In a regulatory filing, the company states: “For the fourth quarter of 2024, EOG received net cash of $19 million from settlements of Financial Commodity Derivative Contracts. There was no cash received related to the Brent-linked Sales Agreement as deliveries are expected to commence in January 2027. For the quarter ended December 31, 2024, U.S. New York Mercantile Exchange West Texas Intermediate crude oil averaged $70.28 per barrel, and NYMEX natural gas at Henry Hub averaged $2.79 per million British thermal units. EOG’s actual realizations for crude oil and natural gas for the quarter ended December 31, 2024, differ from these NYMEX prices due to delivery location (basis), quality and appropriate revenue adjustments.”
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