EOG said it received net cash of $61 million in Q3 2024 from settlements of Financial Commodity Derivative Contracts. The company said it accounts for these contracts using the mark-to-market accounting method.

1. 01

   EOG said it received net cash of $61 million in Q3 2024 from settlements of Financial Commodity Derivative Contracts. The company said it accounts for these contracts using the mark-to-market accounting method.

2. 02

   EOG said it received no cash in Q3 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

   EOG said West Texas Intermediate crude oil on the NYMEX averaged $75.16 per barrel, and natural gas at Henry Hub averaged $2.16 per million British thermal units, for the quarter ended September 30, 2024.

4. 04

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

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