# EDGAR Filing Document

**Accession Number:** 0000821189
**File Stem:** 0000821189-23-000004
**Filing Date:** 2023-1
**Character Count:** 24268
**Document Hash:** 1c6980396c85b8aa24103c9f2bd24ff2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000821189-23-000004.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0000821189-23-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230112

**ITEM INFORMATION**: Regulation FD Disclosure

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EOG RESOURCES INC
- **CENTRAL INDEX KEY:** 0000821189
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 470684736
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09743
- **FILM NUMBER:** 23526110

**BUSINESS ADDRESS:**
- **STREET 1:** 1111 BAGBY, SKY LOBBY 2
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002
- **BUSINESS PHONE:** 7136517000

**MAIL ADDRESS:**
- **STREET 1:** 1111 BAGBY, SKY LOBBY 2
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENRON OIL & GAS CO
- **DATE OF NAME CHANGE:** 19920703

?xml version="1.0" ? eog-20230112

**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): January 12, 2023

_______________

**EOG RESOURCES, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-9743** | **47-0684736** |
| (State or other jurisdiction<br> of incorporation) | (Commission File<br> Number) | (I.R.S. Employer<br>Identification No.) |

---

**1111 Bagby, Sky Lobby 2** 

**Houston, Texas 77002** 

(Address of principal executive offices) (Zip Code)

**713-651-7000** 

(Registrant's 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:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock, par value $0.01 per share | EOG | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**EOG RESOURCES, INC.**

**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

*I.&nbsp;&nbsp;&nbsp;&nbsp;Price Risk Management*

With the objective of enhancing the certainty of future revenues and cash flows, from time to time EOG enters into financial price swap, option, swaption, collar and basis swap contracts. EOG accounts for financial commodity derivative contracts using the mark-to-market accounting method.

For the fourth quarter of 2022, EOG anticipates a net gain of $233 million on the mark-to-market of its financial commodity derivative contracts. During the fourth quarter of 2022, the net cash paid for settlements of financial commodity derivative contracts was $244 million.

Consistent with EOG's customary practice, in calculating Adjusted Net Income (Loss) (Non-GAAP) for the fourth quarter of 2022, EOG expects to (among other expected adjustments) subtract from reported Net Income (Loss) the anticipated gains of $233 million on the mark-to-market of its financial commodity derivative contracts and the $244 million of net cash paid for settlements of financial commodity derivative contracts, as presented in the summary below (in millions).

---

| | |
|:---|:---|
| | **Three Months Ended<br>December 31, 2022<br>Before Tax** |
| Reported Net Income (Loss) (GAAP) | $\*\* |
| Adjustments: |  |
| &nbsp;&nbsp;&nbsp;Gains on Mark-to-Market Financial Commodity Derivative Contracts | (233) |
| &nbsp;&nbsp;&nbsp;Net Cash Payments for Settlements of Financial Commodity Derivative Contracts | (244) |
| &nbsp;&nbsp;&nbsp;Other Adjustments | \*\* |
| Adjusted Net Income (Loss) (Non-GAAP) | $\*\* |

---

_________________

\*\* To be reported as part of EOG's press release scheduled to be furnished on Form 8-K on February 23, 2023.

For the quarter ended December 31, 2022, NYMEX WTI crude oil averaged $82.63 per Bbl, and NYMEX natural gas at Henry Hub averaged $6.27 per MMBtu. EOG's actual realizations for crude oil and natural gas for the quarter ended December 31, 2022, differ from these NYMEX prices due to delivery location (basis), quality and appropriate revenue adjustments. EOG's actual realizations for NGLs are influenced by the components extracted, including ethane, propane, butane and natural gasoline, among others, and the respective market pricing for each component.

In connection with its financial commodity derivative contracts, EOG had $324 million of collateral posted at December 31, 2022, compared to $686 million of collateral posted at September 30, 2022. The amount of posted collateral will increase or decrease based on fluctuations in forward NYMEX WTI and Henry Hub prices. EOG expects this collateral to be applied to the settlement of financial commodity derivative contracts if market prices remain above contract prices.

