Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Notes To Financial Statements [Abstract]

Deferred Income Tax Liabilities, Net Table

The principal components of EOG's net deferred income tax liabilities at December 31, 2012 and 2011 were as follows (in thousands):

				2012		2011
Noncurrent Deferred Income Tax Assets (Liabilities)
	Foreign Oil and Gas Exploration and Development Costs Deducted for Tax Over Book Depreciation, Depletion and Amortization		$	25,592	$	(57,850)
	Foreign Net Operating Loss			164,829		62,477
	Foreign Other			1,607		314
	Foreign Valuation Allowances			(134,792)		-
		Total Net Noncurrent Deferred Income Tax Assets	$	57,236	$	4,941
Current Deferred Income Tax (Assets) Liabilities
	Commodity Hedging Contracts		$	57,754	$	158,302
	Deferred Compensation Plans			(35,715)		(28,346)
	Timing Differences Associated with Different Year-ends in Foreign Jurisdictions			2,762		6,251
	Other			(1,963)		(218)
		Total Net Current Deferred Income Tax Liabilities	$	22,838	$	135,989
Noncurrent Deferred Income Tax (Assets) Liabilities
	Oil and Gas Exploration and Development Costs Deducted for Tax Over Book Depreciation, Depletion and Amortization		$	5,300,115	$	5,485,436
	Non-Producing Leasehold Costs			(61,512)		(66,926)
	Seismic Costs Capitalized for Tax			(125,026)		(111,862)
	Equity Awards			(116,666)		(120,852)
	Capitalized Interest			102,677		106,265
	Net Operating Loss			(308,154)		(1,152,386)
	Alternative Minimum Tax Credit Carryforward			(476,505)		(298,350)
	Other			12,467		25,894
		Total Net Noncurrent Deferred Income Tax Liabilities	$	4,327,396	$	3,867,219
Total Net Deferred Income Tax Liabilities			$	4,292,998	$	3,998,267

Components Of Income Before Income Taxes Table

The components of Income Before Income Taxes for the years indicated below were as follows (in thousands):

			2012		2011		2010
United States		$	1,988,105	$	2,156,147	$	646,495
Foreign			(707,365)		(246,348)		(238,519)
	Total	$	1,280,740	$	1,909,799	$	407,976

Components of Income Tax Provision Table

The principal components of EOG's Income Tax Provision for the years indicated below were as follows (in thousands):

				2012		2011		2010
Current:
	Federal		$	242,674	$	94,244	$	17,154
	State			22,573		1,083		(1,642)
	Foreign			152,276		224,049		155,565
		Total		417,523		319,376		171,077
Deferred:
	Federal			454,173		608,181		190,602
	State			632		40,321		60,619
	Foreign			(161,867)		(149,202)		(174,976)
		Total		292,938		499,300		76,245
Income Tax Provision			$	710,461	$	818,676	$	247,322

Tax Rate Reconciliation Table

The differences between taxes computed at the United States federal statutory tax rate and EOG's effective rate were as follows:

		2012	2011	2010
Statutory Federal Income Tax Rate		35.00%	35.00%	35.00%
State Income Tax, Net of Federal Benefit		1.18	1.41	9.39
Income Tax Provision Related to Foreign Operations		1.38	0.88	(0.03)
Income Tax Provision Related to Trinidad Operations		(0.27)	3.37	6.26
Canadian Valuation Allowances		10.57	-	-
Canadian Natural Gas Impairments		6.90	1.85	9.49
Other		0.71	0.36	0.51
	Effective Income Tax Rate	55.47%	42.87%	60.62%