Oil and Gas Exploration and Production Industries Disclosures | Oil and Gas Producing Activities The following disclosures are made in accordance with Financial Accounting Standards Board Accounting Standards Update No. 2010-03 "Oil and Gas Reserve Estimates and Disclosures" and the United States Securities and Exchange Commission's (SEC) final rule on "Modernization of Oil and Gas Reporting." Oil and Gas Reserves. Users of this information should be aware that the process of estimating quantities of "proved," "proved developed" and "proved undeveloped" crude oil, natural gas liquids (NGLs) and natural gas reserves is complex, requiring significant subjective decisions in the evaluation of all available geological, engineering and economic data for each reservoir. The data for a given reservoir may also change substantially over time as a result of numerous factors, including, but not limited to, additional development activity; evolving production history; crude oil and condensate, NGL and natural gas prices; and continual reassessment of the viability of production under varying economic conditions. Consequently, material revisions (upward or downward) to existing reserve estimates may occur from time to time. Although reasonable effort is made to ensure that reserve estimates reported represent the most accurate assessments possible, the significance of the subjective decisions required and variances in available data for various reservoirs make these estimates generally less precise than other estimates presented in connection with financial statement disclosures. For related discussion, see ITEM 1A, Risk Factors. Proved reserves represent estimated quantities of crude oil, NGLs and natural gas, which, by analysis of geoscience and engineering data, can be estimated, with reasonable certainty, to be economically producible from a given date forward from known reservoirs under then-existing economic conditions, operating methods and government regulations before the time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation. Proved developed reserves are proved reserves expected to be recovered under operating methods being utilized at the time the estimates were made, through wells and equipment in place or if the cost of any required equipment is relatively minor compared to the cost of a new well. Proved undeveloped reserves (PUDs) are reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required for recompletion. Reserves on undrilled acreage are limited to those directly offsetting development spacing areas that are reasonably certain of production when drilled, unless evidence using reliable technology exists that establishes reasonable certainty of economic producibility at greater distances. PUDs can be recorded in respect of a particular undrilled location only if the location is scheduled, under the then-current drilling and development plan, to be drilled within five years from the date that the PUDs are to be recorded, unless specific factors (such as those described in interpretative guidance issued by the Staff of the SEC) justify a longer timeframe. Likewise, absent any such specific factors, PUDs associated with a particular undeveloped drilling location shall be removed from the estimates of proved reserves if the location is scheduled, under the then-current drilling and development plan, to be drilled on a date that is beyond five years from the date that the PUDs were recorded. EOG has formulated development plans for all drilling locations associated with its PUDs at December 31, 2017 . Under these plans, each PUD location will be drilled within five years from the date it was recorded. Estimates for PUDs are not attributed to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual projects in the same reservoir or an analogous reservoir, or by other evidence using reliable technology establishing reasonable certainty. In making estimates of PUDs, EOG's technical staff, including engineers and geoscientists, perform detailed