------

*II.&nbsp;&nbsp;&nbsp;&nbsp;Financial Commodity Derivative Transactions*

Presented below is a comprehensive summary of EOG's financial commodity derivative contracts as of December 31, 2022. For a summary of EOG's financial commodity derivative contracts as of October 28, 2022, see "Financial Commodity Derivative Transactions" in Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations of EOG's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022, filed on November 3, 2022.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Crude Oil Financial Price Swap Contracts** | **Crude Oil Financial Price Swap Contracts** | **Crude Oil Financial Price Swap Contracts** | **Crude Oil Financial Price Swap Contracts** | **Crude Oil Financial Price Swap Contracts** | **Crude Oil Financial Price Swap Contracts** |
| | | **Contracts Sold** | **Contracts Sold** | **Contracts Purchased** | **Contracts Purchased** |
|<br>**Period** |<br>**Settlement Index** | **Volume (MBbld)** | **Weighted Average<br>Price ($/Bbl)** | **Volume (MBbld)** | **Weighted Average Price ($/Bbl)** |
| January - March 2022 (closed) | NYMEX WTI | 140 | $65.58 |  | $— |
| April - June 2022 (closed) | NYMEX WTI | 140 | 65.62 |  |  |
| July - September 2022 (closed) | NYMEX WTI | 140 | 65.59 |  |  |
| October - December 2022 (closed) <sup>(1)</sup> | NYMEX WTI | 53 | 66.11 |  |  |
| October - December 2022 (closed) | NYMEX WTI | 87 | 65.41 | 87 | 88.85 |
| January - March 2023 (closed) <sup>(1) (2)</sup> | NYMEX WTI | 55 | 67.96 |  |  |
| January - March 2023 | NYMEX WTI | 95 | 67.90 | 6 | 102.26 |
| April - May 2023 (closed) <sup>(1)</sup> | NYMEX WTI | 29 | 68.28 |  |  |
| April - May 2023 | NYMEX WTI | 91 | 67.63 | 2 | 98.15 |
| June 2023 (closed) <sup>(1)</sup> | NYMEX WTI | 118 | 67.77 |  |  |
| June 2023 | NYMEX WTI | 2 | 69.10 | 2 | 98.15 |
| July - September 2023 (closed) <sup>(1)</sup> | NYMEX WTI | 100 | 70.15 |  |  |
| October - December 2023 (closed) <sup>(1)</sup> | NYMEX WTI | 69 | 69.41 |  |  |

---

_________________

(1)&nbsp;&nbsp;&nbsp;&nbsp;In the second quarter of 2022, EOG executed the early termination provision granting EOG the right to terminate certain of its October 2022 - December 2023 crude oil financial price swap contracts which were open at that time. EOG paid net cash of $593 million for the settlement of these contracts.

(2)&nbsp;&nbsp;&nbsp;&nbsp;In the third quarter of 2022, EOG executed the early termination provision granting EOG the right to terminate certain of its January 2023 - March 2023 crude oil financial price swap contracts which were open at that time. EOG paid net cash of $63 million for the settlement of these contracts.

---

| | | | |
|:---|:---|:---|:---|
| **Crude Oil Basis Swap Contracts** | **Crude Oil Basis Swap Contracts** | **Crude Oil Basis Swap Contracts** | **Crude Oil Basis Swap Contracts** |
| | | **Contracts Sold** | **Contracts Sold** |
|<br>**Period** |<br>**Settlement Index** | **Volume<br>(MBbld)** | **Weighted Average Price Differential<br>($/Bbl)** |
| January - December 2022 (closed) | NYMEX WTI Roll Differential <sup>(1)</sup> | 125 | $0.15 |

---

_________________

(1)&nbsp;&nbsp;&nbsp;&nbsp;This settlement index is used to fix the differential in pricing between the NYMEX calendar month average and the physical crude oil delivery month.

------

---

| | | | |
|:---|:---|:---|:---|
| **Natural Gas Financial Price Swap Contracts** | **Natural Gas Financial Price Swap Contracts** | **Natural Gas Financial Price Swap Contracts** | **Natural Gas Financial Price Swap Contracts** |
| | | **Contracts Sold** | **Contracts Sold** |
|<br>**Period** |<br>**Settlement Index** | **Volume<br>(MMBtud in thousands)** | **Weighted Average<br>Price ($/MMBtu)** |
| January - September 2022 (closed) | NYMEX Henry Hub | 725 | $3.57 |
| October - December 2022 (closed) <sup>(1)</sup> | NYMEX Henry Hub | 425 | 3.05 |
| October - December 2022 (closed) | NYMEX Henry Hub | 300 | 4.32 |
| January - December 2023 (closed) <sup>(1)</sup> | NYMEX Henry Hub | 425 | 3.05 |
| January 2023 (closed) | NYMEX Henry Hub | 300 | 3.36 |
| February - December 2023 | NYMEX Henry Hub | 300 | 3.36 |
| January - December 2024 | NYMEX Henry Hub | 725 | 3.07 |
| January - December 2025 | NYMEX Henry Hub | 725 | 3.07 |

---

_________________

(1)&nbsp;&nbsp;&nbsp;&nbsp;In the second quarter of 2022, EOG executed the early termination provision granting EOG the right to terminate certain of its October 2022 - December 2023 natural gas financial price swap contracts which were open at that time. EOG paid net cash of $735 million for the settlement of these contracts.

