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Risk Management Activities (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
Natural Gas Financial Price Swap Contracts
Contracts Sold
PeriodSettlement IndexVolume
(MMBtud in thousands)		Weighted Average Price
($/MMBtu)
January - April 2024 (closed)New York Mercantile Exchange (NYMEX) Henry Hub725 $3.07 
May - December 2024NYMEX Henry Hub725 3.07 
January - December 2025NYMEX Henry Hub725 3.07 
Natural Gas Basis Swap Contracts
Contracts Sold
PeriodSettlement IndexVolume
(MMBtud in thousands)		Weighted Average Price Differential
($/MMBtu)
January - March 2024 (closed)
NYMEX Henry Hub Houston Ship Channel (HSC) Differential (1)
10 $0.00 
April - December 2024NYMEX Henry Hub HSC Differential10 0.00 
January - December 2025NYMEX Henry Hub HSC Differential10 0.00 
(1)    This settlement index is used to fix the differential between pricing at the Houston Ship Channel and NYMEX Henry Hub prices.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following table sets forth the amounts and classification of EOG's outstanding financial commodity and other derivative instruments at March 31, 2024 and December 31, 2023. Certain amounts may be presented on a net basis on the Condensed Consolidated Financial Statements when such amounts are with the same counterparty and subject to a master netting arrangement (in millions):
   Fair Value at
DescriptionLocation on Balance SheetMarch 31, 2024December 31, 2023
Asset Derivatives
Crude oil, NGLs and natural gas financial derivative contracts -
Current portion
Assets from Price Risk Management Activities (1)
$110 $106 
Brent Linked Gas Sales Contract -
Noncurrent Portion
Other Assets (2)
144— 
Liability Derivatives
Crude oil, NGLs and natural gas derivative contracts -
Noncurrent portion
Other Liabilities (3)
$70 $103 
(1)    The current portion of Assets from Price Risk Management Activities consists of gross assets of $110 million and $106 million at March 31, 2024 and December 31, 2023, respectively.
(2)    The noncurrent portion of Assets from Price Risk Management Activities consists of gross assets of $144 million at March 31, 2024.
(3)    The noncurrent portion of Liabilities from Price Risk Management Activities consists of gross liabilities of $71 million, partially offset by gross assets of $1 million at March 31, 2024. The noncurrent portion of Liabilities from Price Risk Management Activities consists of gross liabilities of $104 million, partially offset by gross assets of $1 million at December 31, 2023.