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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value Assets and Liabilities Measured On Recurring Basis
The following table provides fair value measurement information within the fair value hierarchy for certain of EOG's financial assets and liabilities carried at fair value on a recurring basis at December 31, 2016. There were no such amounts outstanding at December 31, 2015. Amounts shown in millions.
 
Fair Value Measurements Using:
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
At December 31, 2016
 

 
 

 
 

 
 

Financial Assets: (1)
 

 
 

 
 

 
 

Natural Gas Options/Collars
$
—

 
$
1

 
$
—

 
$
1

Financial Liabilities: (2)
 
 
 
 
 
 
 
Crude Oil Swaps
$
—

 
$
36

 
$
—

 
$
36

Natural Gas Swaps
—

 
4

 
—

 
4

Natural Gas Options/Collars
—

 
22

 
—

 
22


 
 
(1)
At December 31, 2016, $1 million is included in "Other Assets" on the Consolidated Balance Sheets.
(2)
At December 31, 2016, $62 million is included in "Current Liabilities - Liabilities from Price Risk Management Activities" on the Consolidated Balance Sheets.