Key questions and answers from the second quarter earnings call conducted by EOG Resources, Inc. (EOG: chart) on August 3, 2007.

Thomas Gardner (Simmons & Company): With the recent success you have had in increasing your Bakken oil production and the rig count there, is there any desire to create a more balance product mix?

Mark G.: We are optimistic on the oil side, so we signalled our operating divisions to see if we can shift the balance of our portfolio organically to a bit more oil mix.

Thomas Gardner (Simmons & Company): Can you give us views on the outlook for the oil versus gas?

Mark G.: We are pretty sanguine about the outlook for crude oils in terms of just looking at overall worldwide supply and demand. We think that most predictions out there are missing the boat on the non-OpEx supply growth.

Thomas Gardner (Simmons & Company): Can you comment on this completion technology that is leading to higher rates and recovery in the Barnett?

Mark G. Papa: Conceptually we don’t disclose a lot of information on our Barnett completion technology because we believe we have a competitive edge because our competitors are not getting the quality of wells that we have.

Thomas Gardner (Simmons & Company): Are you planning on keeping the deep rights on the Appalachia sale?

Mark G. Papa: Yes.

Gil Yang (Citigroup): What were the Bakken well costs and the decline rate as well?

Mark G. Papa: The well cost were about the same for the wells earlier in the year as they are now. We just improved the well quality. The decline curves are similar to the Barnett. The 1,600 barrels a day rates that we put in are not consistant rates.

Gil Yang (Citigroup): Can you comment on the pricing that you are getting on the Trinidad, Block 4(a) contract?

Mark G. Papa: It will be linked to a basket of commodities such as ammonia and methanol primarily. So, it is linked to Caribbean FOB prices for some of the not indigenous items down there.

Brian Singer (Goldman Sachs): What portion of your acreage did you test in the Bakken ? Do you any opportunity to lock up additional acreage surrounding what you already have?

Loren M. Leiker: We have about 13 wells drilled and we have also shot about 300 square miles of 3-D. We have also increased the estimate from the 30 million to 70 million, to 50 million to 70 million. We are optimistic about our acreage and are still accreting acres in the area.

Brian Singer (Goldman Sachs): Are there any updates on Canadian Shale drilling over the last couple of quarters?

Loren M. Leiker: We mentioned last year that we had about 8,000 acres in a Canadian Shale play, and at that time we attributed somewhere between 1.2 and 2.4 Tcf net reserves. We also said that we were completing a vertical well and had planned to drill a horizontal well in the first quarter of this year. We do plan to update the community in November.

Brian Kuzma (JP Morgan): What is the average of the lateral length you are running in the Bakken play?

Loren M. Leiker: It is At 4,000 feet.

Brian Kuzma (JP Morgan): In Appalachia you are still going after the Marcellus Shale play, is that part of the deeper acreage?