EOG hikes credit line to $1 bln from $600 mln

HOUSTON, May 23 (Reuters) - Natural gas producer EOG Resources Inc. (EOG.N) has increased its 5-year unsecured credit agreement to $1 billion from $600 million, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

EOG also asked its lenders for the option to request letters of credit totaling up to $1 billion, replacing the prior limit of $200 million, according to the filing.

A spokeswoman with the Houston-based company was not available to comment on why the changes were made.

Shares of EOG closed down 1 cent at $77.52 on the New York Stock Exchange.