XML 51 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Risk Management Activities (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Derivative [Line Items]          
Subsidiary debt interest rate (in hundredths) 4.75%   4.75%    
Derivatives, Fair Value [Line Items]          
Derivative Assets, Current $ 44,484,000   $ 44,484,000   $ 166,135,000
Derivative Liabilities, Current 174,648,000   174,648,000   7,617,000
Foreign Currency Exchange Rate Derivative [Abstract]          
After-Tax Net Impact Other Comprehensive Income Increase (Decrease) From The Foreign Currency Swap 1,500,000 1,100,000 2,500,000 1,700,000  
Interest Rate Derivative [Abstract]          
Interest Rate Swap, Notional Amount 350,000,000   350,000,000    
After-Tax Net Impact Other Comprehensive Income Increase (Decrease) From Interest Rate Swap 400,000 (200,000) 1,300,000 (400,000)  
Derivative Collateral [Abstract]          
Collateral Held on Derivative 0   0   6,000,000
Collateral Had on Derivaitve 2,000,000   2,000,000   0
Crude Oil and Natural Gas Derivative Contracts [Member] | Assets From Price Risk Management Activities [Member]
         
Derivatives, Fair Value [Line Items]          
Derivative Assets, Current 45,000,000 [1]   45,000,000 [1]   166,000,000 [1]
Derivative Assets, Current, Gross 47,000,000   47,000,000   271,000,000
Derivative Liabilities, Current, Gross 2,000,000   2,000,000   105,000,000
Crude Oil and Natural Gas Derivative Contracts [Member] | Liabilities From Price Risk Management Activities [Member]
         
Derivatives, Fair Value [Line Items]          
Derivative Liabilities, Current 175,000,000 [2]   175,000,000 [2]   8,000,000 [2]
Derivative Assets, Current, Gross 2,000,000   2,000,000   105,000,000
Derivative Liabilities, Current, Gross 177,000,000   177,000,000   113,000,000
Crude Oil and Natural Gas Derivative Contracts [Member] | Other Assets [Member]
         
Derivatives, Fair Value [Line Items]          
Other Assets 3,000,000 [3]   3,000,000 [3]   0 [3]
Derivative Assets, Noncurrent, Gross 4,000,000   4,000,000    
Derivative Liabilities, Noncurrent, Gross 1,000,000   1,000,000    
Crude Oil and Natural Gas Derivative Contracts [Member] | Other Liabilities [Member]
         
Derivatives, Fair Value [Line Items]          
Other Liabilities 0 [4]   0 [4]   13,000,000 [4]
Derivative Assets, Noncurrent, Gross 1,000,000   1,000,000    
Derivative Liabilities, Noncurrent, Gross 1,000,000   1,000,000   13,000,000
Foreign Currency Swap [Member] | Other Current Liabilities [Member]
         
Derivatives, Fair Value [Line Items]          
Derivative Liabilities, Current 46,000,000   46,000,000   0
Foreign Currency Swap [Member] | Other Liabilities [Member]
         
Derivatives, Fair Value [Line Items]          
Other Liabilities 0   0   55,000,000
Interest Rate Swap [Member] | Other Current Liabilities [Member]
         
Derivatives, Fair Value [Line Items]          
Derivative Liabilities, Current 2,000,000   2,000,000   0
Interest Rate Swap [Member] | Other Liabilities [Member]
         
Derivatives, Fair Value [Line Items]          
Other Liabilities $ 0   $ 0   $ 4,000,000
Crude Oil Derivative Contracts January (closed) [Member]
         
Derivative [Line Items]          
Volume (Bbld)     101,000    
Derivative Weighted Average Price Crude Oil ($/Bbl)     99.29    
Crude Oil Derivative Contracts February - April (closed) [Member]
         
Derivative [Line Items]          
Volume (Bbld)     109,000    
Derivative Weighted Average Price Crude Oil ($/Bbl)     99.17    
Crude Oil Derivative Contracts May - June (closed) [Member]
         
Derivative [Line Items]          
Volume (Bbld)     101,000    
Derivative Weighted Average Price Crude Oil ($/Bbl)     99.29    
Crude Oil Derivative Contracts July (closed) [Member]
         
Derivative [Line Items]          
Volume (Bbld)     111,000    
Derivative Weighted Average Price Crude Oil ($/Bbl)     98.25    
Crude Oil Derivative Contracts August - September (closed) [Member]
         
Derivative [Line Items]          
Volume (Bbld)     126,000    
Derivative Weighted Average Price Crude Oil ($/Bbl)     98.80    
Crude Oil Derivative Contracts October - December [Member]
         
Derivative [Line Items]          
Volume (Bbld)     126,000 [5]    
Derivative Weighted Average Price Crude Oil ($/Bbl)     98.80 [5]    
Crude Oil Derivative Contracts Year Two January - March [Member]
         
Derivative [Line Items]          
Volume (Bbld)     103,000 [6]    
Derivative Weighted Average Price Crude Oil ($/Bbl)     96.48 [6]    
Crude Oil Derivative Contracts Year Two January - June [Member]
         
Derivative [Line Items]          
Volumes (Bbld) - Derivative Option Contracts     64,000    
Average Price ($/Bbl) - Derivative Option Contracts     99.58    
Crude Oil Derivative Contracts Year Two April - June [Member]
         
