Stockholder's Equity

12 Months Ended

Dec. 31, 2012

Notes To Financial Statements [Abstract]

Stockholder's Equity [Text Block]

3.  Stockholders' Equity

Common Stock.  On March 7, 2011, EOG completed the public offering and sale of 13,570,000 shares of EOG common stock, par value $0.01 per share (Common Stock), at the public offering price of $105.50 per share.  Net proceeds from the sale of the Common Stock were approximately $1,388 million after deducting the underwriting discount and offering expenses.  Proceeds from the sale were used for general corporate purposes, including funding capital expenditures.

In September 2001, EOG's Board of Directors (Board) authorized the purchase of an aggregate maximum of 10 million shares of Common Stock that superseded all previous authorizations.  At December 31, 2012, 6,386,200 shares remained available for purchase under this authorization.  EOG last purchased shares of its Common Stock under this authorization in March 2003.  In addition, shares of Common Stock are from time to time withheld by, or returned to, EOG in satisfaction of tax withholding obligations arising upon the exercise of employee stock options or stock-settled stock appreciation rights, the vesting of restricted stock or restricted stock unit grants or in payment of the exercise price of employee stock options.  Such shares withheld or returned do not count against the Board authorization discussed above.  Shares purchased, withheld and returned are held in treasury for, among other purposes, fulfilling any obligations arising under EOG's stock plans and any other approved transactions or activities for which such shares of Common Stock may be required.

The Board increased the quarterly cash dividend on the Common Stock to $0.16 per share on February 17, 2011, $0.17 per share on February 16, 2012 and $0.1875 on February 13, 2013.

The following summarizes Common Stock activity for each of the years ended December 31, 2010, 2011 and 2012 (in thousands):

		Common Shares
		Issued	Treasury	Outstanding
Balance at December 31, 2009		252,627	(118)	252,509
	Common Stock Issued Under Equity Compensation Plans	1,482	-	1,482
	Treasury Stock Purchased (1)	-	(115)	(115)
	Common Stock Issued Under Employee Stock Purchase Plan	114	-	114
	Treasury Stock Issued Under Other Equity Compensation Plans	-	87	87
Balance at December 31, 2010		254,223	(146)	254,077
	Common Stock Issued Under Equity Compensation Plans	1,395	-	1,395
	Treasury Stock Purchased (1)	-	(267)	(267)
	Common Stock Issued Under Employee Stock Purchase Plan	135	-	135
	Treasury Stock Issued Under Other Equity Compensation Plans	-	109	109
	Common Stock Sold	13,570	-	13,570
Balance at December 31, 2011		269,323	(304)	269,019
	Common Stock Issued Under Equity Compensation Plans	2,471	-	2,471
	Treasury Stock Purchased (1)	-	(575)	(575)
	Common Stock Issued Under Employee Stock Purchase Plan	164	-	164
	Treasury Stock Issued Under Other Equity Compensation Plans	-	553	553
Balance at December 31, 2012		271,958	(326)	271,632

(1) Represents shares that were withheld by, or returned to, EOG in satisfaction of tax withholding obligations that arose upon the exercise of employee stock options or stock-settled stock appreciation rights, the vesting of restricted stock or restricted stock unit grants or in payment of the exercise price of employee stock options.

Preferred Stock.  EOG currently has one authorized series of preferred stock.  In February 2000, EOG's Board, in connection with a rights agreement, authorized 1,500,000 shares of the Series E Junior Participating Preferred Stock (Series E preferred stock).  In February 2005, EOG's Board increased the authorized shares of the Series E preferred stock to 3,000,000 in connection with the two-for-one stock split of the Common Stock effected in March 2005.  The rights agreement and the related preferred share purchase rights expired on February 24, 2010.  As of December 31, 2012, there were no shares of the Series E preferred stock outstanding.