Asset Retirement Obligations (Notes)

12 Months Ended

Dec. 31, 2020

Asset Retirement Obligations, Noncurrent [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 years ended December 31, 2020 and 2019 (in thousands):

	2020		2019
Carrying Amount at Beginning of Period	$	1,110,710	$	954,377
Liabilities Incurred	57,477		98,874
Liabilities Settled (1)	(54,027)		(58,673)
Accretion	47,083		43,462
Revisions	53,888		72,425
Foreign Currency Translations	1,407		245
Carrying Amount at End of Period	$	1,216,538	$	1,110,710
Current Portion	$	49,548	$	37,127
Noncurrent Portion	$	1,166,990	$	1,073,583

(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 Consolidated Balance Sheets.