Asset Retirement Obligations

6 Months Ended

Jun. 30, 2020

Asset Retirement Obligation [Abstract]

Asset Retirement Obligations

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 six-month periods ended June 30, 2020 and 2019 (in thousands):

	Six Months Ended June 30,
	2020		2019
Carrying Amount at January 1	$	1,110,710	$	954,377
Liabilities Incurred	16,715		56,490
Liabilities Settled (1)	(24,480)		(41,650)
Accretion	23,153		20,523
Revisions	19,990		8,006
Foreign Currency Translations	(223)		219
Carrying Amount at June 30	$	1,145,865	$	997,965
Current Portion	$	38,792	$	27,416
Noncurrent Portion	$	1,107,073	$	970,549

(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 Condensed Consolidated Balance Sheets.