EOG Resources Completes Public Offering of Common Stock (USA)

 

EOG Resources, Inc. announced that it has completed its previously announced public offering of 13,570,000 shares of common stock, including 1,770,000 shares issued upon full exercise of the underwriters’ over-allotment option, at a public offering price of $105.50 per share.

EOG’s net proceeds from the offering of approximately $1.39 billion (after deducting the underwriting discount and estimated offering expenses) are expected to be used for general corporate purposes, including funding of future capital expenditures.

EOG is an independent (non-integrated) crude oil and natural gas company with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China.

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Source: EOG Resources, March 8, 2011;

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