UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 26, 2010 (May
20, 2010)
EOG RESOURCES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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1-9743
(Commission File Number)
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47-0684736
(I.R.S. Employer Identification No.)
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1111 Bagby, Sky Lobby 2
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
713-651-7000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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EOG RESOURCES, INC.
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Item 1.01
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Entry Into a Material Definitive Agreement.
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On May 20, 2010, EOG Resources, Inc. (EOG) closed its sale of $500 million aggregate principal
amount of its 2.95% Senior Notes due 2015 (2015 Notes) and $500 million aggregate principal amount
of its 4.40% Senior Notes due 2020 (2020 Notes and, together with the 2015 Notes, the Notes). The
Notes were issued under an indenture, dated as of May 18, 2009 (Indenture), by and between EOG, as
issuer, and Wells Fargo Bank, NA, as trustee, and an officers certificate, dated May 20, 2010,
pursuant to the Indenture setting forth the specific terms of the Notes.
The offer and sale of the Notes has been registered under the Securities Act of 1933, as
amended, pursuant to a Registration Statement on Form S-3 (Registration No. 333-163947) filed with
the United States Securities and Exchange Commission on December 22, 2009.
The Indenture, the officers certificate, the form of global note for the 2015 Notes and the
form of global note for the 2020 Notes are filed as Exhibits 4.1,
4.2, 4.3 and 4.4 hereto,
respectively, and are incorporated herein by reference.
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Item 7.01
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Regulation FD Disclosure.
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I. Price Risk Management
With the objective of enhancing the certainty of future revenues, from time to time EOG
enters into New York Mercantile Exchange (NYMEX) related financial collar, price swap and basis
swap contracts. EOG accounts for financial commodity derivative contracts using the mark-to-market
accounting method. In addition to financial transactions, from time to time EOG is a party to
various physical commodity contracts for the sale of hydrocarbons that cover varying periods of
time and have varying pricing provisions. The financial impact of these physical commodity
contracts is included in revenues at the time of settlement, which in turn affects average realized
hydrocarbon prices.
II. Natural Gas Financial Collar, Price Swap and Basis Swap Contracts
EOG has not entered into any additional natural gas financial collar, price swap or basis swap
contracts since EOG filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 on
May 4, 2010 which provided an update and comprehensive summary of all such contracts as of that
date.
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III. Crude Oil Financial Price Swap Contracts
Presented below is a comprehensive summary of EOGs crude oil financial price swap contracts
at May 25, 2010, with notional volumes expressed in barrels per day (Bbld) and prices in dollars
per barrel ($/Bbl). The average price of EOGs crude oil financial price swap contracts
outstanding is $91.50 per barrel for the period from September 1, 2010 to December 31, 2010 and
$93.18 per barrel for the year 2011.
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Crude Oil Financial Price Swap Contracts
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Weighted
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Average
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Volume
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Price
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(Bbld)
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($/Bbl)
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2010
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September
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2,000
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$
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91.50
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October
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2,000
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91.50
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November
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2,000
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91.50
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December
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2,000
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91.50
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2011
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January
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6,000
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$
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93.18
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February
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6,000
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93.18
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March
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6,000
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93.18
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April
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6,000
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93.18
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May
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6,000
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93.18
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June
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6,000
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93.18
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July
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6,000
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93.18
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August
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6,000
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93.18
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September
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6,000
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93.18
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October
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6,000
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93.18
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November
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6,000
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93.18
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December
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6,000
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93.18
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
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4.1
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Indenture, dated as of May 18, 2009, by and between EOG and Wells Fargo
Bank, NA, as Trustee (incorporated by reference to Exhibit 4.9 to EOGs
Registration Statement on Form S-3, Registration No. 333-159301, filed May
18, 2009).
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*4.2
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Officers Certificate Establishing 2.95% Senior Notes due 2015 and 4.40%
Senior Notes due 2020, dated May 20, 2010.
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*4.3
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Form of Global Note with respect to the 2.95% Senior Notes due 2015 of EOG.
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*4.4
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Form of Global Note with respect to the 4.40% Senior Notes due 2020 of EOG.
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Exhibits filed herewith
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3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EOG RESOURCES, INC.
