Business Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Business Segment Information

11.  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 and China.  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, 2014, 2013 and 2012 (in thousands):

	United States			Canada			Trinidad		Other International (1)			Total
2014
Crude Oil and Condensate	$	9,526,149		$	184,420		$	29,604	$	2,307		$	9,742,480
Natural Gas Liquids	924,454			9,597			—		—			934,051
Natural Gas	1,321,175			96,274			483,071		15,866			1,916,386
Gains on Mark-to-Market Commodity Derivative Contracts	834,273			—			—		—			834,273
Gathering, Processing and Marketing	4,040,024			228			6,064		—			4,046,316
Gains on Asset Dispositions, Net	96,339			411,251			—		—			507,590
Other, Net	49,950			4,257			37		—			54,244
Net Operating Revenues (2)	16,792,364			706,027			518,776		18,173			18,035,340
Depreciation, Depletion and Amortization	3,684,943			105,274			188,592		18,232			3,997,041
Operating Income (Loss)	5,074,911			360,114			277,471		(470,673		)	5,241,823
Interest Income	849			847			253		290			2,239
Other Income (Expense)	(14,953		)	(19,719		)	8,712		(21,329		)	(47,289		)
Net Interest Expense	269,166			(20,681		)	—		(47,027		)	201,458
Income (Loss) Before Income Taxes	4,791,641			361,923			286,436		(444,685		)	4,995,315
Income Tax Provision	1,837,185			80,807			98,559		63,277			2,079,828
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	7,133,727			76,642			76,138		184,670			7,471,177
Total Property, Plant and Equipment, Net	28,391,741			33,635			382,719		364,549			29,172,644
Total Assets	32,871,398			182,250			865,674		843,365			34,762,687

	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 (3)	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
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 (4)	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

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

(2) EOG had sales activity with two significant purchasers in 2014, one totaling $4.0 billion and the other totaling $3.0 billion of consolidated Net Operating Revenues in the United States segment.

(3) 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.

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