Stockholder's Equity

12 Months Ended

Dec. 31, 2013

Stockholders' Equity [Abstract]

Stockholder's Equity

3.  Stockholders' Equity

Common Stock.  On March 7, 2011, EOG completed the public offering and sale of 13,570,000 shares of EOG common stock, par value $0.01 per share (Common Stock), at the public offering price of $105.50 per share.  Net proceeds from the sale of the Common Stock were approximately $1,388 million after deducting the underwriting discount and offering expenses.  Proceeds from the sale were used for general corporate purposes, including funding capital expenditures.

In September 2001, EOG's Board of Directors (Board) authorized the purchase of an aggregate maximum of 10 million shares of Common Stock that superseded all previous authorizations.  At December 31, 2013, 6,386,200 shares remained available for purchase under this authorization.  EOG last purchased shares of its Common Stock under this authorization in March 2003.  In addition, shares of Common Stock are from time to time withheld by, or returned to, EOG in satisfaction of tax withholding obligations arising upon the exercise of employee stock options or stock-settled stock appreciation rights (SARs), the vesting of restricted stock or restricted stock unit grants or in payment of the exercise price of employee stock options.  Such shares withheld or returned do not count against the Board authorization discussed above.  Shares purchased, withheld and returned are held in treasury for, among other purposes, fulfilling any obligations arising under EOG's stock-based compensation plans and any other approved transactions or activities for which such shares of Common Stock may be required.

The Board increased the quarterly cash dividend on the Common Stock to $0.17 per share on February 16, 2012, and to $0.1875 on February 13, 2013.  On February 24, 2014, EOG's Board approved a two-for-one stock split in the form of a stock dividend, payable on March 31, 2014, to stockholders of record as of March 17, 2014.  Also on February 24, 2014, the Board increased the quarterly cash dividend on the common stock by 33% to $0.125 per share post-split ($0.25 per share pre-split), effective beginning with the dividend to be paid on April 30, 2014, to stockholders of record as of April 16, 2014.

The following summarizes Common Stock activity for each of the years ended December 31, 2011, 2012 and 2013 (in thousands):

	Common Shares
	Issued		Treasury			Outstanding
Balance at December 31, 2010		254,223		(146	)		254,077
Common Stock Issued Under Stock-Based Compensation Plans		1,395		-			1,395
Treasury Stock Purchased (1)		-		(267	)		(267	)
Common Stock Issued Under Employee Stock Purchase Plan		135		-			135
Treasury Stock Issued Under Stock-Based Compensation Plans		-		109			109
Common Stock Sold		13,570		-			13,570
Balance at December 31, 2011		269,323		(304	)		269,019
Common Stock Issued Under Stock-Based Compensation Plans		2,471		-			2,471
Treasury Stock Purchased (1)		-		(575	)		(575	)
Common Stock Issued Under Employee Stock Purchase Plan		164		-			164
Treasury Stock Issued Under Stock-Based Compensation Plans		-		553			553
Balance at December 31, 2012		271,958		(326	)		271,632
Common Stock Issued Under Stock-Based Compensation Plans		1,103		-			1,103
Treasury Stock Purchased (1)		-		(427	)		(427	)
Common Stock Issued Under Employee Stock Purchase Plan		128		-			128
Treasury Stock Issued Under Stock-Based Compensation Plans		-		650			650
Balance at December 31, 2013		273,189		(103	)		273,086

(1) Represents shares that were withheld by, or returned to, EOG in satisfaction of tax withholding obligations that arose upon the exercise of employee stock options or SARs, the vesting of restricted stock or restricted stock unit grants or in payment of the exercise price of employee stock options.

Preferred Stock.  EOG currently has one authorized series of preferred stock.  As of December 31, 2013, there were no shares of preferred stock outstanding.