Asset Retirement Obligations

3 Months Ended

Mar. 31, 2015

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 three-month periods ended March 31, 2015 and 2014 (in thousands):

	Three Months Ended   March 31,
	2015			2014
Carrying Amount at Beginning of Period	$	752,718		$	761,898
Liabilities Incurred	11,281			37,453
Liabilities Settled (1)	(6,816		)	(6,850		)
Accretion	7,840			13,751
Revisions	2,880			—
Foreign Currency Translations	(4,949		)	(6,636		)
Carrying Amount at End of Period	$	762,954		$	799,616
Current Portion	$	9,280		$	37,308
Noncurrent Portion	$	753,674		$	762,308

(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.