Asset Retirement Obligations

9 Months Ended

Sep. 30, 2012

Asset Retirement Obligations [Abstract]

Asset Retirement Obligations [Text Block]

6.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 nine-month periods ended September 30, 2012 and 2011 (in thousands):

	Nine Months Ended
	September 30,
	2012			2011
Carrying Amount at Beginning of Period	$	587,084		$	498,288
Liabilities Incurred		47,320			45,754
Liabilities Settled (1)		(56,150	)		(58,084	)
Accretion		22,714			20,125
Revisions		12,709			61,668
Foreign Currency Translations		5,140			(3,688	)
Carrying Amount at End of Period	$	618,817		$	564,063
Current Portion	$	27,615		$	30,306
Noncurrent Portion	$	591,202		$	533,757

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(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.