Asset Retirement Obligations

12 Months Ended

Dec. 31, 2011

Notes To Financial Statements [Abstract]

Asset Retirement Obligations [Text Block]

14.  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 years ended December 31, 2011 and 2010 (in thousands):

	2011			2010
Carrying Amount at Beginning of Period	$	498,288		$	456,484
Liabilities Incurred		68,703			39,480
Liabilities Settled (1)		(66,129	)		(30,763	)
Accretion		27,907			25,456
Revisions		58,786			1,640
Foreign Currency Translations		(471	)		5,991
Carrying Amount at End of Period	$	587,084		$	498,288
Current Portion	$	29,527		$	32,005
Noncurrent Portion	$	557,557		$	466,283

(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.