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Long-Term Debt | 12 Months Ended
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Dec. 31, 2012
Notes To Financial Statements [Abstract] |
Long-Term Debt [Text Block] | 2. Long-Term Debt Long-Term Debt at December 31, 2012 and 2011 consisted of the following (in thousands):
|  | 2012 |  | 2011
6.125% Senior Notes due 2013 | $ | 400,000 | $ | 400,000
Floating Rate Senior Notes due 2014 |  | 350,000 |  | 350,000
2.95% Senior Notes due 2015 |  | 500,000 |  | 500,000
2.500% Senior Notes due 2016 |  | 400,000 |  | 400,000
5.875% Senior Notes due 2017 |  | 600,000 |  | 600,000
6.875% Senior Notes due 2018 |  | 350,000 |  | 350,000
5.625% Senior Notes due 2019 |  | 900,000 |  | 900,000
4.40% Senior Notes due 2020 |  | 500,000 |  | 500,000
4.100% Senior Notes due 2021 |  | 750,000 |  | 750,000
2.625% Senior Notes due 2023 |  | 1,250,000 |  | -
6.65% Senior Notes due 2028 |  | 140,000 |  | 140,000
4.75% Subsidiary Debt due 2014 |  | 150,000 |  | 150,000
Total Long-Term Debt |  | 6,290,000 |  | 5,040,000
Capital Lease Obligation |  | 62,968 |  | -
Less: | Current Portion of Long-Term Debt |  | 406,579 |  | -
| Unamortized Debt Discount |  | 40,787 |  | 30,834
Total Long-Term Debt, Net | $ | 5,905,602 | $ | 5,009,166
At December 31, 2012, the aggregate annual maturities of long-term debt were $400 million in 2013, $500 million in 2014, $500 million in 2015, $400 million in 2016 and $600 million in 2017. All subsidiary debt is guaranteed by EOG. During 2012 and 2011, EOG utilized commercial paper and short-term borrowings from uncommitted credit facilities, bearing market interest rates, for various corporate financing purposes. EOG had no outstanding borrowings from commercial paper or uncommitted credit facilities at December 31, 2012. The average borrowings outstanding under the commercial paper program and uncommitted credit facilities were $236 million and $41 thousand, respectively, during the year ended December 31, 2012. The weighted average interest rates for commercial paper and uncommitted credit facility borrowings for 2012 was 0.45% and 0.70%, respectively. On September 10, 2012, EOG closed its sale of $1.25 billion aggregate principal amount of its 2.625% Senior Notes due 2023 (Notes). Interest on the Notes is payable semi-annually in arrears on March 15 and September 15 of each year, beginning March 15, 2013. Net proceeds from the Notes offering of approximately $1,234 million were used for general corporate purposes, including repayment of outstanding commercial paper borrowings and funding of capital expenditures. The Notes were issued through a public offering with an effective interest rate of 2.784%. On October 11, 2011, EOG entered into a $2.0 billion senior unsecured Revolving Credit Agreement (2011 Facility) among EOG, JPMorgan Chase Bank, N.A., as Administrative Agent, the financial institutions as bank parties thereto (Banks) and the other parties thereto. The 2011 Facility replaced EOG's $1.0 billion senior unsecured Revolving Credit Agreement, dated as of June 28, 2005, which had a scheduled maturity date of June 28, 2012, and EOG's $1.0 billion senior unsecured Revolving Credit Agreement, dated as of September 10, 2010, which had a scheduled maturity date of September 10, 2013. The 2011 Facility has a scheduled maturity date of October 11, 2016 and includes an option for EOG to extend, on up to two occasions, the term for successive one-year periods, subject to, among certain other terms and conditions, the consent of the banks holding greater than 50% of the commitments then outstanding under the 2011 Facility. The 2011 Facility commits the Banks to provide advances up to an aggregate principal amount of $2.0 billion at any one time outstanding, with an option for EOG to request increases in the aggregate commitments to an amount not to exceed $3.0 billion, subject to certain terms and conditions. Advances under the 2011 Facility accrue interest based, at EOG's option, on either the London InterBank Offered Rate (LIBOR) plus an applicable margin (Eurodollar rate), or the base rate (as defined in the 2011 Facility) plus an applicable margin. At December 31, 2012, there were no borrowings or letters of credit outstanding under the 2011 Facility. The Eurodollar rate and applicable base rate, had there been any amounts borrowed under the 2011 Facility, would have been 1.08% and 3.25%, respectively. The 2011 Facility contains representations, warranties, covenants and events of default that are customary for investment grade, senior unsecured commercial bank credit agreements, including a financial covenant for the maintenance of a total debt-to-total capitalization ratio of no greater than 65%. At December 31, 2012, and during the year then ended, EOG believes that it was in compliance with this financial debt covenant. EOG Resources Canada Inc., a wholly-owned subsidiary of EOG, has outstanding notes with an aggregate principal amount of $150 million, an interest rate of 4.75% and a maturity date of March 15, 2014. In conjunction with the offering, EOG entered into a foreign currency swap transaction with multiple banks for the equivalent amount of the notes and related interest, which has in effect converted this indebtedness into $201.3 million Canadian dollars with a 5.275% interest rate. EOG accounts for the foreign currency swap transaction using the hedge accounting method (see Note 11). Capital Lease. During the third quarter of 2012, EOG began leasing certain newly constructed crude oil storage tanks located in the Eagle Ford Shale. The lease has an initial term of 10 years and EOG has an option to extend the lease for an additional 5-year period. EOG determined that the lease qualified as a capital lease for accounting purposes. At December 31, 2012, the capital lease asset is included in Other Property, Plant and Equipment and the related liabilities are included in Long-Term Debt ($56 million) and Current Portion of Long-Term Debt ($7 million) on the Consolidated Balance Sheets. Total aggregate minimum lease payments are approximately $72 million at December 31, 2012.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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