2. Long-Term Debt

Long-Term Debt at December 31, 2013 and 2012 consisted of the following (in thousands):

	2013		2012

6.125% Senior Notes due 2013	$	-	$	400,000
Floating Rate Senior Notes due 2014		350,000		350,000
2.95% Senior Notes due 2015		500,000		500,000
2.500% Senior Notes due 2016		400,000		400,000
5.875% Senior Notes due 2017		600,000		600,000
6.875% Senior Notes due 2018		350,000		350,000
5.625% Senior Notes due 2019		900,000		900,000
4.40% Senior Notes due 2020		500,000		500,000
4.100% Senior Notes due 2021		750,000		750,000
2.625% Senior Notes due 2023		1,250,000		1,250,000
6.65% Senior Notes due 2028		140,000		140,000
4.75% Subsidiary Debt due 2014		150,000		150,000
Total Long-Term Debt		5,890,000		6,290,000
Capital Lease Obligation		57,187		62,968
Less: Current Portion of Long-Term Debt		6,579		406,579
Unamortized Debt Discount		33,966		40,787
Total Long-Term Debt, Net	$	5,906,642	$	5,905,602

At December 31, 2013, the aggregate annual maturities of long-term debt (excluding capital lease obligations) were $500 million in 2014, $500 million in 2015, $400 million in 2016, $600 million in 2017 and $350 million in 2018. On October 1, 2013, EOG repaid at maturity $400 million principal amount of its 6.125% Senior Notes due 2013, plus accrued and unpaid interest. All subsidiary debt is guaranteed by EOG. At December 31, 2013, $350 million principal amount of Floating Rate Senior Notes due 2014 (Floating Rate Notes) and $150 million principal amount of 4.75% Subsidiary Debt due 2014 (4.75% Subsidiary Debt) were classified as long-term debt based upon EOG's intent and ability to ultimately replace such amounts with other long-term debt.

On February 3, 2014, EOG repaid upon maturity $350 million principal amount of its Floating Rate Notes. On the same date, EOG settled its interest rate swap agreement entered into contemporaneously with the issuance of the Floating Rate Notes.

During 2013 and 2012, EOG utilized commercial paper and short-term borrowings from uncommitted credit facilities, bearing market interest rates, for various corporate financing purposes. EOG had no outstanding borrowings from commercial paper or uncommitted credit facilities at December 31, 2013 and 2012, respectively. The average borrowings outstanding under the commercial paper program were $37 million and $236 million during the years ended December 31, 2013 and 2012, respectively. The average borrowings outstanding under the uncommitted credit facilities were zero and $41 million during the years ended December 31, 2013 and 2012, respectively. The weighted average interest rates for commercial paper borrowings were 0.30% and 0.45% for the years 2013 and 2012, respectively, and were 0.70% for uncommitted credit facility borrowings for the year 2012.

On September 10, 2012, EOG closed its sale of $1.25 billion aggregate principal amount of its 2.625% Senior Notes due 2023 (Notes). Interest on the Notes is payable semi-annually in arrears on March 15 and September 15 of each year, beginning March 15, 2013. Net proceeds from the Notes offering of approximately $1,234 million were used for general corporate purposes, including repayment of outstanding commercial paper borrowings and funding of capital expenditures. The Notes were issued through a public offering with an effective interest rate of 2.784%.

EOG currently has a $2.0 billion senior unsecured Revolving Credit Agreement (Agreement) with domestic and foreign lenders. The Agreement has a scheduled maturity date of October 11, 2016 and includes an option for EOG to extend, on up to two occasions, the term for successive one-year periods, subject to, among certain other terms and conditions, the consent of the banks holding greater than 50% of the commitments then outstanding under the Agreement. At December 31, 2013, there were no borrowings or letters of credit outstanding under the Agreement. Advances under the Agreement accrue interest based, at EOG's option, on either the London InterBank Offered Rate (LIBOR) plus an applicable margin (Eurodollar rate), or the base rate (as defined in the Agreement) plus an applicable margin. At December 31, 2013, the Eurodollar rate and applicable base rate, had there been any amounts borrowed under the Agreement, would have been 1.04% and 3.25%, respectively.

The Agreement contains representations, warranties, covenants and events of default that are customary for investment grade, senior unsecured commercial bank credit agreements, including a financial covenant for the maintenance of a total debt-to-total capitalization ratio of no greater than 65%. At December 31, 2013, and during the year then ended, EOG believes that it was in compliance with this financial debt covenant.

EOG Resources Canada Inc. (EOGRC), a wholly-owned subsidiary of EOG, has outstanding the 4.75% Subsidiary Debt with a maturity date of March 15, 2014. In conjunction with the offering, EOG entered into a foreign currency swap transaction with multiple banks for the equivalent amount of the notes and related interest, which has in effect converted this indebtedness into $201.3 million Canadian dollars with a 5.275% interest rate. EOG accounts for the foreign currency swap transaction using the hedge accounting method (see Note 11).

Restricted Cash. In May 2013, the Canadian Alberta Energy Regulator (AER) made effective certain regulations affecting the Licensee Liability Rating program which requires well owners to post financial security for well abandonment obligations in amounts set forth by the AER. In order to comply with these requirements, EOGRC established a 160 million Canadian dollar letter of credit facility (maturing May 29, 2018) with Royal Bank of Canada (RBC) as the lender. The letter of credit facility requires EOGRC to deposit cash, in an amount equal to all outstanding letters of credit under such facility, in a cash collateral account at RBC. At December 31, 2013, the balance in this account was 70 million Canadian dollars (66 million United States dollars) and was included in Other Assets on the Consolidated Balance Sheets.