v2.4.0.8

Segment Information (Note) | 6 Months Ended
--- | ---
Jun. 30, 2014
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information Disclosure [Text Block] | Segment Information As of June 30, 2014, we have two reportable operating segments, each of which is managed separately because of the nature of its operations. The exploration and production operating segment is responsible for finding and producing natural gas, oil and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of natural gas, oil and NGL. In addition, prior to the spin-off described in Note 2, our former oilfield services operating segment was responsible for drilling, oilfield trucking, oilfield rentals, hydraulic fracturing and other oilfield services operations for both Chesapeake-operated wells and wells operated by third parties. Our former oilfield services segment’s historical financial results for periods prior to the spin-off continue to be included in our historical financial results as a component of continuing operations as reflected in the tables below. Management evaluates the performance of our segments based upon income (loss) before income taxes. Revenues from the sale of natural gas, oil and NGL related to Chesapeake’s ownership interests by the marketing, gathering and compression operating segment are reflected as revenues within our exploration and production operating segment. Such amounts totaled $2.188 billion, $1.933 billion, $4.596 billion and $3.678 billion for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period, respectively. Revenues generated by our former oilfield services operating segment for work performed for Chesapeake’s exploration and production operating segment were reclassified to the full cost pool based on Chesapeake’s ownership interest. Revenues reclassified totaled $274 million, $377 million, $544 million and $735 million the Current Quarter, the Prior Quarter, the Current Period and the Prior Period, respectively. No income was recognized in our condensed consolidated statements of operations related to oilfield services performed for Chesapeake-operated wells. The following table presents selected financial information for Chesapeake’s operating segments:
|  | Exploration and Production |  | Marketing, Gathering and Compression |  | Former Oilfield Services |  | Other |  | Intercompany Eliminations |  | Consolidated Total
|  | ($ in millions)
Three Months Ended June 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,704 |  |  | $ | 5,355 |  |  | $ | 552 |  |  | $ | 3 |  |  | $ | (2,462 | ) |  | $ | 5,152 |
Intersegment revenues |  | — |  |  | (2,188 | ) |  | (274 | ) |  | — |  |  | 2,462 |  |  | — |
Total revenues |  | $ | 1,704 |  |  | $ | 3,167 |  |  | $ | 278 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 5,152 |
Income (Loss) Before Income Taxes |  | $ | 410 |  |  | $ | 109 |  |  | $ | 19 |  |  | $ | (20 | ) |  | $ | (147 | ) |  | $ | 371 |
Three Months Ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,406 |  |  | $ | 3,990 |  |  | $ | 582 |  |  | $ | 14 |  |  | $ | (2,317 | ) |  | $ | 4,675 |
Intersegment revenues |  | — |  |  | (1,933 | ) |  | (377 | ) |  | (7 | ) |  | 2,317 |  |  | — |
Total revenues |  | $ | 2,406 |  |  | $ | 2,057 |  |  | $ | 205 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 4,675 |
Income (Loss) Before Income Taxes |  | $ | 1,162 |  |  | $ | 158 |  |  | $ | 4 |  |  | $ | (213 | ) |  | $ | (102 | ) |  | $ | 1,009 |
Six Months Ended June 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 3,471 |  |  | $ | 10,777 |  |  | $ | 1,060 |  |  | $ | 30 |  |  | $ | (5,140 | ) |  | $ | 10,198 |
Intersegment revenues |  | — |  |  | (4,596 | ) |  | (544 | ) |  | — |  |  | 5,140 |  |  | — |
Total revenues |  | $ | 3,471 |  |  | $ | 6,181 |  |  | $ | 516 |  |  | $ | 30 |  |  | $ | — |  |  | $ | 10,198 |
Income (Loss) Before Income Taxes |  | $ | 1,098 |  |  | $ | 213 |  |  | $ | (16 | ) |  | $ | 39 |  |  | $ | (217 | ) |  | $ | 1,117 |
Six Months Ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 3,858 |  |  | $ | 7,516 |  |  | $ | 1,127 |  |  | $ | 23 |  |  | $ | (4,426 | ) |  | $ | 8,098 |
Intersegment revenues |  | — |  |  | (3,678 | ) |  | (735 | ) |  | (13 | ) |  | 4,426 |  |  | — |
Total revenues |  | $ | 3,858 |  |  | $ | 3,838 |  |  | $ | 392 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 8,098 |
Income (Loss) Before Income Taxes |  | $ | 625 |  |  | $ | 272 |  |  | $ | 26 |  |  | $ | 451 |  |  | $ | (200 | ) |  | $ | 1,174 |
As of June 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 35,527 |  |  | $ | 2,334 |  |  | $ | 50 |  |  | $ | 5,283 |  |  | $ | (2,067 | ) |  | $ | 41,127 |
As of December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 35,341 |  |  | $ | 2,430 |  |  | $ | 2,018 |  |  | $ | 5,750 |  |  | $ | (3,757 | ) |  | $ | 41,782 |

X
- Details
Name: | us-gaap_SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration