EOG Earnings Reported

Earnings transcript here. 

From Reuters:

EOG Resources Inc on Wednesday reported a quarterly loss compared with a year-ago profit, as it wrote down the value of Canadian natural gas assets.

Excluding items EOG reported a profit that topped Wall Street expectations, as it pumped a higher amount of more profitable crude oil from formations like the Bakken in south Texas.

The Houston company reported a fourth-quarter loss of $505 million, or $1.88 per share, compared with a profit of $120.7 million, or 45 cents per share, in the same period.

Excluding items like the $849 million writedown of assets, EOG reported earnings of $1.61 per share. Wall Street on average had expected $1.35 per share.

That was a "cut and paste" from the linked article. Note "the Bakken in south Texas."

Press release from EOG.

EOG Resources Reports Outstanding 2012 Results; Increases Eagle Ford and Leonard Reserve Potential; Announces New Texas Delaware Basin Wolfcamp Play; Raises Common Stock Dividend by 10 Percent

From SeekingAlpha:

More on EOG Resources: Q4 beats on all counts as total revenue increases by 9% Y/Y. Crude oil and condensate growth +39% Y/Y, total liquids growth +37%. Increases Eagle Ford potential recoverable reserve estimate by 600MM Boe to 2.2B Boe, plus improvements in Bakken/Three Forks Operations.

From Yahoo!News:

• Achieves 39 Percent Year-Over-Year Total Company Crude Oil and Condensate Growth and 37 Percent Total Liquids Growth
• Reports 10 Percent Total Company Production Growth
• Delivers Strong Year-Over-Year Growth in Non-GAAP Earnings Per Share, Adjusted EBITDAX and Discretionary Cash Flow
• Increases Eagle Ford Potential Recoverable Reserve Estimate by 600 MMBoe to 2.2 BnBoe, Net to EOG
• Highlights Record Eagle Ford Oil Well
• Announces New Wolfcamp Shale Play in Delaware Basin and Increases Leonard Shale Potential Reserves with Total Combined Delaware Basin Potential Reserves of 1.35 BnBoe, Net to EOG
• Realizes Improvements in Bakken/Three Forks Operations
• Delivers 268 Percent Reserve Replacement at Attractive Finding Costs, Excluding Price-Related Reserve Revisions
• Raises Common Stock Dividend for 14^th Time in 14 Years