Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Assets and Liabilities Measured On Recurring Basis

The following table provides fair value measurement information within the fair value hierarchy for certain of EOG's financial assets and liabilities carried at fair value on a recurring basis at December 31, 2013 and 2012 (in millions):

	Fair Value Measurements Using:
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
At December 31, 2013
Financial Assets:
Natural Gas Options/Swaptions	$	-	$	8	$	-	$	8

Financial Liabilities:
Crude Oil Swaps	$	-	$	17	$	-	$	17
Crude Oil Options/Swaptions		-		110		-		110
Foreign Currency Rate Swap		-		40		-		40
Interest Rate Swap		-		1		-		1

At December 31, 2012
Financial Assets:
Crude Oil Swaps	$	-	$	65	$	-	$	65
Crude Oil Options/Swaptions		-		36		-		36
Natural Gas Options/Swaptions		-		65		-		65

Financial Liabilities:
Crude Oil Options/Swaptions	$	-	$	8	$	-	$	8
Natural Gas Options/Swaptions		-		13		-		13
Foreign Currency Rate Swap		-		55		-		55
Interest Rate Swap		-		4		-		4