Asset Retirement Obligations

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2020 and 2019 (in thousands):

	Nine Months Ended September 30,
	2020		2019
Carrying Amount at January 1	$	1,110,710	$	954,377
Liabilities Incurred	28,840		78,025
Liabilities Settled (1)	(37,939)		(52,443)
Accretion	34,946		31,890
Revisions	52,368		71,145
Foreign Currency Translations	287		154
Carrying Amount at September 30	$	1,189,212	$	1,083,148
Current Portion	$	49,847	$	27,055
Noncurrent Portion	$	1,139,365	$	1,056,093

(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.