Asset Retirement Obligations

12 Months Ended

Dec. 31, 2014

Asset Retirement Obligations, Noncurrent [Abstract]

Asset Retirement Obligations

15.  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 years ended December 31, 2014 and 2013 (in thousands):

	2014			2013
Carrying Amount at Beginning of Period	$	761,898		$	665,944
Liabilities Incurred	123,849			103,284
Liabilities Settled (1)	(247,422		)	(70,510		)
Accretion	41,489			35,180
Revisions	82,885			38,552
Foreign Currency Translations	(9,981		)	(10,552		)
Carrying Amount at End of Period	$	752,718		$	761,898
Current Portion	$	11,814		$	43,857
Noncurrent Portion	$	740,904		$	718,041

(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.