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Exploratory Well Costs | 9 Months Ended
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Sep. 30, 2012
Exploratory Well Costs [Abstract] |
Exploratory Well Costs [Text Block] | 7. Exploratory Well Costs EOG's net changes in capitalized exploratory well costs for the nine-month period ended September 30, 2012 are presented below (in thousands):
|  | Nine Months Ended |
|  | September 30, 2012 |
Balance at December 31, 2011 |  | $ | 61,111 |
Additions Pending the Determination of Proved Reserves |  |  | 69,533 |
Reclassifications to Proved Properties |  |  | (53,060 | )
Charged to Dry Hole Costs |  |  | (11,179 | )
Foreign Currency Translations |  |  | 1,305 |
Balance at September 30, 2012 |  | $ | 67,710 |
______________________________________________________________________________________________________________________________________ EOG RESOURCES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) (Unaudited) The following table provides an aging of capitalized exploratory well costs at September 30, 2012 (in thousands, except well count):
|  | At |  |  |  |
|  | September 30, |  |  |  |
|  | 2012 |  |  |  |
Capitalized exploratory well costs that have been capitalized for a period less than one year |  | $ | 40,650 |  |  |  |
Capitalized exploratory well costs that have been capitalized for a period greater than one year |  |  | 27,060 |  |  |  |  | (1)
Total |  | $ | 67,710 |  |  |  |  |
Number of exploratory wells that have been capitalized for a period greater than one year |  |  | 2 |  |  |  |  |
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(1) | Consists of costs related to an outside operated, offshore Central North Sea natural gas project in the United Kingdom (U.K.) ($21 million) and a shale project in the Horn River Basin area of British Columbia, Canada (B.C.) ($6 million). In the Central North Sea Columbus project, a revised field development plan was submitted to the U.K. Department of Energy and Climate Change during the third quarter of 2012. In the B.C. shale project, EOG drilled seven wells in the first nine months of 2012 to retain land and further evaluate the project.

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- Definition The entire disclosure for parts or all of the information related to suspended well costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=8451039&loc=d3e61939-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS19-1 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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