Asset Retirement Obligations

6 Months Ended

Jun. 30, 2011

Notes To Financial Statements [Abstract]

Asset Retirement Obligations [Text Block]

7.      Asset Retirement Obligations

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property, plant and equipment for the six-month periods ended June 30, 2011 and 2010 (in thousands):

			Six Months Ended
			June 30,
			2011		2010
Carrying Amount at Beginning of Period		$	498,288	$	456,484
	Liabilities Incurred		12,973		10,601
	Liabilities Settled (1)		(38,748)		(8,168)
	Accretion		12,268		12,086
	Revisions		618		46
	Foreign Currency Translations		2,834		(902)
Carrying Amount at End of Period		$	488,233	$	470,147
Current Portion		$	22,959	$	29,473
Noncurrent Portion		$	465,274	$	440,674

(1)   Includes settlements related to asset sales.

The current and noncurrent portions of EOG's asset retirement obligations are included in Current Liabilities - Other and Other Liabilities, respectively, on the Consolidated Balance Sheets.