technical analysis of each potential drilling location within its inventory of prospects. In making a determination as to which of these locations would penetrate undrilled portions of the formation that can be judged, with reasonable certainty, to be continuous and contain economically producible crude oil and natural gas, studies are conducted using numerous data elements and analysis techniques. EOG's technical staff estimates the hydrocarbons in place, by mapping the entirety of the play in question using seismic techniques, typically employing two-dimensional and three-dimensional data. This analysis is integrated with other static data, including, but not limited to, core analysis, mechanical properties of the formation, thermal maturity indicators, and well logs of existing penetrations. Highly specialized equipment is utilized to prepare rock samples in assessing microstructures which contribute to porosity and permeability. Analysis of dynamic data is then incorporated to arrive at the estimated fractional recovery of hydrocarbons in place. Data analysis techniques employed include, but are not limited to, well testing analysis, static bottom hole pressure analysis, flowing bottom hole pressure analysis, analysis of historical production trends, pressure transient analysis and rate transient analysis. Application of proprietary rate transient analysis techniques in low permeability rocks allow for quantification of estimates of contribution to production from both fractures and rock matrix. The impact of optimal completion techniques is a key factor in determining if prospective locations are reasonably certain of being economically producible. EOG's technical staff estimates the recovery improvement that might be achieved when completing horizontal wells with multi-stage fracture stimulation. In the early stages of development of a play, EOG determines the optimal length of the horizontal lateral and multi-stage fracture stimulation using the aforementioned analysis techniques along with pilot drilling programs and gathering of microseismic data. The process of analyzing static and dynamic data, well completion optimization and the results of early development activities provides the appropriate level of certainty as well as support for the economic producibility of the plays in which PUDs are reflected. EOG has found this approach to be effective based on successful application in analogous reservoirs in low permeability resource plays. Certain of EOG's Trinidad reserves are held under production sharing contracts where EOG's interest varies with prices and production volumes. Trinidad reserves, as presented on a net basis, assume prices in existence at the time the estimates were made and EOG's estimate of future production volumes. Future fluctuations in prices, production rates or changes in political or regulatory environments could cause EOG's share of future production from Trinidadian reserves to be materially different from that presented. Estimates of proved reserves at December 31, 2017 , 2016 and 2015 were based on studies performed by the engineering staff of EOG. The Engineering and Acquisitions Department is directly responsible for EOG's reserve evaluation process and consists of 13 professionals, all of whom hold, at a minimum, bachelor's degrees in engineering, and four of whom are Registered Professional Engineers. The Vice President, Engineering and Acquisitions is the manager of this department and is the primary technical person responsible for this process. The Vice President, Engineering and Acquisitions holds a Bachelor of Science degree in Petroleum Engineering, has 31 years of experience in reserve evaluations and is a Registered Professional Engineer. EOG's reserves estimation process is a collaborative effort coordinated by the Engineering and Acquisitions Department in compliance with EOG's internal controls for such process. Reserve information as well as models used to estimate such reserves are stored on