|
Condensed Consolidating Statement Of Operations (Details) (USD $) In Millions, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2013
|
| REVENUES |
|
|
|
|
| Natural gas, oil and NGL |
$ 1,704 |
$ 2,406 |
$ 3,471 |
$ 3,858 |
| Marketing, gathering and compression |
3,167 |
2,057 |
6,182 |
3,838 |
| Oilfield services |
281 |
212 |
545 |
402 |
| Total Revenues |
5,152 |
4,675 |
10,198 |
8,098 |
| OPERATING EXPENSES |
|
|
|
|
| Natural gas, oil and NGL production |
282 |
288 |
570 |
595 |
| Production taxes |
72 |
59 |
122 |
112 |
| Marketing, gathering and compression |
3,166 |
2,028 |
6,147 |
3,772 |
| Oilfield services |
212 |
177 |
431 |
332 |
| General and administrative |
90 |
106 |
169 |
216 |
| Restructuring and other termination costs |
33 |
7 |
26 |
140 |
| Natural gas, oil and NGL depreciation, depletion and amortization |
661 |
645 |
1,288 |
1,293 |
| Depreciation and amortization of other assets |
79 |
76 |
157 |
154 |
| Impairment of natural gas and oil properties |
0 |
0 |
0 |
0 |
| Impairments of fixed assets and other |
40 |
231 |
60 |
258 |
| Net gains on sales of fixed assets |
(93) |
(109) |
(115) |
(158) |
| Total Operating Expenses |
4,542 |
3,508 |
8,855 |
6,714 |
| INCOME FROM OPERATIONS |
610 |
1,167 |
1,343 |
1,384 |
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest expense |
(27) |
(104) |
(66) |
(124) |
| Earnings (losses) on investments |
(24) |
23 |
(45) |
(14) |
| Net gain (loss) on sales of investments |
0 |
(10) |
67 |
(10) |
| Losses on purchases of debt |
(195) |
(70) |
(195) |
(70) |
| Other income |
7 |
3 |
13 |
8 |
| Equity in net earnings of subsidiary |
0 |
0 |
0 |
0 |
| Total Other Expense |
(239) |
(158) |
(226) |
(210) |
| Income (Loss) Before Income Taxes |
371 |
1,009 |
1,117 |
1,174 |
| INCOME TAX EXPENSE |
141 |
384 |
421 |
446 |
| NET INCOME |
230 |
625 |
696 |
728 |
| Net income attributable to noncontrolling interests |
(39) |
(45) |
(80) |
(89) |
| Net income attributable to Chesapeake |
191 |
580 |
616 |
639 |
| Other Comprehensive Income (Loss), Net of Tax |
(1) |
0 |
8 |
12 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CHESAPEAKE |
190 |
580 |
624 |
651 |
|
Parent Company Member]
|
|
|
|
|
| REVENUES |
|
|
|
|
| Natural gas, oil and NGL |
0 |
0 |
0 |
0 |
| Marketing, gathering and compression |
0 |
0 |
0 |
0 |
| Oilfield services |
0 |
0 |
0 |
0 |
| Total Revenues |
0 |
0 |
0 |
0 |
| OPERATING EXPENSES |
|
|
|
|
| Natural gas, oil and NGL production |
0 |
0 |
0 |
0 |
| Production taxes |
0 |
0 |
0 |
0 |
| Marketing, gathering and compression |
0 |
0 |
0 |
0 |
| Oilfield services |
0 |
0 |
0 |
0 |
| General and administrative |
0 |
0 |
0 |
0 |
| Restructuring and other termination costs |
0 |
0 |
0 |
0 |
| Natural gas, oil and NGL depreciation, depletion and amortization |
0 |
0 |
0 |
0 |
| Depreciation and amortization of other assets |
0 |
0 |
0 |
0 |
| Impairment of natural gas and oil properties |
0 |
0 |
0 |
0 |
| Impairments of fixed assets and other |
0 |
0 |
0 |
0 |
| Net gains on sales of fixed assets |
0 |
0 |
0 |
0 |
| Total Operating Expenses |
0 |
0 |
0 |
0 |
| INCOME FROM OPERATIONS |
0 |
0 |
0 |
0 |
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest expense |
(156) |
(278) |
(347) |
(496) |
| Earnings (losses) on investments |
0 |
0 |
0 |
0 |
| Net gain (loss) on sales of investments |
|
0 |
0 |
0 |
| Losses on purchases of debt |
(195) |
(70) |
(195) |
(70) |
| Other income |
136 |
228 |
479 |
443 |
| Equity in net earnings of subsidiary |
324 |
654 |
655 |
715 |
| Total Other Expense |
109 |
534 |
592 |
592 |
| Income (Loss) Before Income Taxes |
109 |
534 |
592 |
592 |
| INCOME TAX EXPENSE |
(82) |
(46) |
(24) |
(47) |
| NET INCOME |
191 |
580 |
616 |
639 |
| Net income attributable to noncontrolling interests |
0 |
0 |
0 |
0 |
| Net income attributable to Chesapeake |
191 |
580 |
616 |
639 |
| Other Comprehensive Income (Loss), Net of Tax |
1 |
2 |
3 |
0 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CHESAPEAKE |
192 |
582 |
619 |
639 |
|
Guarantor Subsidiaries [Member]
|
|
|
|
|
| REVENUES |
|
|
|
|
| Natural gas, oil and NGL |
1,469 |
2,241 |
3,015 |
3,562 |
| Marketing, gathering and compression |
3,166 |
2,051 |
6,180 |
3,829 |
| Oilfield services |
23 |
60 |
40 |
116 |
| Total Revenues |