(Registrant)
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Date: May 26, 2010
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By:
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/s/ TIMOTHY K. DRIGGERS
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Timothy K. Driggers
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Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer
and Duly Authorized Officer)
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EXHIBIT INDEX
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Exhibit No.
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Description
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4.1
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Indenture, dated as of May 18, 2009, by and between EOG and Wells Fargo
Bank, NA, as Trustee (incorporated by reference to Exhibit 4.9 to EOGs
Registration Statement on Form S-3, Registration No. 333-159301, filed May
18, 2009).
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*4.2
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Officers Certificate Establishing 2.95% Senior Notes due 2015 and 4.40%
Senior Notes due 2020, dated May 20, 2010.
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*4.3
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Form of Global Note with respect to the 2.95% Senior Notes due 2015 of EOG.
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*4.4
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Form of Global Note with respect to the 4.40% Senior Notes due 2020 of EOG.
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Exhibits filed herewith
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EXHIBIT 4.2
EOG Resources, Inc.
Officers Certificate
Establishing 2.95% Senior Notes due 2015
and 4.40% Senior Notes due 2020
The undersigned, Timothy K. Driggers, Vice President and Chief Financial Officer, and Helen Y.
Lim, Vice President and Treasurer, of EOG Resources, Inc., a Delaware corporation (the
Company
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hereby certify, pursuant to Sections 102 and 301 of the Indenture, dated as of May 18, 2009 (the
Indenture
), between the Company and Wells Fargo Bank, NA, as trustee (the
Trustee
), that the
Chairman of the Board and Chief Executive Officer, the Vice President and Chief Financial Officer
and the Vice President and Treasurer of the Company approved, pursuant to the resolutions of the
Board of Directors of the Company dated April 29, 2010, the terms of two series of Securities to be
issued under the Indenture, and the forms thereof, and such terms are as follows:
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Designation of Securities:
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2.95% Senior Notes due 2015 (the
2015 Notes
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4.40% Senior Notes due 2020 (the
2020 Notes
and, together with the 2015 Notes, the
Notes
).
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The 2015 Notes and the 2020 Notes are being
issued as two separate series.
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Aggregate Principal Amount:
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$500,000,000 aggregate principal amount of
2015 Notes and $500,000,000 aggregate
principal amount of 2020 Notes. The Company
may reopen either or both series of Notes for
additional issuances from time to time
pursuant to the terms of the Indenture.
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Denominations:
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$2,000 and any integral multiple of $1,000 in
book-entry form only.
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Stated Maturity Date:
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The 2015 Notes will mature on June 1, 2015.
The 2020 Notes will mature on June 1, 2020.
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Interest Rate:
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2.95% per annum from May 20, 2010 with respect
to the 2015 Notes and 4.40% per annum from May
20, 2010 with respect to the 2020 Notes.
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Interest Payment Dates:
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June 1 and December 1 of each year beginning
on December 1, 2010.
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Regular Record Dates:
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May 15 or November 15 immediately preceding an
Interest Payment Date.
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- 1 -
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Optional Redemption:
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The Company may redeem some or all of the
Notes at any time and from time to time prior
to their maturity, at its option, at a
Redemption Price equal to the greater of:
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100% of the principal amount of the
Notes then outstanding to be redeemed; or
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the sum of the present values of the
remaining scheduled payments of principal and
interest on the Notes to be redeemed (not
including any portion of such payments of
interest accrued to the date of redemption)
discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the
applicable Treasury Rate plus 15 basis points
in the case of the 2015 Notes and 20 basis
points in the case of the 2020 Notes;
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plus, in each case, accrued and unpaid
interest on the principal amount being
redeemed to the Redemption Date.
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Treasury Rate
means, with respect to any
Redemption Date: (1) the rate per annum equal
to the yield, under the heading which
represents the average for the immediately
preceding week, appearing in the most recently
published statistical release designated
H.15(519) or any successor publication which
is published weekly by the Board of Governors
of the Federal Reserve System and which
establishes yields on actively traded U.S.