secured databases. Non-technical inputs used in reserve estimation models, including crude oil, NGL and natural gas prices, production costs, transportation costs, future capital expenditures and EOG's net ownership percentages, are obtained from other departments within EOG. EOG's Internal Audit Department conducts testing with respect to such non-technical inputs. Additionally, EOG engages DeGolyer and MacNaughton (D&M), independent petroleum consultants, to perform independent reserves evaluation of select EOG properties comprising not less than 75% of EOG's estimates of proved reserves. EOG's Board of Directors requires that D&M's and EOG's reserve quantities for the properties evaluated by D&M vary by no more than 5% in the aggregate. Once completed, EOG's year-end reserves are presented to senior management, including the Chairman of the Board and Chief Executive Officer; the President; the Chief Operating Officer; the Executive Vice Presidents, Exploration and Production; and the Executive Vice President and Chief Financial Officer, for approval. Opinions by D&M for the years ended December 31, 2017 , 2016 and 2015 covered producing areas containing 79%, 83% and 86%, respectively, of proved reserves of EOG on a net-equivalent-barrel-of-oil basis. D&M's opinions indicate that the estimates of proved reserves prepared by EOG's Engineering and Acquisitions Department for the properties reviewed by D&M, when compared in total on a net-equivalent-barrel-of-oil basis, do not differ materially from the estimates prepared by D&M. Specifically, such estimates by D&M in the aggregate varied by not more than 5% from those prepared by the Engineering and Acquisitions Department of EOG. All reports by D&M were developed utilizing geological and engineering data provided by EOG. The report of D&M dated January 30, 2018, which contains further discussion of the reserve estimates and evaluations prepared by D&M, as well as the qualifications of D&M's technical person primarily responsible for overseeing such estimates and evaluations, is attached as Exhibit 99.1 to this Annual Report on Form 10-K and incorporated herein by reference. No major discovery or other favorable or adverse event subsequent to December 31, 2017 , is believed to have caused a material change in the estimates of net proved reserves as of that date. The following tables set forth EOG's net proved reserves at December 31 for each of the four years in the period ended December 31, 2017 , and the changes in the net proved reserves for each of the three years in the period ended December 31, 2017 , as estimated by the Engineering and Acquisitions Department of EOG: NET PROVED RESERVE SUMMARY United States Trinidad Other International (1) Total NET PROVED RESERVES Crude Oil (MBbl) (2) Net proved reserves at December 31, 2014 1,129,682 1,339 8,729 1,139,750 Revisions of previous estimates (114,924 ) (1 ) — (114,925 ) Purchases in place 35,922 — — 35,922 Extensions, discoveries and other additions 141,310 63 13 141,386 Sales in place (730 ) — (10 ) (740 ) Production (103,400 ) (332 ) (65 ) (103,797 ) Net proved reserves at December 31, 2015 1,087,860 1,069 8,667 1,097,596 Revisions of previous estimates 42,040 54 861 42,955 Purchases in place 25,795 — — 25,795 Extensions, discoveries and other additions 123,441 — — 123,441 Sales in place (8,791 ) — — (8,791 ) Production (101,854 ) (284 ) (1,273 ) (103,411 ) Net proved reserves at December 31, 2016 1,168,491 839 8,255 1,177,585 Revisions of previous estimates 57,935 80 (179 ) 57,836 Purchases in place 1,111 — — 1,111 Extensions, discoveries and other additions 207,137 301 119 207,557 Sales in place (8,393 ) — — (8,393 ) Production (122,210 ) (322 ) (191 ) (122,723 ) Net proved reserves at December 31, 2017 1,304,071 898 8,004 1,312,973 Natural Gas Liquids (MBbl) (2) Net proved reserves at December 31, 2014 466,930 — 138 467,068 Revisions of previous estimates (113,290 ) — 68 (113,222 ) Purchases in place 8,251 — — 8,251 Extensions, discoveries and