Asset Retirement Obligations

6 Months Ended

Jun. 30, 2014

Asset Retirement Obligation [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 six-month periods ended June 30, 2014 and 2013 (in thousands):

	Six Months Ended June 30,
	2014			2013
Carrying Amount at Beginning of Period	$	761,898		$	665,944
Liabilities Incurred	54,819			24,660
Liabilities Settled (1)	(25,478		)	(31,155		)
Accretion	23,346			17,865
Revisions	13,859			67
Foreign Currency Translations	2,506			(11,192		)
Carrying Amount at End of Period	$	830,950		$	666,189
Current Portion	$	28,498		$	16,949
Noncurrent Portion	$	802,452		$	649,240

(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.