Treasury securities adjusted to constant
maturity under the caption Treasury Constant
Maturities, for the maturity corresponding to
the comparable treasury issue (if no maturity
is within three months before or after the
remaining life (as defined below), yields for
the two published maturities most closely
corresponding to the comparable treasury issue
will be determined and the treasury rate will
be interpolated or extrapolated from such
yields on a straight line basis, rounding to
the nearer month); or (2) if such release (or
any successor release) is not published during
the week preceding the calculation date or
does not contain such yields, the rate per
annum equal to the semiannual equivalent yield
to
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maturity of the comparable treasury issue,
calculated using a price for the comparable
treasury issue (expressed as a percentage of
its principal amount) equal to the comparable
treasury price for such Redemption Date.
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The Treasury Rate will be calculated on the
third Business Day preceding the date fixed
for redemption.
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Comparable Treasury Issue
means the U.S.
Treasury security selected by an independent
investment banker as having a maturity
comparable to the remaining term (remaining
life) of the Notes to be redeemed that would
be utilized, at the time of selection and in
accordance with customary financial practice,
in pricing new issues of corporate debt
securities of comparable maturity to the
remaining term of such Notes.
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Comparable Treasury Price
means (1) the
average of five reference treasury dealer
quotations for such Redemption Date, after
excluding the highest and lowest reference
treasury dealer quotations, or (2) if the
independent investment banker obtains fewer
than four such reference treasury dealer
quotations, the average of all such
quotations.
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Independent Investment Banker
means any of
Barclays Capital Inc., J.P. Morgan Securities
Inc. or UBS Securities LLC (or their
respective successors ) as specified by the
Company, or, if these firms are unwilling or
unable to select the comparable treasury
issue, an independent investment banking
institution of national standing appointed by
the Company.
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Reference Treasury Dealer
means (1) Barclays
Capital Inc., J.P. Morgan Securities Inc. or
UBS Securities LLC and their respective
successors, provided, however, that if any of
the foregoing shall cease to be a primary U.S.
government securities dealer in the United
States (a primary treasury dealer), the
Company will substitute therefor another
primary treasury dealer and (2) any three
other primary treasury dealers selected by the
Company after consultation with the
independent
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investment banker.
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Reference Treasury Dealer Quotations
means,
with respect to each reference treasury dealer
and any Redemption Date, the average, as
determined by the independent investment
banker, of the bid and asked prices for the
comparable treasury issue (expressed in each
case as a percentage of its principal amount)
quoted in writing to the independent
investment banker at 5:00 p.m., New York City
time, on the third Business Day preceding such
Redemption Date.
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Notice of any redemption will be mailed
first-class, postage-prepaid at least 30 days
but not more than 60 days before the
Redemption Date to each holder of the Notes to
be redeemed. Unless the Company defaults in
payment of the Redemption Price, on and after
the Redemption Date, interest will cease to
accrue on the Notes or portions thereof called
for redemption. If less than all of the Notes
are to be redeemed, the Notes to be redeemed
shall be selected by lot by the trustee or by
such other method as the trustee deems to be
fair and appropriate. If any Note is to be
redeemed in part only, the notice of
redemption that relates to the Note will state
the portion of the principal amount of the
Note to be redeemed. A new Note in a
principal amount equal to the unredeemed
portion of the Note will be issued in the name
of the holder of the Note upon surrender for
cancellation of the original Note.
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Trustee:
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Wells Fargo Bank, NA.
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Place of Payment:
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The Company will make payments due on the
Notes to Cede & Co., as nominee of The
Depository Trust Company, or as otherwise may
be permitted by the Indenture and the Notes.
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Global Securities:
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Each series of Notes shall be issued as one or
more Global Securities. The Depository Trust
Company shall be the Depository.
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Events of Default:
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In an Event of Default, the principal of the
Notes may be declared due and payable in the
manner and in the effect provided in the
Indenture.
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Settlement:
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Payments in respect of principal of and
interest on the Notes shall be made by the
Company in immediately available funds.
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Forms of Notes:
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Attached hereto as Annex A, and incorporated
herein by reference.
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Each of the undersigned hereby certify that:
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1.
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I have read Sections 102, 301 and 303 of the Indenture and the definitions in the
Indenture relating thereto.
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2.
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The statements made herein are based either upon my personal knowledge or on
information, data and reports furnished to me by the officers, counsel or employees of the
Company who have knowledge of the relevant facts.