---

| | | | |
|:---|:---|:---|:---|
| **Natural Gas Basis Swap Contracts** | **Natural Gas Basis Swap Contracts** | **Natural Gas Basis Swap Contracts** | **Natural Gas Basis Swap Contracts** |
| | | **Contracts Sold** | **Contracts Sold** |
|<br>**Period** |<br>**Settlement Index** | **Volume<br>(MMBtud in thousands)** | **Weighted Average Price Differential<br>($/MMBtu)** |
| January - December 2022 (closed) | NYMEX Henry Hub HSC Differential <sup>(1)</sup> | 210 | $0.01 |
| January - December 2023 | NYMEX Henry Hub HSC Differential | 135 | 0.01 |
| January - December 2024 | NYMEX Henry Hub HSC Differential | 10 | 0.00 |
| January - December 2025 | NYMEX Henry Hub HSC Differential | 10 | 0.00 |

---

_________________

(1)&nbsp;&nbsp;&nbsp;&nbsp;This settlement index is used to fix the differential between pricing at the Houston Ship Channel and NYMEX Henry Hub prices.

------

*III.&nbsp;&nbsp;&nbsp;&nbsp;Forward-Looking Statements*

**Information Regarding Forward-Looking Statements**

This Current Report on Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements and projections regarding EOG's future financial position, operations, performance, business strategy, goals, returns and rates of return, budgets, reserves, levels of production, capital expenditures, costs and asset sales, statements regarding future commodity prices and statements regarding the plans and objectives of EOG's management for future operations, are forward-looking statements. EOG typically uses words such as "expect," "anticipate," "estimate," "project," "strategy," "intend," "plan," "target," "aims," "ambition," "initiative," "goal," "may," "will," "focused on," "should" and "believe" or the negative of those terms or other variations or comparable terminology to identify its forward-looking statements. In particular, statements, express or implied, concerning EOG's future operating results and returns or EOG's ability to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and capital expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, other environmental matters, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends are forward-looking statements. Forward-looking statements are not guarantees of performance. Although EOG believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, EOG's forward-looking statements may be affected by known, unknown or currently unforeseen risks, events or circumstances that may be outside EOG's control. Important factors that could cause EOG's actual results to differ materially from the expectations reflected in EOG's forward-looking statements include, among others:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the timing, extent and duration of changes in prices for, supplies of, and demand for, crude oil and condensate, natural gas liquids (NGLs), natural gas and related commodities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent to which EOG is successful in its efforts to acquire or discover additional reserves;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent to which EOG is successful in its efforts to (i) economically develop its acreage in, (ii) produce reserves and achieve anticipated production levels and rates of return from, (iii) decrease or otherwise control its drilling, completion, operating and capital costs related to, and (iv) maximize reserve recovery from, its existing and future crude oil and natural gas exploration and development projects and associated potential and existing drilling locations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent to which EOG is successful in its efforts to market its production of crude oil and condensate, NGLs and natural gas;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• security threats, including cybersecurity threats and disruptions to our business and operations from breaches of our information technology systems, physical breaches of our facilities and other infrastructure or breaches of the information technology systems, facilities and infrastructure of third parties with which we transact business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the availability, proximity and capacity of, and costs associated with, appropriate gathering, processing, compression, storage, transportation, refining, and export facilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the availability, cost, terms and timing of issuance or execution of mineral licenses and leases and governmental and other permits and rights-of-way, and EOG's ability to retain mineral licenses and leases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of, and changes in, government policies, laws and regulations, including climate change-related regulations, policies and initiatives (for example, with respect to air emissions); tax laws and regulations (including, but not limited to, carbon tax legislation); environmental, health and safety laws and regulations relating to disposal of produced water, drilling fluids and other wastes, hydraulic fracturing and access to and use of water; laws and regulations affecting the leasing of acreage and permitting for oil and gas drilling and the calculation of royalty payments in respect of oil and gas production; laws and regulations imposing additional permitting and disclosure requirements, additional operating restrictions and conditions or restrictions on drilling and completion operations and on the transportation of crude oil and natural gas; laws and regulations with respect to derivatives and hedging activities; and laws and regulations with respect to the import and export of crude oil, natural gas and related commodities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of climate change-related policies and initiatives at the corporate and/or investor community levels and other potential developments related