other additions 49,147 — — 49,147 Sales in place (84 ) — (187 ) (271 ) Production (28,079 ) — (19 ) (28,098 ) Net proved reserves at December 31, 2015 382,875 — — 382,875 Revisions of previous estimates 53,771 — — 53,771 Purchases in place 1,284 — — 1,284 Extensions, discoveries and other additions 41,862 — — 41,862 Sales in place (33,548 ) — — (33,548 ) Production (29,878 ) — — (29,878 ) Net proved reserves at December 31, 2016 416,366 — — 416,366 Revisions of previous estimates 46,843 — — 46,843 Purchases in place 421 — — 421 Extensions, discoveries and other additions 75,003 — — 75,003 Sales in place (2,887 ) — — (2,887 ) Production (32,273 ) — — (32,273 ) Net proved reserves at December 31, 2017 503,473 — — 503,473 United States Trinidad Other International (1) Total Natural Gas (Bcf) (3) Net proved reserves at December 31, 2014 4,905.5 405.6 31.5 5,342.6 Revisions of previous estimates (1,453.1 ) 16.8 5.6 (1,430.7 ) Purchases in place 72.3 — — 72.3 Extensions, discoveries and other additions 306.3 21.7 4.4 332.4 Sales in place (3.9 ) — (11.1 ) (15.0 ) Production (337.3 ) (127.5 ) (10.9 ) (475.7 ) Net proved reserves at December 31, 2015 3,489.8 316.6 19.5 3,825.9 Revisions of previous estimates 298.4 29.5 5.2 333.1 Purchases in place 91.5 — — 91.5 Extensions, discoveries and other additions 202.1 59.9 — 262.0 Sales in place (752.0 ) — — (752.0 ) Production (308.6 ) (125.1 ) (8.9 ) (442.6 ) Net proved reserves at December 31, 2016 3,021.2 280.9 15.8 3,317.9 Revisions of previous estimates 602.8 (27.4 ) 8.6 584.0 Purchases in place 4.8 — — 4.8 Extensions, discoveries and other additions 619.3 174.2 35.9 829.4 Sales in place (56.4 ) — — (56.4 ) Production (293.2 ) (114.3 ) (9.1 ) (416.6 ) Net proved reserves at December 31, 2017 3,898.5 313.4 51.2 4,263.1 Oil Equivalents (MBoe) (2) Net proved reserves at December 31, 2014 2,414,202 68,937 14,117 2,497,256 Revisions of previous estimates (470,401 ) 2,802 995 (466,604 ) Purchases in place 56,215 — — 56,215 Extensions, discoveries and other additions 241,513 3,682 736 245,931 Sales in place (1,467 ) — (2,039 ) (3,506 ) Production (187,701 ) (21,578 ) (1,896 ) (211,175 ) Net proved reserves at December 31, 2015 2,052,361 53,843 11,913 2,118,117 Revisions of previous estimates 145,542 4,978 1,722 152,242 Purchases in place 42,330 — — 42,330 Extensions, discoveries and other additions 198,973 9,990 — 208,963 Sales in place (167,669 ) — — (167,669 ) Production (183,145 ) (21,150 ) (2,755 ) (207,050 ) Net proved reserves at December 31, 2016 2,088,392 47,661 10,880 2,146,933 Revisions of previous estimates 205,262 (4,493 ) 1,249 202,018 Purchases in place 2,332 — — 2,332 Extensions, discoveries and other additions 385,354 29,340 6,104 420,798 Sales in place (20,687 ) — — (20,687 ) Production (203,351 ) (19,366 ) (1,707 ) (224,424 ) Net proved reserves at December 31, 2017 2,457,302 53,142 16,526 2,526,970 (1) Other International includes EOG's United Kingdom, China, Canada and Argentina operations. The Argentina operations were sold in the third quarter of 2016. (2) Thousand barrels or thousand barrels of oil equivalent, as applicable; oil equivalents include crude oil and condensate, NGLs and natural gas. Oil equivalents are determined using a ratio of 1.0 barrel of crude oil and condensate or NGLs to 6.0 thousand cubic feet of natural gas. (3) Billion cubic feet. During 2017, EOG added 421 million barrels of oil equivalent (MMBoe) of proved reserves from drilling activities and technical evaluation of major proved areas, primarily in the Permian Basin, the Eagle Ford, the Rocky Mountain area and Trinidad. Approximately 67% of the 2017 reserve additions were crude oil and condensate and NGLs, and 92% were in the United States. Sales in place of 21 MMBoe were primarily related to the sale or exchange of certain producing assets. Revisions of previous estimates of 202 MMBoe for 2017 included an upward revision of 154 MMBoe primarily due to increases in the average crude oil and natural gas prices used in