Exploratory Well Costs

9 Months Ended

Sep. 30, 2023

Capitalized Exploratory Well Costs [Abstract]

Exploratory Well Costs

Exploratory Well Costs

EOG's net changes in capitalized exploratory well costs for the nine-month period ended September 30, 2023, are presented below (in millions):

	Nine Months Ended September 30, 2023
Balance at January 1	$	15
Additions Pending the Determination of Proved Reserves	133
Reclassifications to Proved Properties	(35)
Costs Charged to Expense	(1)
Balance at September 30	$	112

	Nine Months Ended September 30, 2023
Capitalized exploratory well costs that have been capitalized for a period of one year or less	$	109
Capitalized exploratory well costs that have been capitalized for a period greater than one year (1)	3
Balance at September 30	$	112
Number of exploratory wells that have been capitalized for a period greater than one year	2

(1)Consists of costs related to projects in the United States at September 30, 2023.