Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Stock-Based Compensation [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

As more fully discussed in Note 6 to the Consolidated Financial Statements included in EOG's 2012 Annual Report, EOG maintains various stock-based compensation plans. Stock-based compensation expense is included on the Consolidated Statements of Income and Comprehensive Income based upon the job function of the employees receiving the grants as follows (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Lease and Well	$	8.4	$	8.0	$	18.2	$	16.5
Gathering and Processing Costs		0.3		0.3		0.6		0.5
Exploration Costs		6.4		6.3		13.9		12.9
General and Administrative		12.2		12.5		25.0		25.5
Total	$	27.3	$	27.1	$	57.7	$	55.4

Weighted Average Fair Values and Valuation Assumptions

Weighted average fair values and valuation assumptions used to value stock option, SAR and ESPP grants during the six-month periods ended June 30, 2013 and 2012 are as follows:

	Stock Options/SARs						ESPP
	Six Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Weighted Average Fair Value of Grants	$	38.66		$	35.65		$	28.80		$	28.24
Expected Volatility		35.82	%		39.97	%		29.95	%		46.42	%
Risk-Free Interest Rate		0.48	%		0.49	%		0.12	%		0.06	%
Dividend Yield		0.6	%		0.7	%		0.6	%		0.6	%
Expected Life	5.5 yrs			5.5 yrs			0.5 yrs			0.5 yrs

Stock Options and SARs Transactions

The following table sets forth stock option and SAR transactions for the six-month periods ended June 30, 2013 and 2012 (stock options and SARs in thousands):

	Six Months Ended					Six Months Ended
	June 30, 2013					June 30, 2012
				Weighted					Weighted
	Number of			Average		Number of			Average
	Stock			Grant		Stock			Grant
	Options/SARs			Price		Options/SARs			Price
Outstanding at January 1		6,219		$	85.81		8,374		$	70.01
Granted		31			125.59		46			106.00
Exercised (1)		(969	)		65.62		(920	)		60.34
Forfeited		(56	)		96.03		(82	)		88.85
Outstanding at June 30 (2)		5,225		$	89.69		7,418		$	71.23
Vested or Expected to Vest (3)		4,997		$	89.33		7,179		$	70.69
Exercisable at June 30 (4)		2,255		$	79.97		4,379		$	60.20

(1) The total intrinsic value of stock options/SARs exercised for the six months ended June 30, 2013 and 2012 was $62.1 million and $45.4 million, respectively.  The intrinsic value is based upon the difference between the market price of EOG's common stock on the date of exercise and the grant price of the stock options/SARs.

(2) The total intrinsic value of stock options/SARs outstanding at June 30, 2013 and 2012 was $219.5 million and $147.8 million, respectively.  At June 30, 2013 and 2012, the weighted average remaining contractual life was 4.1 years and 3.4 years, respectively.

(3) The total intrinsic value of stock options/SARs vested or expected to vest at June 30, 2013 and 2012 was $211.7 million and $146.7 million, respectively.  At June 30, 2013 and 2012, the weighted average remaining contractual life was 4.1 years and 3.3 years, respectively.

(4) The total intrinsic value of stock options/SARs exercisable at June 30, 2013 and 2012 was $116.7 million and $134.3 million, respectively.  At June 30, 2013 and 2012, the weighted average remaining contractual life was 2.6 years and 2.0 years, respectively.

Restricted Stock and Restricted Stock Unit Transactions

The following table sets forth restricted stock and restricted stock units transactions for the six-month periods ended June 30, 2013 and 2012 (shares and units in thousands):

	Six Months Ended					Six Months Ended
	June 30, 2013					June 30, 2012
				Weighted					Weighted
	Number of			Average		Number of			Average
	Shares and			Grant Date		Shares and			Grant Date
	Units			Fair Value		Units			Fair Value
Outstanding at January 1		3,818		$	91.06		4,240		$	82.93
Granted		265			128.50		290			112.08
Released (1)		(293	)		123.64		(490	)		70.97
Forfeited		(54	)		94.39		(75	)		88.78
Outstanding at June 30 (2)		3,736		$	91.11		3,965		$	86.42

(1) The total intrinsic value of restricted stock and restricted stock units released for the six months ended June 30, 2013 and 2012 was $35.4 million and $55.7 million, respectively.  The intrinsic value is based upon the closing price of EOG's common stock on the date restricted stock and restricted stock units are released.

(2) The total intrinsic value of restricted stock and restricted stock units outstanding at June 30, 2013 and 2012 was $491.9 million and $357.3 million, respectively.