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Earnings Calls: 
EOG Resources Earnings Call, Fourth Quarter 2008
Author: Albena Toncheva
123jump.com
Last Update: 3:03 PM ET February 16 2009

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Fourth quarter adjusted net income available to common stockholders was $186 million or $0.74 per share and $1.9 billion or $7.50 for the full year. Bcf for the quarter was $911 million and $4.6 billion for the full year. Operating revenue rose to $1.63 billion from $1.29 billion a year ago.


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Tim Driggers: As far as the shift between deferred and current – it''s simply a shift in the decreasing gas prices and less taxable income and higher mark-to-market being reversed out.

Leo Mariani (RBC): You talked about $4.5 million well costs in the Bakken light area. What do you see for well costs in the core? Have those changed at all?

Tim Driggers: Yes, they''ve come down. I guess probably last year we averaged about $5.4 million and they''re down to about $4.8 million now and we''ve expect to see the $4.5 million well cost there, really the core as well as the branch, maybe little lesser on the branch.
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