EOG Resources, Kazakhstan Oil Exports: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CORPORATE
EOG Pays $847 Million to Settle Third-Quarter Hedges - Shale oil and gas producer EOG Resources Incorporated (NYSE:EOG) (Houston, Texas) paid $847 million during the third quarter to settle wrong-way bets on energy prices, the company said in a regulatory filing on Tuesday. To protect themselves from volatility, oil and gas producers often enter hedging contracts, which guarantee sales at a fixed price in the future. Producers who lock in sales at lower prices or purchases at higher than current prices, lose to settle the differences. (Reuters)

NATURAL GAS
U.S. Natural Gas Rises 2.5% - U.S. natural gas futures rose 2.5% on Tuesday from a near three-month low in the prior session on forecasts for higher gas demand over the next two weeks than previously expected and renewed concerns about a possible rail strike. Front-month gas futures rose 16.1 cents to settle at $6.596 per million British thermal units on the New York Mercantile Exchange. On Monday, the contract closed at $6.435, its lowest since July 12. (Reuters)

CRUDE OIL
Kazakhstan Crude Oil Exports Fall January-September - Kazakhstan's crude exports fell 4% to 46.8 million metric tons from January through September this year, Energy Minister Bulat Akchulakov said on Tuesday. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).