the December 31, 2017, reserves estimation as compared to the prices used in the prior year estimate. The primary plays affected were in the Rocky Mountain area, the Eagle Ford and the Permian Basin. Positive revisions other than price of 48 MMBoe resulted primarily from improved well performance in the Permian Basin and lower production costs. Purchases in place of 2 MMBoe were primarily related to the Permian Basin. During 2016, EOG added 209 MMBoe of proved reserves from drilling activities and technical evaluation of major proved areas, primarily in the Permian Basin, the Rocky Mountain area and the Eagle Ford. Approximately 79% of the 2016 reserve additions were crude oil and condensate and NGLs, and 95% were in the United States. Sales in place of 168 MMBoe were primarily related to the disposition of certain producing natural gas assets in the Barnett Shale and Haynesville plays and marginal liquids plays in the Permian Basin and Rocky Mountain area. Revisions of previous estimates of 152 MMBoe for 2016 included a downward revision of 101 MMBoe primarily due to decreases in the average crude oil and natural gas prices used in the December 31, 2016, reserves estimation as compared to the prices used in the prior year estimate. The primary plays affected were the Eagle Ford, the Uinta basin in the Rocky Mountain area, the Permian Basin and the Barnett Shale. Positive revisions other than price of 253 MMBoe resulted primarily from lower production costs and improved performance in the Delaware Basin. Purchases in place of 42 MMBoe were primarily related to the Yates transaction. During 2015, EOG added 246 MMBoe of proved reserves from drilling activities and technical evaluation of major proved areas, primarily in the Permian Basin, the Rocky Mountain area and the Eagle Ford. Approximately 77% of the 2015 reserve additions were crude oil and condensate and NGLs, and 98% were in the United States. Sales in place of 4 MMBoe were primarily related to the disposition of certain producing natural gas assets in Canada, the Permian Basin and the Upper Gulf Coast. Negative revisions of previous estimates of 467 MMBoe for 2015 included a negative revision of 574 MMBoe primarily due to decreases in the average crude oil and natural gas prices used in the December 31, 2015, reserves estimation as compared to the prices used in the prior year estimate. The primary plays affected were the Uinta and Green River basins in the Rocky Mountain area, the Permian Basin and the Barnett Shale. Revisions other than price resulted primarily from improved recovery in the Eagle Ford. United States Trinidad Other International (1) Total NET PROVED DEVELOPED RESERVES Crude Oil (MBbl) December 31, 2014 493,694 1,339 115 495,148 December 31, 2015 444,070 1,069 63 445,202 December 31, 2016 507,531 839 8,255 516,625 December 31, 2017 605,405 898 7,933 614,236 Natural Gas Liquids (MBbl) December 31, 2014 264,611 — 138 264,749 December 31, 2015 205,898 — — 205,898 December 31, 2016 230,219 — — 230,219 December 31, 2017 286,872 — — 286,872 Natural Gas (Bcf) December 31, 2014 3,102.8 396.9 28.6 3,528.3 December 31, 2015 2,211.2 297.6 19.5 2,528.3 December 31, 2016 1,804.4 262.2 15.8 2,082.4 December 31, 2017 2,450.8 299.2 29.3 2,779.3 Oil Equivalents (MBoe) December 31, 2014 1,275,447 67,484 5,016 1,347,947 December 31, 2015 1,018,491 50,677 3,309 1,072,477 December 31, 2016 1,038,483 44,543 10,880 1,093,906 December 31, 2017 1,300,758 50,779 12,798 1,364,335 NET PROVED UNDEVELOPED RESERVES Crude Oil (MBbl) December 31, 2014 635,988 — 8,614 644,602 December 31, 2015 643,790 — 8,604 652,394 December 31, 2016 660,690 — — 660,690 December 31, 2017 698,666 — 71 698,737 Natural Gas Liquids (MBbl) December 31, 2014 202,319 — — 202,319 December 31, 2015 176,977 — — 176,977 December 31, 2016 186,147 — — 186,147 December 31, 2017 216,601 — — 216,601 Natural Gas (Bcf) December 31, 2014 1,802.7 8.7 2.9 1,814.3 December 31, 2015 1,278.6 19.0 — 1,297.6 December 31, 2016 1,216.8 18.7 — 1,235.5 