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3.
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In my opinion, I have made such examination or investigation as is necessary to enable
me to express an informed opinion as to whether or not all conditions provided for in the
Indenture with respect to the determination of the terms of the Notes and the forms
thereof, and the authentication and delivery of the Notes, have been complied with.
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4.
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In my opinion, all conditions precedent to the determination of the terms and forms of
the Notes and to the authentication by the Trustee of $500,000,000 aggregate principal
amount of 2015 Notes and $500,000,000 aggregate principal amount of 2020 Notes thereof have
been complied with and such Notes may be delivered in accordance with the Indenture.
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Capitalized terms not otherwise defined herein have the meaning provided in the Indenture.
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IN WITNESS WHEREOF, the undersigned have hereunto signed their respective names on this
20
th
day of May, 2010.
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/s/ Timothy K. Driggers
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Timothy K. Driggers
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Vice President and
Chief Financial Officer
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/s/ Helen Y. Lim
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Helen Y. Lim
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Vice President and Treasurer
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[ANNEX A OMITTED]
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EXHIBIT 4.3
FORM OF GLOBAL NOTE 2.95% SENIOR NOTE DUE 2015
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (DTC) OR CEDE &
CO., ITS NOMINEE (CEDE & CO.). THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE
NAME OF ANY PERSON OTHER THAN DTC OR CEDE & CO. OR ANOTHER NOMINEE OF DTC, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
THEREIN.
EOG RESOURCES, INC.
2.95% SENIOR NOTE DUE 2015
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No. __
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$
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CUSIP No. 26875PAF8
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EOG Resources, Inc., a corporation duly organized and existing under the laws of Delaware
(herein called the Company, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as the nominee
of The Depository Trust Company, or registered assigns, the principal sum of
($
) on June 1, 2015 and to pay interest thereon from May 20, 2010 or from the most
recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on
June 1 and December 1 in each year (or if any such date is not a Business Day, the next succeeding
Business Day), commencing December 1, 2010, at the rate of 2.95% per annum, until the principal
hereof is paid or made available for payment.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the May 15 or November 15 (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and
may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Payment of the principal of and interest on this
Security will be made at the office or agency of the Company maintained for that purpose in
Houston, Texas, in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts;
provided, however
, that at the option of
the Company payment of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register;
provided, further, however
, that in
case this Security is held by a Depository or its nominee, payment of principal, interest and
premium, if any, shall be made by wire transfer of immediately available funds to an account
designated by such Depository.
Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.
Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.
2
IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.
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Dated: May 20, 2010
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EOG Resources, Inc.
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Helen Y. Lim
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Vice President and Treasurer
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Attest:
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Corporate Secretary
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3
REVERSE OF SECURITY
This security is one of a duly authorized issue of securities of the Company (herein called
the Securities) issued and to be issued in one or more series under an Indenture, dated as of May
18, 2009 (herein called the Indenture), between the Company and Wells Fargo Bank, NA, as trustee
(herein called the Trustee, which term includes any successor trustee under the Indenture), to
which the Indenture and all indentures supplemental thereto (including as supplemented by an
Officers Certificate pursuant thereto) reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on the face hereof.
Some or all of the Securities of this series are subject to redemption upon not less than 30
days notice by mail, at any time and from time to time prior to their maturity, at the election of
the Company, at a redemption price equal to the greater of a) 100% of the principal amount of the
Securities then outstanding to be redeemed; or b) the sum of the present values of the remaining
scheduled payments of principal and interest on the Securities to be redeemed (not including any
portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption
Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the
applicable Treasury Rate plus 15 basis points,
plus
, in each case, accrued and unpaid interest on
the principal amount being redeemed to the Redemption Date, but interest installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.
In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.
If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains provisions
permitting the Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in
4
exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.
The Indenture contains provisions for defeasance at any time of the entire indebtedness of the
Company on this Security upon compliance by the Company with certain conditions set forth therein,
which provisions apply to this Security.
