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v3.21.2

Risk Management Activities (Details) MMBTU in Thousands | 6 Months Ended |
--- | --- | ---
Jun. 30, 2021 USD ($) MMBTU $ / bbl MBbls | Jun. 30, 2020 USD ($) | Dec. 31, 2020 USD ($)
Derivatives, Fair Value [Line Items] |  |  |  |
Assets from Price Risk Management Activities | $ |  | $ 0 |  | $ 65,000,000
Liabilities from Price Risk Management Activities | $ |  | 396,000,000 |  | 0
Net Cash Received from (Payments for) Settlements of Commodity Derivative Contracts | $ |  | (223,000,000) | $ 724,000,000 |
Derivative Collateral [Abstract] |  |  |  |
Collateral Had on Derivative | $ |  | 107,000,000 |  | 0
Collateral Held on Derivative | $ |  | 0 |  | 0
Price Risk Derivative |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Derivative Liability, Noncurrent | $ |  | 14,000,000 |  | 1,000,000
Other Assets | $ |  | 0 |  | 1,000,000
Derivative Contracts - Year Two |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Net Cash Received from (Payments for) Settlements of Commodity Derivative Contracts | $ |  | 600,000 |  |
Assets From Price Risk Management Activities | Price Risk Derivative |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Assets from Price Risk Management Activities | $ |  | 0 |  | 65,000,000
Liabilities From Price Risk Management Activities |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Liabilities from Price Risk Management Activities | $ |  | 430,000,000 |  |
Other Assets | $ |  | 34,000,000 |  |
Liabilities From Price Risk Management Activities | Price Risk Derivative |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Liabilities from Price Risk Management Activities | $ | [1] | $ 396,000,000 |  | $ 0
Crude Oil | Derivative Contracts - January (closed) | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 151,000 |  |
Weighted Average Price |  | 50.06 |  |
Crude Oil | Derivative Contracts - February through March (closed) | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 201,000 |  |
Weighted Average Price |  | 51.29 |  |
Crude Oil | Derivative Contracts - April through May (closed) [Member] | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 150,000 |  |
Weighted Average Price |  | 51.68 |  |
Crude Oil | Derivative Contracts - July through September | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 150,000 |  |
Weighted Average Price |  | 52.71 |  |
Crude Oil | Derivative Contracts - January through March - Year Two | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 140,000 |  |
Weighted Average Price |  | 65.58 |  |
Crude Oil | Derivative Contracts - April through June - Year Two [Member] | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 100,000 |  |
Weighted Average Price |  | 64.98 |  |
Crude Oil | Derivative Contracts - July through September - Year Two [Member] | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 60,000 |  |
Weighted Average Price |  | 64.26 |  |
Crude Oil | Derivative Contracts - October through December - Year Two [Member] | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 30,000 |  |
Weighted Average Price |  | 63.59 |  |
Crude Oil | Derivative Contracts - February (closed) | Roll Differential Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls | [2] | 30,000 |  |
Weighted Average Price | [2] | 0.11 |  |
Crude Oil | Derivative Contracts - March through July (closed) | Roll Differential Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls | [2] | 125,000 |  |
Weighted Average Price | [2] | 0.17 |  |
Crude Oil | Derivative Contracts - August through December | Roll Differential Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls | [2] | 125,000 |  |
Weighted Average Price | [2] | 0.17 |  |
Crude Oil | Derivative Contracts - Year Two | Roll Differential Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls | [2] | 125,000 |  |
Weighted Average Price | [2] | 0.15 |  |
Natural Gas Liquids | Derivative Contracts - January through June (closed) | Mont Belvieu Propane Price Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 15,000 |  |
Weighted Average Price |  | 29.44 |  |
Natural Gas Liquids | Derivative Contracts - July through December | Mont Belvieu Propane Price Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (Bbld) | MBbls |  | 15,000 |  |
Weighted Average Price |  | 29.44 |  |
Natural Gas | Derivative Contracts - Year Two | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU | [3] | 20 |  |
Weighted Average Price | [3] | 2.75 |  |
Natural Gas | Derivative Contracts - January through March (closed) | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 500 |  |
Weighted Average Price |  | 2.99 |  |
Natural Gas | Derivative Contracts - April through July (closed) | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 500 |  |
Weighted Average Price |  | 2.99 |  |
Natural Gas | Derivative Contracts - April through July (closed) | Japan Korea Marker Price Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 70 |  |
Weighted Average Price |  | 6.65 |  |
Natural Gas | Derivative Contracts - August through September | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 500 |  |
Weighted Average Price |  | 2.99 |  |
Natural Gas | Derivative Contracts - August through September | Japan Korea Marker Price Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 70 |  |
Weighted Average Price |  | 6.65 |  |
Natural Gas | Derivative Contracts - October though December | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 500 |  |
Weighted Average Price |  | 2.99 |  |
Natural Gas | Offsetting Derivative Contracts - January through March (closed) | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 500 |  |
Weighted Average Price |  | 2.43 |  |
Natural Gas | OffSetting Derivative Contracts - October through December | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 500 |  |
Weighted Average Price |  | 2.83 |  |
Natural Gas | OffSetting Derivative Contracts - Year Two | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU | [3] | 0 |  |
Weighted Average Price | [3] | 0 |  |
Natural Gas | Offsetting Derivative Contracts - April through July (closed) | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 570 |  |
Weighted Average Price |  | 2.81 |  |
Natural Gas | Offsetting Derivative Contracts - April through July (closed) | Japan Korea Marker Price Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 0 |  |
Weighted Average Price |  | 0 |  |
Natural Gas | OffSetting Derivative Contracts - August through September | Price Swaps |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 570 |  |
Weighted Average Price |  | 2.81 |  |
Natural Gas | OffSetting Derivative Contracts - August through September | Japan Korea Marker Price Swap |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |
Volume (MMBtud) | MMBTU |  | 0 |  |
Weighted Average Price |  | 0 |  |
[1] | The current portion of Liabilities from Price Risk Management Activities consists of gross liabilities of $430 million, partially offset by gross assets of $34 million, at June 30, 2021.
[2] | This settlement index is used to fix the differential in pricing between the NYMEX calendar month average and the physical crude oil delivery month.
[3] | In January 2021, EOG executed the early termination provision granting EOG the right to terminate all of its open 2022 natural gas price swap contracts. EOG received net cash of $0.6 million for the settlement of these contracts.

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