to climate change, such as (but not limited to) changes in consumer and industrial/commercial behavior, preferences and attitudes with respect to the generation and consumption of energy; increased availability of, and increased consumer and industrial/commercial demand for, competing energy sources (including alternative energy sources); technological advances with respect to the generation, transmission, storage and consumption of energy; alternative fuel requirements; energy conservation measures; decreased demand for, and availability of, services and facilities related to the exploration for, and production of, crude oil, NGLs and natural gas; and negative perceptions of the oil and gas industry and, in turn, reputational risks associated with the exploration for, and production of, crude oil, NGLs and natural gas;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EOG's ability to effectively integrate acquired crude oil and natural gas properties into its operations, fully identify existing and potential problems with respect to such properties and accurately estimate reserves, production and drilling, completing and operating costs with respect to such properties;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent to which EOG's third-party-operated crude oil and natural gas properties are operated successfully, economically and in compliance with applicable laws and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• competition in the oil and gas exploration and production industry for the acquisition of licenses, leases and properties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the availability and cost of, and competition in the oil and gas exploration and production industry for, employees and other personnel, facilities, equipment, materials (such as water and tubulars) and services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the accuracy of reserve estimates, which by their nature involve the exercise of professional judgment and may therefore be imprecise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• weather, including its impact on crude oil and natural gas demand, and weather-related delays in drilling and in the installation and operation (by EOG or third parties) of production, gathering, processing, refining, compression, storage, transportation, and export facilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of EOG's customers and other contractual counterparties to satisfy their obligations to EOG and, related thereto, to access the credit and capital markets to obtain financing needed to satisfy their obligations to EOG;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EOG's ability to access the commercial paper market and other credit and capital markets to obtain financing on terms it deems acceptable, if at all, and to otherwise satisfy its capital expenditure requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent to which EOG is successful in its completion of planned asset dispositions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent and effect of any hedging activities engaged in by EOG;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the timing and extent of changes in foreign currency exchange rates, interest rates, inflation rates, global and domestic financial market conditions and global and domestic general economic conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the duration and economic and financial impact of epidemics, pandemics or other public health issues, including the COVID-19 pandemic;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• geopolitical factors and political conditions and developments around the world (such as the imposition of tariffs or trade or other economic sanctions, political instability and armed conflict), including in the areas in which EOG operates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the extent to which EOG incurs uninsured losses and liabilities or losses and liabilities in excess of its insurance coverage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acts of war and terrorism and responses to these acts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the other factors described under ITEM 1A, Risk Factors of EOG's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any updates to those factors set forth in EOG's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K.

In light of these risks, uncertainties and assumptions, the events anticipated by EOG's forward-looking statements may not occur, and, if any of such events do, we may not have anticipated the timing of their occurrence or the duration or extent of their impact on our actual results. Accordingly, you should not place any undue reliance on any of EOG's forward-looking statements. EOG's forward-looking statements speak only as of the date made, and EOG undertakes no obligation, other than as required by applicable law, to update or revise its forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

---

| | |
|:---|:---|
| **Glossary:** | |
| $/Bbl | Dollars per barrel |
| $/MMBtu | Dollars per million British Thermal Units |
| Bbl | Barrel |
| EOG | EOG Resources, Inc. |
| HSC | Houston Ship Channel |
| MBbld | Thousand barrels per day |
| MMBtu | Million British Thermal Units |
| MMBtud | Million British Thermal Units per day |
| NGL | Natural Gas Liquids |
| NYMEX | New York Mercantile Exchange |
| WTI | West Texas Intermediate |

---

------

**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.

---

| | | |
|:---|:---|:---|
| | | EOG RESOURCES, INC.<br>(Registrant) |
| Date: January 12, 2023 | By: | <u>/s/ TIMOTHY K. DRIGGERS</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>Timothy K. Driggers<br>Executive Vice President and Chief Financial Officer<br>(Principal Financial Officer and Duly Authorized Officer) |

---