Derivative [Line Items]          
Volume (Bbld)     93,000 [6]    
Derivative Weighted Average Price Crude Oil ($/Bbl)     96.47 [6]    
Crude Oil Derivative Contracts Year Two July - December [Member]
         
Derivative [Line Items]          
Volumes (Bbld) - Derivative Option Contracts     93,000    
Average Price ($/Bbl) - Derivative Option Contracts     96.47    
Crude Oil Derivative Contracts Year Two April - December [Member]
         
Derivative [Line Items]          
Volumes (Bbld) - Derivative Option Contracts     10,000    
Average Price ($/Bbl) - Derivative Option Contracts     96.60    
Crude Oil Derivative Contracts Year Three January - June [Member]
         
Derivative [Line Items]          
Volumes (Bbld) - Derivative Option Contracts     5,000    
Average Price ($/Bbl) - Derivative Option Contracts     95.43    
Natural Gas Derivative Contracts January - April (closed) [Member]
         
Derivative [Line Items]          
Volume (MMBtud)     150,000    
Derivative Weighted Average Price Natural Gas ($/MMBtu)     4.79    
Natural Gas Derivative Contracts May - October (closed) [Member]
         
Derivative [Line Items]          
Volume (MMBtud)     200,000    
Derivative Weighted Average Price Natural Gas ($/MMBtu)     4.72    
Natural Gas Derivative Contracts November - December [Member]
         
Derivative [Line Items]          
Volume (MMBtud)     150,000 [7]    
Derivative Weighted Average Price Natural Gas ($/MMBtu)     4.79 [7]    
Volumes (MMBtud) - Derivative Option Contracts     150,000    
Average Price ($/MMBtu) - Derivative Option Contracts     4.79    
Natural Gas Derivative Contracts Year Two January - December [Member]
         
Derivative [Line Items]          
Volume (MMBtud)     170,000 [8]    
Derivative Weighted Average Price Natural Gas ($/MMBtu)     4.54 [8]    
Volumes (MMBtud) - Derivative Option Contracts     320,000    
Average Price ($/MMBtu) - Derivative Option Contracts     4.66    
[1] The current portion of Assets from Price Risk Management Activities consists of gross assets of $47 million, partially offset by gross liabilities of $2 million at September 30, 2013 and gross assets of $271 million, partially offset by gross liabilities of $105 million at December 31, 2012.
[2] The current portion of Liabilities from Price Risk Management Activities consists of gross liabilities of $177 million, partially offset by gross assets of $2 million at September 30, 2013 and gross liabilities of $113 million, partially offset by gross assets of $105 million at December 31, 2012.
[3] The noncurrent portion of Assets from Price Risk Management Activities consists of gross assets of $4 million, partially offset by gross liabilities of $1 million at September 30, 2013.
[4] The noncurrent portion of Liabilities from Price Risk Management Activities consists of gross liabilities of $1 million, partially offset by gross assets of $1 million at September 30, 2013 and gross liabilities of $13 million at December 31, 2012.
[5] EOG has entered into crude oil derivative contracts which give counterparties the option to extend certain current derivative contracts for an additional six-month period. Options covering a notional volume of 64,000 Bbld are exercisable on December 31, 2013. If the counterparties exercise all such options, the notional volume of EOG's existing crude oil derivative contracts will increase by 64,000 Bbld at an average price of $99.58 per barrel for each month during the period January 1, 2014 through June 30, 2014.
[6] EOG has entered into crude oil derivative contracts which give counterparties the option to extend certain current derivative contracts for additional six-month and nine-month periods. Options covering a notional volume of 10,000 Bbld are exercisable on or about March 31, 2014. If the counterparties exercise all such options, the notional volume of EOG's existing crude oil derivative contracts will increase by 10,000 Bbld at an average price of $96.60 per barrel for each month during the period April 1, 2014 through December 31, 2014. Options covering a notional volume of 93,000 Bbld are exercisable on or about June 30, 2014. If the counterparties exercise all such options, the notional volume of EOG's existing crude oil derivative contracts will increase by 93,000 Bbld at an average price of $96.47 per barrel for each month during the period July 1, 2014 through December 31, 2014. In addition, in connection with the crude oil derivative contracts settled in September 2013, counterparties retain the option to enter into derivative contracts on December 31, 2014. If the counterparties exercise all such options, the notional volume of EOG's existing crude oil derivative contracts will increase by 5,000 Bbld at an average price of $95.43 per barrel for each month during the period January 1, 2015 through June 30, 2015.
[7] EOG has entered into natural gas derivative contracts which give counterparties the option of entering into derivative contracts at future dates. Such options are exercisable monthly up until the settlement date of each monthly contract. For the period November 1, 2013 through December 31, 2013, if the counterparties exercise all such options, the notional volume of EOG's existing natural gas derivative contracts will increase by 150,000 MMBtud at an average price of $4.79 per MMBtu for each month during that period.
[8] EOG has entered into natural gas derivative contracts which give counterparties the option of entering into derivative contracts at future dates. Additionally, in connection with certain natural gas derivative contracts settled in July 2012, counterparties retain an option of entering into derivative contracts at future dates. All such options are exercisable monthly up until the settlement date of each monthly contract. If the counterparties exercise all such options, the notional volume of EOG's existing natural gas derivative contracts will increase by 320,000 MMBtud at an average price of $4.66 per MMBtu for each month during the period January 1, 2014 through December 31, 2014.