Business Segment Information

12 Months Ended

Dec. 31, 2013

Business Segment Information [Abstract]

Business Segment Information

10.  Business Segment Information

EOG's operations are all crude oil and natural gas exploration and production related. The Segment Reporting Topic of the ASC establishes standards for reporting information about operating segments in annual financial statements.  Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.  EOG's chief operating decision making process is informal and involves the Chairman of the Board and Chief Executive Officer and other key officers.  This group routinely reviews and makes operating decisions related to significant issues associated with each of EOG's major producing areas in the United States, Canada, Trinidad, the United Kingdom, China and Argentina.  For segment reporting purposes, the chief operating decision maker considers the major United States producing areas to be one operating segment.

Financial information by reportable segment is presented below as of and for the years ended December 31, 2013, 2012 and 2011 (in thousands):

	United States			Canada			Trinidad		Other International (1)			Total
2013
Crude Oil and Condensate	$	8,035,358		$	221,999		$	40,379	$	2,911		$	8,300,647
Natural Gas Liquids		761,535			12,435			-		-			773,970
Natural Gas		1,100,808			85,446			477,103		17,672			1,681,029
Losses on Mark-to-Market Commodity Derivative Contracts		(166,349	)		-			-		-			(166,349	)
Gathering, Processing and Marketing		3,636,209			1,476			6,064		-			3,643,749
Gains on Asset Dispositions, Net		93,876			102,570			1,119		-			197,565
Other, Net		51,713			4,770			24		-			56,507
Net Operating Revenues (2)		13,513,150			428,696			524,689		20,583			14,487,118
Depreciation, Depletion and Amortization		3,223,596			180,836			181,990		14,554			3,600,976
Operating Income (Loss)		3,543,841			(45,214	)		266,329		(89,745	)		3,675,211
Interest Income		2,803			2,076			336		370			5,585
Other Income (Expense)		(29,696	)		7,707			9,889		3,650			(8,450	)
Net Interest Expense		283,209			(4,204	)		-		(43,545	)		235,460
Income (Loss) Before Income Taxes		3,233,739			(31,227	)		276,554		(42,180	)		3,436,886
Income Tax Provision (Benefit)		1,161,328			598			118,270		(40,419	)		1,239,777
Additions to Oil and Gas Properties, Excluding Dry Hole Costs		6,133,894			137,920			132,984		217,638			6,622,436
Total Property, Plant and Equipment, Net		24,456,383			602,333			476,174		613,946			26,148,836
Total Assets		27,668,713			880,765			986,796		1,037,964			30,574,238

	United									Other
	States			Canada			Trinidad			International (1)			Total
2012
Crude Oil and Condensate	$	5,383,612		$	221,556			50,708		$	3,561		$	5,659,437
Natural Gas Liquids		713,497			13,680			-			-			727,177
Natural Gas		951,463			86,361			514,322			19,616			1,571,762
Gains on Mark-to-Market Commodity Derivative Contracts		393,744			-			-			-			393,744
Gathering, Processing and Marketing		3,091,281			-			5,413			-			3,096,694
Gains on Asset Dispositions, Net		166,201			26,459			-			-			192,660
Other, Net		40,780			367			15			-			41,162
Net Operating Revenues (3)		10,740,578			348,423			570,458			23,177			11,682,636
Depreciation, Depletion and Amortization		2,780,563			223,689			147,062			18,389			3,169,703
Operating Income (Loss)		2,233,911			(1,065,434	)		371,876			(60,556	)		1,479,797
Interest Income		8,343			123			125			180			8,771
Other Income (Expense)		(12,455	)		(8,689	)		20,482			6,386			5,724
Net Interest Expense		242,138			6,589			238			(35,413	)		213,552
Income (Loss) Before Income Taxes		1,987,661			(1,080,589	)		392,245			(18,577	)		1,280,740
Income Tax Provision (Benefit)		707,401			(134,745	)		140,468			(2,663	)		710,461
Additions to Oil and Gas Properties, Excluding Dry Hole Costs		6,198,267			302,851			49,376			169,852			6,720,346
Total Property, Plant and Equipment, Net		21,560,998			877,996			535,405			363,282			23,337,681
Total Assets		24,523,072			1,202,031			1,012,727			598,748			27,336,578
2011
Crude Oil and Condensate	$	3,458,248		$	264,895		$	112,554		$	2,587		$	3,838,284
Natural Gas Liquids		762,730			16,634			-			-			779,364
Natural Gas		1,593,964			178,324			442,589			25,663			2,240,540
Gains on Mark-to-Market Commodity Derivative Contracts		626,053			-			-			-			626,053
Gathering, Processing and Marketing		2,115,768			-			24			-			2,115,792
Gains on Asset Dispositions, Net		475,878			17,033			(2	)		-			492,909
Other, Net		32,329			258			586			-			33,173
Net Operating Revenues (3)		9,064,970			477,144			555,751			28,250			10,126,115
Depreciation, Depletion and Amortization		2,131,706			260,084			107,141			17,450			2,516,381
Operating Income (Loss)		2,252,508			(459,520	)		383,992			(63,671	)		2,113,309
Interest Income		436			342			101			140			1,019
Other Income (Expense)		(6,480	)		(2,375	)		18,755			(4,066	)		5,834
Net Interest Expense		214,360			23,085			-			(27,082	)		210,363
Income (Loss) Before Income Taxes		2,032,104			(484,638	)		402,848			(40,515	)		1,909,799
Income Tax Provision (Benefit)		732,362			(125,474	)		204,698			7,090			818,676
Additions to Oil and Gas Properties, Excluding Dry Hole Costs		5,790,590			259,634			132,159			58,784			6,241,167
Total Property, Plant and Equipment, Net		18,711,774			1,760,066			627,794			189,190			21,288,824
Total Assets		21,313,158			2,131,949			1,085,664			308,026			24,838,797

(1) Other International primarily includes EOG's United Kingdom, China and Argentina operations.

(2) EOG had sales activity with two significant purchasers in 2013, one totaling $3.9 billion and the other totaling $2.0 billion of consolidated Net Operating Revenues in the United States segment.

(3) EOG had sales activity with a single significant purchaser in the United States segment in 2012 that totaled $2.2 billion of consolidated Net Operating Revenues.

(4) EOG had no purchasers in 2011 whose sales totaled 10 percent or more of consolidated Net Operating Revenues.