Business Segment Information

EOG's operations are all crude oil and natural gas exploration and production related. The Segment Reporting Topic of the ASC establishes standards for reporting information about operating segments in annual financial statements. Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. EOG's chief operating decision-making process is informal and involves the Chairman of the Board and Chief Executive Officer and other key officers. This group routinely reviews and makes operating decisions related to significant issues associated with each of EOG's major producing areas in the United States, Trinidad, China and the United Kingdom (EOG sold its United Kingdom operations in the fourth quarter of 2018). For segment reporting purposes, the chief operating decision maker considers the major United States producing areas to be one operating segment.

Financial information by reportable segment is presented below as of and for the years ended December 31, 2018, 2017 and 2016 (in thousands):



	United States			Trinidad			Other International ⁽¹⁾			Total
2018
Crude Oil and Condensate	$	9,390,244		$	17,059		$	110,137		$	9,517,440
Natural Gas Liquids	1,127,510			—			—			1,127,510
Natural Gas	970,866			285,053			45,618			1,301,537
Losses on Mark-to-Market Commodity Derivative Contracts	(165,640		)	—			—			(165,640		)
Gathering, Processing and Marketing	5,227,051			3,304			—			5,230,355
Gains on Asset Dispositions, Net	154,852			4,493			15,217			174,562
Other, Net	89,708			(49		)	(24		)	89,635
Operating Revenues and Other ⁽²⁾	16,794,591			309,860			170,948			17,275,399
Depreciation, Depletion and Amortization	3,296,499			91,971			46,938			3,435,408
Operating Income (Loss)	4,334,364			147,240			(12,258		)	4,469,346
Interest Income	9,326			1,612			608			11,546
Other Income (Expense)	9,580			2,436			(6,858		)	5,158
Net Interest Expense	253,352			—			(8,300		)	245,052
Income (Loss) Before Income Taxes	4,099,918			151,288			(10,208		)	4,240,998
Income Tax Provision	765,986			54,272			1,700			821,958
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	6,155,874			1,618			37,838			6,195,330
Total Property, Plant and Equipment, Net	27,786,086			210,183			79,250			28,075,519
Total Assets	33,178,733			629,633			126,108			33,934,474



	United States			Trinidad			Other International ⁽¹⁾			Total
2017
Crude Oil and Condensate	$	6,225,711		$	13,572		$	17,113		$	6,256,396
Natural Gas Liquids	729,545			—			16			729,561
Natural Gas	615,512			271,101			35,321			921,934
Gains on Mark-to-Market Commodity Derivative Contracts	19,828			—			—			19,828
Gathering, Processing and Marketing	3,298,098			(11		)	—			3,298,087
Losses on Asset Dispositions, Net	(98,233		)	(8		)	(855		)	(99,096		)
Other, Net	81,610			59			(59		)	81,610
Operating Revenues and Other ⁽³⁾	10,872,071			284,713			51,536			11,208,320
Depreciation, Depletion and Amortization	3,269,196			115,321			24,870			3,409,387
Operating Income (Loss)	933,571			101,010			(108,179		)	926,402
Interest Income	3,223			2,201			2,289			7,713
Other Income (Expense)	(9,659		)	3,337			7,761			1,439
Net Interest Expense	303,941			—			(29,569		)	274,372
Income (Loss) Before Income Taxes	623,194			106,548			(68,560		)	661,182
Income Tax Provision (Benefit)	(1,964,343		)	38,798			4,148			(1,921,397		)
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	4,067,359			145,937			14,932			4,228,228
Total Property, Plant and Equipment, Net	25,125,427			313,357			226,253			25,665,037
Total Assets	28,312,599			974,477			546,002			29,833,078
2016
Crude Oil and Condensate	$	4,265,036		$	9,600		$	42,705		$	4,317,341
Natural Gas Liquids	437,238			—			12			437,250
Natural Gas	475,715			234,108			32,329			742,152
Losses on Mark-to-Market Commodity Derivative Contracts	(99,608		)	—			—			(99,608		)
Gathering, Processing and Marketing	1,967,390			(1,131		)	—			1,966,259
Gains (Losses) on Asset Dispositions, Net	196,043			(145		)	9,937			205,835
Other, Net	81,386			(8		)	25			81,403
Operating Revenues and Other ⁽⁴⁾	7,323,200			242,424			85,008			7,650,632
Depreciation, Depletion and Amortization	3,365,390			145,591			42,436			3,553,417
Operating Income (Loss)	(1,192,338		)	46,473			(79,416		)	(1,225,281		)
Interest Income	358			932			1,329			2,619
Other Income (Expense)	(15,703		)	2,667			(40,126		)	(53,162		)
Net Interest Expense	298,125			—			(16,444		)	281,681
Income (Loss) Before Income Taxes	(1,505,808		)	50,072			(101,769		)	(1,557,505		)
Income Tax Provision (Benefit)	(516,180		)	64,281			(8,920		)	(460,819		)
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	6,223,228			75,407			30,734			6,329,369
Total Property, Plant and Equipment, Net	25,221,517			274,850			210,711			25,707,078
Total Assets ⁽⁵⁾	27,746,851			889,253			663,097			29,299,201


(1)	Other International primarily consists of EOG's United Kingdom, China, Canada and Argentina operations. The United Kingdom operations were sold in the fourth quarter of 2018. The Argentina operations were sold in the third quarter of 2016.


(2)	EOG had sales activity with two significant purchasers in 2018, one totaling $2.6 billion and the other totaling $2.3 billion of consolidated Operating Revenues and Other in the United States segment.


(3)	EOG had sales activity with two significant purchasers in 2017, one totaling $1.5 billion and the other totaling $1.3 billion of consolidated Operating Revenues and Other in the United States segment.


(4)	EOG had sales activity with three significant purchasers in 2016, one totaling $1.2 billion, one totaling $1.1 billion and one totaling $1.0 billion of consolidated Operating Revenues and Other in the United States segment.


(5)	EOG made a reclassification of $160 million from deferred tax liabilities to deferred tax assets for the year ended December 31, 2016, for the United States segment and in total.