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%