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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2014
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 2013 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
 
 
 
March 31,
 
 
 
2014
  
2013
 
 
 
  
 
Lease and Well
 
$
11.6
  
$
9.8
 
Gathering and Processing Costs
  
0.3
   
0.3
 
Exploration Costs
  
7.9
   
7.5
 
General and Administrative
  
15.8
   
12.8
 
Total
 
$
35.6
  
$
30.4
 
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 three-month periods ended March 31, 2014 and 2013 are as follows:

 
 
Stock Options/SARs
  
ESPP
 
 
 
Three Months Ended
  
Three Months Ended
 
 
 
March 31,
  
March 31,
 
 
 
2014
  
2013
  
2014
  
2013
 
 
 
  
  
  
 
Weighted Average Fair Value of Grants
 
$
26.11
  
$
19.31
  
$
18.30
  
$
14.40
 
Expected Volatility
  
35.89
%
  
35.54
%
  
25.83
%
  
29.95
%
Risk-Free Interest Rate
  
0.84
%
  
0.50
%
  
0.09
%
  
0.12
%
Dividend Yield
  
0.48
%
  
0.60
%
  
0.44
%
  
0.60
%
Expected Life
 
5.3
 yrs 
5.6
 yrs 
0.5
 yrs 
0.5
 yrs
Stock Options and SARs Transactions
The following table sets forth stock option and SAR transactions for the three-month periods ended March 31, 2014 and 2013 (stock options and SARs in thousands):

 
 
Three Months Ended
  
Three Months Ended
 
 
 
March 31, 2014
  
March 31, 2013
 
 
 
  
Weighted
  
  
Weighted
 
 
 
Number of
  
Average
  
Number of
  
Average
 
 
 
Stock
  
Grant
  
Stock
  
Grant
 
 
 
Options/SARs
  
Price
  
Options/SARs
  
Price
 
 
 
  
  
  
 
Outstanding at January 1
  
10,452
  
$
54.43
   
12,438
  
$
42.91
 
Granted
  
40
   
84.74
   
30
   
62.52
 
Exercised (1)
  
(353
)
  
44.40
   
(1,122
)
  
31.16
 
Forfeited
  
(66
)
  
61.56
   
(60
)
  
47.25
 
Outstanding at March 31 (2)
  
10,073
  
$
54.85
   
11,286
  
$
44.11
 
 
                
Vested or Expected to Vest (3)
  
9,619
  
$
54.44
   
10,820
  
$
43.91
 
 
                
Exercisable at March 31 (4)
  
4,314
  
$
44.00
   
5,206
  
$
38.95
 

(1)The total intrinsic value of stock options/SARs exercised for the three months ended March 31, 2014 and 2013 was $16.2 million and $36.2 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 March 31, 2014 and 2013 was $435.5 million and $225.1 million, respectively.  At March 31, 2014 and 2013, the weighted average remaining contractual life was 4.4 years and 4.2 years, respectively.
(3)The total intrinsic value of stock options/SARs vested or expected to vest at March 31, 2014 and 2013 was $419.8 million and $218.0 million, respectively.  At March 31, 2014 and 2013, the weighted average remaining contractual life was 4.3 years and 4.1 years, respectively.
(4)The total intrinsic value of stock options/SARs exercisable at March 31, 2014 and 2013 was $233.3 million and $130.7 million, respectively.  At March 31, 2014 and 2013, the weighted average remaining contractual life was 3.0 years and 2.7 years, respectively.
Restricted Stock and Restricted Stock Unit Transactions
The following table sets forth restricted stock and restricted stock unit transactions for the three-month periods ended March 31, 2014 and 2013 (shares and units in thousands):

 
 
Three Months Ended
  
Three Months Ended
 
 
 
March 31, 2014
  
March 31, 2013
 
 
 
  
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
  
7,358
  
$
49.54
   
7,636
  
$
45.53
 
Granted
  
384
   
94.01
   
500
   
64.29
 
Released (1)
  
(838
)
  
24.47
   
(306
)
  
59.81
 
Forfeited
  
(55
)
  
57.73
   
(62
)
  
46.66
 
Outstanding at March 31 (2)
  
6,849
  
$
55.04
   
7,768
  
$
46.17
 

(1)The total intrinsic value of restricted stock and restricted stock units released for the three months ended March 31, 2014 and 2013 was $79.0 million and $19.0 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 March 31, 2014 and 2013 was $671.8 million and $497.4 million, respectively.
Performance Units and Performance Stock Transactions
The following table sets forth performance unit and performance stock transactions for the three-month periods ended March 31, 2014 and 2013 (shares and units in thousands):

 
 
Three Months Ended
  
Three Months Ended
 
 
 
March 31, 2014
  
March 31, 2013
 
 
 
  
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
  
261
  
$
82.18
   
143
  
$
67.05
 
Granted
  
-
   
-
   
-
   
-
 
Released
  
-
   
-
   
-
   
-
 
Forfeited
  
-
   
-
   
-
   
-
 
Outstanding at March 31 (1)
  
261
  
$
82.18
   
143
  
$
67.05
 

(1)The total intrinsic value of performance units and performance stock outstanding at March 31, 2014 and 2013 was $21.9 million and $8.7 million, respectively.