The plays that the company had are acting as predicted. Those are the North Dakota oil Bakken play which EOG still believes has the same reserve size of 40 million to 70 million barrels of oil. The South Texas horizontal play, which is a half of Tcf net, and then there are new plays.

Do you think there is anything in the January and February data for weather or freeze off impacting onshore production that is unusual?

The company does not think there is much in the January data. February was cold but not enough to change the trend.

Western County Barnett had a target by year-end of being at completed well costs, 1.25 million. Is it still on track?

Yes.

An 11% debt to book cap is low. Given your cost of capital and the improvement in your rating and the returns you are getting, do you have any thought to increase spending activities given the returns you are getting versus cost of capital?

The constraint is just people. If the company was to increase the activity, the logical place to do it would be in the Barnett. At about the 400 wells EOG is maxed out on people, which is the limitation right now. At this stage, ramping up activity is something that above the $3.4 billion the company is not likely to do.

You were selling some acreage in West Texas. Could you comment on that, and does that suggest that you are beginning to look beyond what that area holds as an opportunity?

The West Texas Shale play was one of the lowest-ranked plays that EOG had, out of the ones that it had discussed. The company will not make any other comments relating to the shale plays at this time.