December 31, 2017 1,447.7 14.2 21.9 1,483.8 Oil Equivalents (MBoe) December 31, 2014 1,138,755 1,453 9,101 1,149,309 December 31, 2015 1,033,870 3,166 8,604 1,045,640 December 31, 2016 1,049,909 3,118 — 1,053,027 December 31, 2017 1,156,544 2,363 3,728 1,162,635 (1) Other International includes EOG's United Kingdom, China, Canada and Argentina operations. The Argentina operations were sold in the third quarter of 2016. Net Proved Undeveloped Reserves. The following table presents the changes in EOG's total proved undeveloped reserves during 2017 , 2016 and 2015 (in MBoe): 2017 2016 2015 Balance at January 1 1,053,027 1,045,640 1,149,309 Extensions and Discoveries 237,378 138,101 205,152 Revisions 33,127 64,413 (241,973 ) Acquisition of Reserves — — 54,458 Sale of Reserves (8,253 ) (45,917 ) — Conversion to Proved Developed Reserves (152,644 ) (149,210 ) (121,306 ) Balance at December 31 1,162,635 1,053,027 1,045,640 For the twelve-month period ended December 31, 2017, total PUDs increased by 110 MMBoe to 1,163 MMBoe. EOG added approximately 38 MMBoe of PUDs through drilling activities where the wells were drilled but significant expenditures remained for completion. Based on the technology employed by EOG to identify and record PUDs (see discussion of technology employed on pages F-38 and F-39 of this Annual Report on Form 10-K), EOG added 199 MMBoe. The PUD additions were primarily in the Permian Basin and, to a lesser extent, the Eagle Ford and the Rocky Mountain area, and 74% of the additions were crude oil and condensate and NGLs. During 2017, EOG drilled and transferred 153 MMBoe of PUDs to proved developed reserves at a total capital cost of $1,440 million. Revisions of PUDs totaled positive 33 MMBoe, primarily due to updated type curves resulting from improved performance of offsetting wells in the Permian Basin, the impact of increases in the average crude oil and natural gas prices used in the December 31, 2017, reserves estimation as compared to the prices used in the prior year estimate, and lower costs. During 2017, EOG sold or exchanged 8 MMBoe of PUDs primarily in the Permian Basin. All PUDs, including drilled but uncompleted wells (DUCs), are scheduled for completion within five years of the original reserve booking. For the twelve-month period ended December 31, 2016, total PUDs increased by 7 MMBoe to 1,053 MMBoe. EOG added approximately 21 MMBoe of PUDs through drilling activities where the wells were drilled but significant expenditures remained for completion. Based on the technology employed by EOG to identify and record PUDs, EOG added 117 MMBoe. The PUD additions were primarily in the Permian Basin and, to a lesser extent, the Rocky Mountain area, and 82% of the additions were crude oil and condensate and NGLs. During 2016, EOG drilled and transferred 149 MMBoe of PUDs to proved developed reserves at a total capital cost of $1,230 million. Revisions of PUDs totaled positive 64 MMBoe, primarily due to improved well performance, primarily in the Delaware Basin, and lower production costs, partially offset by the impact of decreases in the average crude oil and natural gas prices used in the December 31, 2016, reserves estimation as compared to the prices used in the prior year estimate. During 2016, EOG sold 46 MMBoe of PUDs primarily in the Haynesville play. All PUDs for drilled but uncompleted wells (DUCs) are scheduled for completion within five years of the original reserve booking. For the twelve-month period ended December 31, 2015, total PUDs decreased by 104 MMBoe to 1,046 MMBoe. EOG added approximately 52 MMBoe of PUDs through drilling activities where the wells were drilled but significant expenditures remained for completion. Based on the technology employed by EOG to identify and record PUDs, EOG added 153 MMBoe. The PUD additions were primarily in the Permian Basin and, to a lesser extent, the Eagle Ford and the Rocky Mountain area, and 80% of the additions were crude oil and condensate and NGLs. During 2015, EOG drilled