Analysis of Inventory
Inventories, consisting primarily of tubular goods, materials for completion operations and well equipment held for use in the exploration for, and development and production of, crude oil and natural gas reserves, are carried at cost with adjustments made, as appropriate, to recognize any reductions in value.
Source: EOG Resources Inc., Annual Report
EOG Resources Inc., Statement of Financial Position, Inventory
USD $ in thousands
Source: Based on data from EOG Resources Inc. Annual Reports
|Inventories||Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).||EOG Resources Inc.'s inventories declined from 2014 to 2015 and from 2015 to 2016.|