EOG said it received net cash of $55 million in the Q1 2024 from settlements of Financial Commodity Derivative Contracts. These contracts include price swaps, options, swaptions, collars and basis swaps.

1. 01

   EOG said it received net cash of $55 million in the Q1 2024 from settlements of Financial Commodity Derivative Contracts. These contracts include price swaps, options, swaptions, collars and basis swaps.

2. 02

   EOG said it received no cash related to its 10-year natural gas sales agreement linked to Brent crude oil prices (Brent-linked Sales Agreement). The company said deliveries are expected to commence in January 2027.

3. 03

   The company said that for the quarter ended March 31, 2024, NYMEX West Texas Intermediate crude oil averaged $76.97 per barrel, and NYMEX natural gas at Henry Hub averaged $2.24 per million British thermal units.

4. 04

   The company said its actual realizations for crude oil and natural gas for the quarter ended March 31, 2024 differ from NYMEX prices due to delivery location (basis), quality and appropriate revenue adjustments. It said its actual realizations for natural gas liquids (NGLs) are influenced by the components extracted and the market pricing for each component.

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Original filing

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