v2.4.0.8

Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2013
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 2012 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 |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Lease and Well |  | $ | 8.4 |  |  | $ | 8.0 |  |  | $ | 18.2 |  |  | $ | 16.5 |
Gathering and Processing Costs |  |  | 0.3 |  |  |  | 0.3 |  |  |  | 0.6 |  |  |  | 0.5 |
Exploration Costs |  |  | 6.4 |  |  |  | 6.3 |  |  |  | 13.9 |  |  |  | 12.9 |
General and Administrative |  |  | 12.2 |  |  |  | 12.5 |  |  |  | 25.0 |  |  |  | 25.5 |
Total |  | $ | 27.3 |  |  | $ | 27.1 |  |  | $ | 57.7 |  |  | $ | 55.4 |
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 six-month periods ended June 30, 2013 and 2012 are as follows:
|  | Stock Options/SARs |  |  | ESPP |
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Weighted Average Fair Value of Grants |  | $ | 38.66 |  |  | $ | 35.65 |  |  | $ | 28.80 |  |  | $ | 28.24 |
Expected Volatility |  |  | 35.82 | % |  |  | 39.97 | % |  |  | 29.95 | % |  |  | 46.42 | %
Risk-Free Interest Rate |  |  | 0.48 | % |  |  | 0.49 | % |  |  | 0.12 | % |  |  | 0.06 | %
Dividend Yield |  |  | 0.6 | % |  |  | 0.7 | % |  |  | 0.6 | % |  |  | 0.6 | %
Expected Life |  | 5.5 yrs |  |  | 5.5 yrs |  |  | 0.5 yrs |  |  | 0.5 yrs |
Stock Options and SARs Transactions | The following table sets forth stock option and SAR transactions for the six-month periods ended June 30, 2013 and 2012 (stock options and SARs in thousands):
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  | Number of |  |  | Average |  |  | Number of |  |  | Average |
|  | Stock |  |  | Grant |  |  | Stock |  |  | Grant |
|  | Options/SARs |  |  | Price |  |  | Options/SARs |  |  | Price |
Outstanding at January 1 |  |  | 6,219 |  |  | $ | 85.81 |  |  |  | 8,374 |  |  | $ | 70.01 |
Granted |  |  | 31 |  |  |  | 125.59 |  |  |  | 46 |  |  |  | 106.00 |
Exercised (1) |  |  | (969 | ) |  |  | 65.62 |  |  |  | (920 | ) |  |  | 60.34 |
Forfeited |  |  | (56 | ) |  |  | 96.03 |  |  |  | (82 | ) |  |  | 88.85 |
Outstanding at June 30 (2) |  |  | 5,225 |  |  | $ | 89.69 |  |  |  | 7,418 |  |  | $ | 71.23 |
Vested or Expected to Vest (3) |  |  | 4,997 |  |  | $ | 89.33 |  |  |  | 7,179 |  |  | $ | 70.69 |
Exercisable at June 30 (4) |  |  | 2,255 |  |  | $ | 79.97 |  |  |  | 4,379 |  |  | $ | 60.20 |
| (1) | The total intrinsic value of stock options/SARs exercised for the six months ended June 30, 2013 and 2012 was $62.1 million and $45.4 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 June 30, 2013 and 2012 was $219.5 million and $147.8 million, respectively. At June 30, 2013 and 2012, the weighted average remaining contractual life was 4.1 years and 3.4 years, respectively.
| (3) | The total intrinsic value of stock options/SARs vested or expected to vest at June 30, 2013 and 2012 was $211.7 million and $146.7 million, respectively. At June 30, 2013 and 2012, the weighted average remaining contractual life was 4.1 years and 3.3 years, respectively.
| (4) | The total intrinsic value of stock options/SARs exercisable at June 30, 2013 and 2012 was $116.7 million and $134.3 million, respectively. At June 30, 2013 and 2012, the weighted average remaining contractual life was 2.6 years and 2.0 years, respectively.
Restricted Stock and Restricted Stock Unit Transactions | The following table sets forth restricted stock and restricted stock units transactions for the six-month periods ended June 30, 2013 and 2012 (shares and units in thousands):
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
|  |  |  |  | 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 |  |  | 3,818 |  |  | $ | 91.06 |  |  |  | 4,240 |  |  | $ | 82.93 |
Granted |  |  | 265 |  |  |  | 128.50 |  |  |  | 290 |  |  |  | 112.08 |
Released (1) |  |  | (293 | ) |  |  | 123.64 |  |  |  | (490 | ) |  |  | 70.97 |
Forfeited |  |  | (54 | ) |  |  | 94.39 |  |  |  | (75 | ) |  |  | 88.78 |
Outstanding at June 30 (2) |  |  | 3,736 |  |  | $ | 91.11 |  |  |  | 3,965 |  |  | $ | 86.42 |
| (1) | The total intrinsic value of restricted stock and restricted stock units released for the six months ended June 30, 2013 and 2012 was $35.4 million and $55.7 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 June 30, 2013 and 2012 was $491.9 million and $357.3 million, respectively.

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -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. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph f -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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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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