Acquisitions and Divestitures (Notes)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Acquisitions and Divestitures

Acquisitions and Divestitures

During the six months ended June 30, 2018, EOG recognized a net loss on asset dispositions of $(21) million, primarily due to non-cash exchanges of unproved leasehold in New Mexico and Wyoming as well as the disposition of inventory and other assets, and received proceeds of approximately $8 million. During the six months ended June 30, 2017, EOG recognized a net loss on asset dispositions of $(26) million and received proceeds of approximately $175 million primarily from the sale of producing assets, unproved leasehold and other property, plant and equipment in Oklahoma and Texas.