No reference herein to the Indenture and no provision of this Security or of the Indenture
shall, without the consent of the Holder, alter or impair the right of the Holder, which is
absolute and unconditional, to receive payment of principal of and any premium and interest on this
Security at the times, place and rate, and in the coin or currency, herein prescribed, except for
Section 113 of the Indenture (which limits interest to the maximum amount permissible by law), the
provisions of which are incorporated herein by reference.
As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees.
The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000. As provided in the Indenture and subject
to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series of a different authorized denomination, as
requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.
Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.
All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture (including as may be supplemented by an Officers Certificate).
5
This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
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Dated: May 20, 2010
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Wells Fargo Bank, NA,
as Trustee
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By
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Name
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Authorized Signatory
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6
EXHIBIT 4.4
FORM OF GLOBAL NOTE 4.40% SENIOR NOTE DUE 2020
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (DTC) OR CEDE &
CO., ITS NOMINEE (CEDE & CO.). THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE
NAME OF ANY PERSON OTHER THAN DTC OR CEDE & CO. OR ANOTHER NOMINEE OF DTC, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
THEREIN.
EOG RESOURCES, INC.
4.40% SENIOR NOTE DUE 2020
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No.
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$
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CUSIP No. 26875PAE1
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EOG Resources, Inc., a corporation duly organized and existing under the laws of Delaware
(herein called the Company, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as the nominee
of The Depository Trust Company, or registered assigns, the principal sum of
($
) on June 1, 2020 and to pay interest thereon from May 20, 2010 or from the most
recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on
June 1 and December 1 in each year (or if any such date is not a Business Day, the next succeeding
Business Day), commencing December 1, 2010, at the rate of 4.40% per annum, until the principal
hereof is paid or made available for payment.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the May 15 or November 15 (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and
may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Payment of the principal of and interest on this
Security will be made at the office or agency of the Company maintained for that purpose in
Houston, Texas, in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts;
provided, however
, that at the option of
the Company payment of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register;
provided, further, however
, that in
case this Security is held by a Depository or its nominee, payment of principal, interest and
premium, if any, shall be made by wire transfer of immediately available funds to an account
designated by such Depository.
Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.
Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.
2
IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.
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Dated: May 20, 2010
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EOG Resources, Inc.
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Helen Y. Lim
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Vice President and Treasurer
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Attest:
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Corporate Secretary
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3
REVERSE OF SECURITY
This security is one of a duly authorized issue of securities of the Company (herein called
the Securities) issued and to be issued in one or more series under an Indenture, dated as of May
18, 2009 (herein called the Indenture), between the Company and Wells Fargo Bank, NA, as trustee
(herein called the Trustee, which term includes any successor trustee under the Indenture), to
which the Indenture and all indentures supplemental thereto (including as supplemented by an
Officers Certificate pursuant thereto) reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on the face hereof.
Some or all of the Securities of this series are subject to redemption upon not less than 30
days notice by mail, at any time and from time to time prior to their maturity, at the election of
the Company, at a redemption price equal to the greater of a) 100% of the principal amount of the
Securities then outstanding to be redeemed; or b) the sum of the present values of the remaining
scheduled payments of principal and interest on the Securities to be redeemed (not including any
portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption
Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the
applicable Treasury Rate plus 20 basis points,
plus
, in each case, accrued and unpaid interest on
the principal amount being redeemed to the Redemption Date, but interest installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.
In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.
If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains provisions
permitting the Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in
4
exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.
The Indenture contains provisions for defeasance at any time of the entire indebtedness of the
Company on this Security upon compliance by the Company with certain conditions set forth therein,
which provisions apply to this Security.
No reference herein to the Indenture and no provision of this Security or of the Indenture
shall, without the consent of the Holder, alter or impair the right of the Holder, which is
absolute and unconditional, to receive payment of principal of and any premium and interest on this
Security at the times, place and rate, and in the coin or currency, herein prescribed, except for
Section 113 of the Indenture (which limits interest to the maximum amount permissible by law), the
provisions of which are incorporated herein by reference.
As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees.
The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000. As provided in the Indenture and subject
to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series of a different authorized denomination, as
requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.
Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.
All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture (including as may be supplemented by an Officers Certificate).
5
This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
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Dated: May 20, 2010
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Wells Fargo Bank, NA,
as Trustee
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By
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Name
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Authorized Signatory
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6