	$	0.84	$	0.19	$	2.67	$	0.82
	Diluted	$	0.83	$	0.18	$	2.64	$	0.80
Average Number of Shares (GAAP)
	Basic		266,053		251,015		261,664		250,719
	Diluted		269,292		251,015		265,245		254,444
Average Number of Shares (Non-GAAP)
	Basic		266,053		251,015		261,664		250,719
	Diluted		269,292		254,572		265,245		254,444

EOG RESOURCES, INC.
QUANTITATIVE RECONCILIATION OF DISCRETIONARY CASH FLOW (NON-GAAP)
TO NET CASH PROVIDED BY OPERATING ACTIVITIES (GAAP)
(Unaudited; in thousands)
The following chart reconciles the three-month and nine-month periods ended September 30, 2011 and 2010 Net Cash Provided by Operating Activities (GAAP) to Discretionary Cash Flow (Non-GAAP). EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who adjust Net Cash Provided by Operating Activities for Exploration Costs (excluding Stock-Based Compensation Expenses), Changes in Components of Working Capital and Other Assets and Liabilities, and Changes in Components of Working Capital Associated with Investing and Financing Activities. EOG management uses this information for comparative purposes within the industry.
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2011		2010		2011		2010
Net Cash Provided by Operating Activities (GAAP)			$	1,272,283	$	784,387	$	3,341,523	$	2,085,727
Adjustments
	Exploration Costs (excluding Stock-Based Compensation Expenses)			40,624		40,095		121,166		130,598
	Changes in Components of Working Capital and Other Assets and Liabilities
		Accounts Receivable		(36,335)		85,538		128,965		124,813
		Inventories		40,549		66,818		167,611		134,181
		Accounts Payable		(56,135)		(272,540)		(245,385)		(527,418)
		Accrued Taxes Payable		(6,928)		34,093		(101,239)		40,104
		Other Assets		23,804		(8,448)		28,600		16,051
		Other Liabilities		(49,039)		(55,278)		(37,022)		(44,348)
	Changes in Components of Working Capital Associated
		with Investing and Financing Activities		(56,587)		80,722		(133,227)		216,695
Discretionary Cash Flow (Non-GAAP)			$	1,172,236	$	755,387	$	3,270,992	$	2,176,403

EOG RESOURCES, INC.
QUANTITATIVE RECONCILIATION OF NET DEBT (NON-GAAP) AND TOTAL
CAPITALIZATION (NON-GAAP) AS USED IN THE CALCULATION OF
THE NET DEBT-TO-TOTAL CAPITALIZATION RATIO (NON-GAAP)
TO CURRENT AND LONG-TERM DEBT (GAAP) AND TOTAL CAPITALIZATION (GAAP)
(Unaudited; in millions, except ratio data)
The following chart reconciles Current and Long-Term Debt (GAAP) to Net Debt (Non-GAAP) and Total Capitalization (GAAP) to Total Capitalization (Non-GAAP), as used in the Net Debt-to-Total Capitalization ratio calculation. A portion of the cash is associated with international subsidiaries; tax considerations may impact debt paydown. EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who utilize Net Debt and Total Capitalization (Non-GAAP) in their Net Debt-to-Total Capitalization ratio calculation. EOG management uses this information for comparative purposes within the industry.
		September 30,
		2011
	Total Stockholders' Equity - (a)	$	12,494
	Current and Long-Term Debt - (b)		5,227
	Less: Cash		(1,387)
	Net Debt (Non-GAAP) - (c)		3,840
	Total Capitalization (GAAP) - (a) + (b)	$	17,721
	Total Capitalization (Non-GAAP) - (a) + (c)	$	16,334
	Debt-to-Total Capitalization (GAAP) - (b) / [(a) + (b)]		29%
	Net Debt-to-Total Capitalization (Non-GAAP) - (c) / [(a) + (c)]		24%