2. Long-Term Debt

Long-Term Debt at December 31, 2014 and 2013 consisted of the following (in thousands):



	2014		2013

Floating Rate Senior Notes due 2014	$	—	$	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
2.45% Senior Notes due 2020	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
Total Long-Term Debt	5,890,000		5,890,000
Capital Lease Obligation	51,221		57,187
Less: Current Portion of Long-Term Debt	6,579		6,579
Unamortized Debt Discount	31,288		33,966
Total Long-Term Debt, Net	$	5,903,354	$	5,906,642

At December 31, 2014, the aggregate annual maturities of long-term debt (excluding capital lease obligations) were $500 million in 2015, $400 million in 2016, $600 million in 2017, $350 million in 2018 and $900 million in 2019. At December 31, 2014, $500 million aggregate principal amount of its 2.95% Senior Notes due 2015 were classified as long-term debt based upon EOG's intent and ability to ultimately replace such amounts with other long-term debt.

During 2014 and 2013, 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 commercial paper borrowings or uncommitted credit facility borrowings at December 31, 2014 and 2013, respectively. The average borrowings outstanding under the commercial paper program were $12 million and $37 million during the years ended December 31, 2014 and 2013, respectively. The average borrowings outstanding under the uncommitted credit facilities were $0.1 million and zero during the years ended December 31, 2014 and 2013, respectively. The weighted average interest rates for commercial paper borrowings were 0.25% and 0.30% for the years 2014 and 2013, respectively, and were 0.70% for uncommitted credit facility borrowings for the year 2014.

EOG currently has a $2.0 billion senior unsecured Revolving Credit Agreement (Agreement) with domestic and foreign lenders. The Agreement matures on 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 lenders holding greater than 50% of the commitments then outstanding under the Agreement. At December 31, 2014, 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, 2014, the Eurodollar rate and applicable base rate, had there been any amounts borrowed under the Agreement, would have been 1.05% 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, 2014, and during the year then ended, EOG was in compliance with this financial debt covenant.

On March 21, 2014, EOG closed its sale of the $500 million aggregate principal amount of its 2.45% Senior Notes due 2020 (Notes). Interest on the Notes is payable semi-annually in arrears on April 1 and October 1 of each year, beginning October 1, 2014. Net proceeds from the Notes offering of approximately $496 million were used for general corporate purposes.

On March 17, 2014, EOG repaid upon maturity the $150 million aggregate principal amount of its 4.75% Subsidiary Debt due 2014 (Subsidiary Debt) and settled the foreign currency swap entered into contemporaneously with the issuance of the Subsidiary Debt for $32 million.

On February 3, 2014, EOG repaid upon maturity the $350 million aggregate principal amount of its Floating Rate Senior Notes due 2014 (Floating Rate Notes). On the same date, EOG settled the interest rate swap entered into contemporaneously with the issuance of the Floating Rate Notes for $0.8 million.

Restricted Cash. In order to comply with the Canadian Alberta Energy Regulator's requirements to post financial security for well abandonment obligations, former EOG subsidiary EOG Resources Canada Inc. (EOGRC) established a 160 million Canadian dollar letter of credit facility (subsequently increased to 190 million Canadian dollars), with Royal Bank of Canada (RBC) as the lender. The letter of credit facility required EOGRC to deposit cash, in an amount equal to all outstanding letters of credit under such facility, in a cash collateral account at RBC. In connection with the sale of substantially all of EOG's Canadian assets in the fourth quarter of 2014, this letter of credit facility was amended and the then-outstanding cash collateral balance of 170 million Canadian dollars (approximately 150 million United States dollars) was released. This letter of credit facility was transferred to the purchaser of the Alberta assets. See Note 17.