Exploratory Well Costs

6 Months Ended

Jun. 30, 2024

Oil and Gas, Capitalized Exploratory Well Cost [Abstract]

Exploratory Well Costs

Exploratory Well Costs

EOG's net changes in capitalized exploratory well costs for the six-month period ended June 30, 2024, are presented below (in millions):

	Six Months Ended June 30, 2024
Balance at January 1	$	76
Additions Pending the Determination of Proved Reserves	54
Reclassifications to Proved Properties	(52)
Costs Charged to Expense (1)	(1)
Balance at June 30	$	77

(1)    Includes capitalized exploratory well costs charged to dry hole costs.

At June 30, 2024, EOG had one exploratory well capitalized for a period of greater than one year.