and transferred 121 MMBoe of PUDs to proved developed reserves at a total capital cost of $2,349 million . Revisions of PUDs totaled negative 242 MMBoe, primarily due to decreases in the average crude oil and natural gas prices used in the December 31, 2015, reserves estimation as compared to the prices used in the prior year estimate. During 2015, EOG did not sell any PUDs and acquired 54 MMBoe of PUDs. Capitalized Costs Relating to Oil and Gas Producing Activities. The following table sets forth the capitalized costs relating to EOG's crude oil and natural gas producing activities at December 31, 2017 and 2016 : 2017 2016 Proved properties $ 48,845,672 $ 45,751,965 Unproved properties 3,710,069 3,840,126 Total 52,555,741 49,592,091 Accumulated depreciation, depletion and amortization (29,191,247 ) (26,247,062 ) Net capitalized costs $ 23,364,494 $ 23,345,029 Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities. The acquisition, exploration and development costs disclosed in the following tables are in accordance with definitions in the Extractive Industries - Oil and Gas Topic of the Accounting Standards Codification (ASC). Acquisition costs include costs incurred to purchase, lease or otherwise acquire property. Exploration costs include additions to exploratory wells, including those in progress, and exploration expenses. Development costs include additions to production facilities and equipment and additions to development wells, including those in progress. The following table sets forth costs incurred related to EOG's oil and gas activities for the years ended December 31, 2017 , 2016 and 2015 : United States Trinidad Other International (1) Total 2017 Acquisition Costs of Properties Unproved (2) $ 424,118 $ 2,422 $ — $ 426,540 Proved (3) 72,584 — — 72,584 Subtotal 496,702 2,422 — 499,124 Exploration Costs 144,499 62,547 16,553 223,599 Development Costs (4) 3,590,899 109,491 16,297 3,716,687 Total $ 4,232,100 $ 174,460 $ 32,850 $ 4,439,410 2016 Acquisition Costs of Properties Unproved (5) $ 3,216,598 $ — $ 36 $ 3,216,634 Proved (6) 749,023 — — 749,023 Subtotal 3,965,621 — 36 3,965,657 Exploration Costs 156,295 2,695 6,761 165,751 Development Costs (7) 2,252,713 72,147 (10,984 ) 2,313,876 Total $ 6,374,629 $ 74,842 $ (4,187 ) $ 6,445,284 2015 Acquisition Costs of Properties Unproved $ 133,801 $ — $ 56 $ 133,857 Proved 480,617 — — 480,617 Subtotal 614,418 — 56 614,474 Exploration Costs 206,814 22,837 23,041 252,692 Development Costs (8) 3,847,813 102,715 110,589 4,061,117 Total $ 4,669,045 $ 125,552 $ 133,686 $ 4,928,283 (1) Other International primarily consists of EOG's United Kingdom, China, Canada and Argentina operations. The Argentina operations were sold in the third quarter of 2016. (2) Includes non-cash unproved leasehold acquisition costs of $256 million related to property exchanges. (3) Includes non-cash proved property acquisition costs of $26 million related to property exchanges. (4) Includes Asset Retirement Costs of $50 million , $2 million and $4 million for the United States, Trinidad and Other International, respectively. Excludes other property, plant and equipment. (5) Includes non-cash unproved leasehold acquisition costs of $3,102 million related to the Yates transaction. (6) Includes non-cash proved property acquisition costs of $732 million related to the Yates transaction. (7) Includes Asset Retirement Costs of $25 million , $(3) million and $(42) million for the United States, Trinidad and Other International, respectively. Excludes other property, plant and equipment. (8) Includes Asset Retirement Costs of $32 million , $15 million and $6 million for the United States, Trinidad and Other International, respectively. Excludes other property, plant and equipment. Results of Operations for Oil and Gas Producing Activities (1) . The following table sets forth results of operations for oil and gas producing activities for the years ended December 31, 2017 , 2016 and 2015 : United States Trinidad Other International (2) Total 2017 Crude Oil and Condensate, Natural Gas Liquids and Natural Gas Revenues $ 7,570,768 $ 284,673 $ 52,450 $ 7,907,891 Other 81,610 59 (59 ) 81,610 Total 7,652,378 284,732 52,391 7,989,501 Exploration Costs 113,334 26,245 5,763 145,342 Dry Hole Costs 91 — 4,518 4,609 Transportation Costs 737,403 1,885 1,064 740,352 Production Costs 1,446,333 27,839 88,038 1,562,210 Impairments 477,223 — 2,017 479,240 Depreciation, Depletion and Amortization 3,157,056 115,174 24,536 3,296,766 Income (Loss) Before Income Taxes 1,720,938 113,589 (73,545 ) 1,760,982 Income Tax Provision (Benefit) 625,562 24,882 (1,342 ) 649,102 Results of Operations $ 1,095,376 $ 88,707 $ (72,203 ) $ 1,111,880 2016 Crude Oil and Condensate, Natural Gas Liquids and Natural Gas Revenues $ 5,177,989 $ 243,708 $ 75,046 $ 5,496,743 Other 81,386 (8 ) 25 81,403 Total 5,259,375 243,700 75,071 5,578,146 Exploration Costs 115,990 2,647 6,316 124,953 Dry Hole Costs 10,529 — 128 10,657 Transportation Costs 753,791 1,181 9,134 764,106 Production Costs 1,163,827 27,113 63,073 1,254,013 Impairments 611,297 7,773 1,197 620,267 Depreciation, Depletion and Amortization 3,249,792 145,440 42,052 3,437,284 Income (Loss) Before Income Taxes (645,851 ) 59,546 (46,829 ) (633,134 ) Income Tax Provision (Benefit) (230,377 ) 5,526 (1,562 ) (226,413 ) Results of Operations $ (415,474 ) $ 54,020 $ (45,267 ) $ (406,721 ) 2015 Crude Oil and Condensate, Natural Gas Liquids and Natural Gas Revenues $ 5,962,753 $ 381,761 $ 58,744 $ 6,403,258 Other 47,464 (3 ) 448 47,909 Total 6,010,217 381,758 59,192 6,451,167 Exploration Costs 139,753 2,071 7,670 149,494 Dry Hole Costs 956 5,635 8,155 14,746 Transportation Costs 838,428 1,290 9,601 849,319 Production Costs 1,486,189 28,862 66,080 1,581,131 Impairments 6,402,908 — 210,638 6,613,546 Depreciation, Depletion and Amortization 3,017,386 154,588 18,469 3,190,443 Income (Loss) Before Income Taxes (5,875,403 ) 189,312 (261,421 ) (5,947,512 ) Income Tax Provision (2,128,183 ) 43,739 (2,111 ) (2,086,555 ) Results of Operations $ (3,747,220 ) $ 145,573 $ (259,310 ) $ (3,860,957 ) (1) Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2017 . (2) Other International primarily consists of EOG's United Kingdom, China, Canada and Argentina operations. The Argentina operations were sold in the third quarter of 2016. The following table sets forth production costs per barrel of oil equivalent, excluding severance/production and ad valorem taxes, for the years ended December 31, 2017 , 2016 and 2015 : United States Trinidad Other International (1) Composite Year Ended December 31, 2017 $ 4.58 $ 1.39 $ 50.86 $ 4.66 Year Ended December 31, 2016 $ 4.58 $ 1.23 $ 22.43 $ 4.48 Year Ended December 31, 2015 $ 5.81 $ 1.29 $ 33.78 $ 5.85 (1) Other International primarily consists of EOG's United Kingdom, China, Canada and Argentina operations. The Argentina operations were sold in the third quarter of 2016. Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves. The following information has been developed utilizing procedures prescribed by the Extractive Industries - Oil and Gas Topic of the ASC and based on crude oil, NGL and natural gas reserves and production volumes estimated by the Engineering and Acquisitions Department of EOG. The estimates were based on a 12-month average for commodity prices for the years 2017 , 2016 and 2015 . The following information may be useful for certain comparative purposes, but should not be solely relied upon in evaluating EOG or its performance. Further, information contained in the following table should not be considered as representative of realistic assessments of future cash flows, nor should the Standardized Measure of Discounted Future Net Cash Flows be viewed as representative of the current value of EOG. The future cash flows presented below are based on sales prices, cost rates and statutory income tax rates in existence as of the date of the projections. It is expected that material revisions to some estimates of crude oil, NGL and natura |