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Asset Retirement Obligations
 3 Months Ended
Mar. 31, 2014
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 three-month periods ended March 31, 2014 and 2013 (in thousands):

 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
  
2013
 
 
 
  
 
Carrying Amount at Beginning of Period
 
$
761,898
  
$
665,944
 
Liabilities Incurred
  
37,453
   
12,592
 
Liabilities Settled (1)
  
(6,850
)
  
(24,831
)
Accretion
  
13,751
   
9,660
 
Revisions
  
-
   
67
 
Foreign Currency Translations
  
(6,636
)
  
(5,201
)
Carrying Amount at End of Period
 
$
799,616
  
$
658,231
 
 
        
Current Portion
 
$
37,308
  
$
19,186
 
Noncurrent Portion
 
$
762,308
  
$
639,045
 

(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.