v2.4.0.6
Segment Information
 12 Months Ended
Dec. 31, 2012
Notes To Financial Statements [Abstract]  
Segment Information
10.  Business Segment Information

EOG's operations are all crude oil and natural gas exploration and production related. The Segment Reporting Topic of the ASC establishes standards for reporting information about operating segments in annual financial statements.  Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.  EOG's chief operating decision making process is informal and involves the Chairman of the Board and Chief Executive Officer and other key officers.  This group routinely reviews and makes operating decisions related to significant issues associated with each of EOG's major producing areas in the United States, Canada, Trinidad, the United Kingdom, China and Argentina.  For segment reporting purposes, the chief operating decision maker considers the major United States producing areas to be one operating segment.

Financial information by reportable segment is presented below as of and for the years ended December 31, 2012, 2011 and 2010 (in thousands):

 
 
United
 
 
 
 
 
Other
 
 
 
 
States
 
Canada
 
Trinidad
 
International (1)
 
Total
 
 
 
 
 
 
 
 
 
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
Crude Oil and Condensate
$
5,383,612 
$
221,556 
$
50,708
$
3,561 
$
5,659,437
 
Natural Gas Liquids
 
713,497 
 
13,680 
 
-
 
- 
 
727,177
 
Natural Gas
 
951,463 
 
86,361 
 
514,322
 
19,616 
 
1,571,762
 
Gains on Mark-to-Market Commodity Derivative Contracts
 
393,744 
 
- 
 
-
 
- 
 
393,744
 
Gathering, Processing and Marketing
 
3,091,281 
 
- 
 
5,413
 
- 
 
3,096,694
 
Gains on Asset Dispositions, Net
 
166,201 
 
26,459 
 
-
 
- 
 
192,660
 
Other, Net
 
40,780 
 
367 
 
15
 
- 
 
41,162
 
Net Operating Revenues (2)
 
10,740,578 
 
348,423 
 
570,458
 
23,177 
 
11,682,636
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, Depletion and Amortization
 
2,780,563 
 
223,689 
 
147,062
 
18,389 
 
3,169,703
 
Operating Income (Loss)
 
2,233,911 
 
(1,065,434)
 
371,876
 
(60,556)
 
1,479,797
 
Interest Income
 
8,343 
 
123 
 
125
 
180 
 
8,771
 
Other Income (Expense)
 
(12,455)
 
(8,689)
 
20,482
 
6,386 
 
5,724
 
Net Interest Expense
 
242,138 
 
6,589 
 
238
 
(35,413)
 
213,552
 
Income (Loss) Before Income Taxes
 
1,987,661 
 
(1,080,589)
 
392,245
 
(18,577)
 
1,280,740
 
Income Tax Provision (Benefit)
 
707,401 
 
(134,745)
 
140,468
 
(2,663)
 
710,461
 
Additions to Oil and Gas Properties, Excluding Dry Hole Costs
 
6,198,267 
 
302,851 
 
49,376
 
169,852 
 
6,720,346
 
Total Property, Plant and Equipment, Net
 
21,560,998 
 
877,996 
 
535,405
 
363,282 
 
23,337,681
 
Total Assets
 
24,523,072 
 
1,202,031 
 
1,012,727
 
598,748 
 
27,336,578
 
 
 
 
 
 
 
 
 
 
 
 
 
United
 
 
 
 
 
Other
 
 
 
 
States
 
Canada
 
Trinidad
 
International (1)
 
Total
 
 
 
 
 
 
 
 
 
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
Crude Oil and Condensate
$
3,458,248 
$
264,895 
$
112,554 
$
2,587 
$
3,838,284
 
Natural Gas Liquids
 
762,730 
 
16,634 
 
- 
 
- 
 
779,364
 
Natural Gas
 
1,593,964 
 
178,324 
 
442,589 
 
25,663 
 
2,240,540
 
Gains on Mark-to-Market Commodity Derivative Contracts
 
626,053 
 
- 
 
- 
 
- 
 
626,053
 
Gathering, Processing and Marketing
 
2,115,768 
 
- 
 
24 
 
- 
 
2,115,792
 
Gains on Asset Dispositions, Net
 
475,878 
 
17,033 
 
(2)
 
- 
 
492,909
 
Other, Net
 
32,329 
 
258 
 
586 
 
- 
 
33,173
 
Net Operating Revenues (3)
 
9,064,970 
 
477,144 
 
555,751 
 
28,250 
 
10,126,115
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, Depletion and Amortization
 
2,131,706 
 
260,084 
 
107,141 
 
17,450 
 
2,516,381
 
Operating Income (Loss)
 
2,252,508 
 
(459,520)
 
383,992 
 
(63,671)
 
2,113,309
 
Interest Income
 
436 
 
342 
 
101 
 
140 
 
1,019
 
Other Income (Expense)
 
(6,480)
 
(2,375)
 
18,755 
 
(4,066)
 
5,834
 
Net Interest Expense
 
214,360 
 
23,085 
 
- 
 
(27,082)
 
210,363
 
Income (Loss) Before Income Taxes
 
2,032,104 
 
(484,638)
 
402,848 
 
(40,515)
 
1,909,799
 
Income Tax Provision (Benefit)
 
732,362 
 
(125,474)
 
204,698 
 
7,090 
 
818,676
 
Additions to Oil and Gas Properties, Excluding Dry Hole Costs
 
5,790,590 
 
259,634 
 
132,159 
 
58,784 
 
6,241,167
 
Total Property, Plant and Equipment, Net
 
18,711,774 
 
1,760,066 
 
627,794 
 
189,190 
 
21,288,824
 
Total Assets
 
21,313,158 
 
2,131,949 
 
1,085,664 
 
308,026 
 
24,838,797
 
 
 
 
 
 
 
 
 
 
 
2010
 
 
 
 
 
 
 
 
 
 
 
Crude Oil and Condensate
$
1,700,770 
$
178,349 
$
117,605 
$
2,047 
$
1,998,771
 
Natural Gas Liquids
 
448,647 
 
13,698 
 
- 
 
- 
 
462,345
 
Natural Gas
 
1,778,823 
 
285,369 
 
330,247 
 
25,660 
 
2,420,099
 
Gains on Mark-to-Market Commodity Derivative Contracts
 
61,912 
 
- 
 
- 
 
- 
 
61,912
 
Gathering, Processing and Marketing
 
909,660 
 
- 
 
20 
 
- 
 
909,680
 
Gains on Asset Dispositions, Net
 
196,774 
 
23,112 
 
3,652 
 
- 
 
223,538
 
Other, Net
 
19,886 
 
(31)
 
3,696 
 
- 
 
23,551
 
Net Operating Revenues (3)
 
5,116,472 
 
500,497 
 
455,220 
 
27,707 
 
6,099,896
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, Depletion and Amortization
 
1,539,240 
 
315,849 
 
71,085 
 
15,752 
 
1,941,926
 
Operating Income (Loss)
 
787,422 
 
(516,874)
 
312,128 
 
(59,357)
 
523,319
 
Interest Income
 
152 
 
387 
 
120 
 
164 
 
823
 
Other Income (Expense)
 
(3,905)
 
2,067 
 
14,022 
 
1,236 
 
13,420
 
Net Interest Expense
 
112,226 
 
34,350 
 
448 
 
(17,438)
 
129,586
 
Income (Loss) Before Income Taxes
 
671,443 
 
(548,770)
 
325,822 
 
(40,519)
 
407,976
 
Income Tax Provision (Benefit)
 
255,945 
 
(146,495)
 
140,934 
 
(3,062)
 
247,322
 
Additions to Oil and Gas Properties, Excluding Dry Hole Costs
 
4,491,897 
 
446,626 
 
134,198 
 
65,405 
 
5,138,126
 
Total Property, Plant and Equipment, Net
 
15,747,808 
 
2,189,961 
 
595,970 
 
147,161 
 
18,680,900
 
Total Assets
 
17,762,533 
 
2,598,412 
 
954,391 
 
308,897 
 
21,624,233
 
 
 
 
 
 
 
 
 
 
 

(1)Other International primarily includes EOG's United Kingdom, China and Argentina operations.
(2)EOG has sales activity with a single significant purchaser in the United States segment in 2012 that totaled $2.2 billion of consolidated Net Operating Revenues.
(3)EOG had no purchasers in 2011 or 2010 whose sales totaled 10 percent or more of consolidated Net Operating Revenues.