4,658 |
4,352 |
9,235 |
7,507 |
| OPERATING EXPENSES |
|
|
|
|
| Natural gas, oil and NGL production |
266 |
274 |
535 |
570 |
| Production taxes |
69 |
57 |
117 |
108 |
| Marketing, gathering and compression |
3,166 |
2,026 |
6,145 |
3,767 |
| Oilfield services |
22 |
99 |
54 |
146 |
| General and administrative |
66 |
80 |
120 |
170 |
| Restructuring and other termination costs |
30 |
6 |
23 |
137 |
| Natural gas, oil and NGL depreciation, depletion and amortization |
583 |
589 |
1,151 |
1,180 |
| Depreciation and amortization of other assets |
38 |
46 |
78 |
96 |
| Impairment of natural gas and oil properties |
0 |
0 |
0 |
0 |
| Impairments of fixed assets and other |
37 |
224 |
37 |
251 |
| Net gains on sales of fixed assets |
(85) |
(109) |
(109) |
(158) |
| Total Operating Expenses |
4,192 |
3,292 |
8,151 |
6,267 |
| INCOME FROM OPERATIONS |
466 |
1,060 |
1,084 |
1,240 |
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest expense |
(3) |
(42) |
(3) |
(43) |
| Earnings (losses) on investments |
(19) |
23 |
(42) |
(14) |
| Net gain (loss) on sales of investments |
|
(10) |
67 |
(10) |
| Losses on purchases of debt |
0 |
0 |
0 |
0 |
| Other income |
33 |
63 |
(107) |
75 |
| Equity in net earnings of subsidiary |
35 |
(64) |
12 |
(153) |
| Total Other Expense |
46 |
(30) |
(73) |
(145) |
| Income (Loss) Before Income Taxes |
512 |
1,030 |
1,011 |
1,095 |
| INCOME TAX EXPENSE |
182 |
416 |
377 |
474 |
| NET INCOME |
330 |
614 |
634 |
621 |
| Net income attributable to noncontrolling interests |
0 |
0 |
0 |
0 |
| Net income attributable to Chesapeake |
330 |
614 |
634 |
621 |
| Other Comprehensive Income (Loss), Net of Tax |
(2) |
(2) |
5 |
12 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CHESAPEAKE |
328 |
612 |
639 |
633 |
|
Non-Guarantor Subsidiaries [Member]
|
|
|
|
|
| REVENUES |
|
|
|
|
| Natural gas, oil and NGL |
237 |
160 |
459 |
288 |
| Marketing, gathering and compression |
1 |
6 |
2 |
9 |
| Oilfield services |
499 |
484 |
983 |
934 |
| Total Revenues |
737 |
650 |
1,444 |
1,231 |
| OPERATING EXPENSES |
|
|
|
|
| Natural gas, oil and NGL production |
16 |
14 |
35 |
25 |
| Production taxes |
3 |
2 |
5 |
4 |
| Marketing, gathering and compression |
0 |
2 |
2 |
5 |
| Oilfield services |
375 |
354 |
769 |
716 |
| General and administrative |
24 |
26 |
49 |
46 |
| Restructuring and other termination costs |
3 |
1 |
3 |
3 |
| Natural gas, oil and NGL depreciation, depletion and amortization |
68 |
56 |
129 |
113 |
| Depreciation and amortization of other assets |
71 |
71 |
143 |
139 |
| Impairment of natural gas and oil properties |
38 |
70 |
98 |
161 |
| Impairments of fixed assets and other |
3 |
7 |
23 |
7 |
| Net gains on sales of fixed assets |
(8) |
0 |
(6) |
0 |
| Total Operating Expenses |
593 |
603 |
1,250 |
1,219 |
| INCOME FROM OPERATIONS |
144 |
47 |
194 |
12 |
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest expense |
(20) |
(21) |
(42) |
(42) |
| Earnings (losses) on investments |
(5) |
0 |
(5) |
0 |
| Net gain (loss) on sales of investments |
|
0 |
0 |
0 |
| Losses on purchases of debt |
0 |
0 |
0 |
0 |
| Other income |
0 |
(22) |
1 |
5 |
| Equity in net earnings of subsidiary |
0 |
0 |
0 |
0 |
| Total Other Expense |
(25) |
(43) |
(46) |
(37) |
| Income (Loss) Before Income Taxes |
119 |
4 |
148 |
(25) |
| INCOME TAX EXPENSE |
45 |
2 |
56 |
(9) |
| NET INCOME |
74 |
2 |
92 |
(16) |
| Net income attributable to noncontrolling interests |
0 |
0 |
0 |
0 |
| Net income attributable to Chesapeake |
74 |
2 |
92 |
(16) |
| Other Comprehensive Income (Loss), Net of Tax |
0 |
0 |
0 |
0 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CHESAPEAKE |
74 |
2 |
92 |
(16) |
|
Eliminations [Member]
|
|
|
|
|
| REVENUES |
|
|
|
|
| Natural gas, oil and NGL |
(2) |
5 |
(3) |
8 |
| Marketing, gathering and compression |
0 |
0 |
0 |
0 |
| Oilfield services |
(241) |
(332) |
(478) |
(648) |
| Total Revenues |
(243) |
(327) |
(481) |
(640) |
| OPERATING EXPENSES |
|
|
|
|
| Natural gas, oil and NGL production |
0 |
0 |
0 |
0 |
| Production taxes |
0 |
0 |
0 |
0 |
| Marketing, gathering and compression |
0 |
0 |
0 |
0 |
| Oilfield services |
(185) |
(276) |
(392) |
(530) |
| General and administrative |
0 |
0 |
0 |
0 |
| Restructuring and other termination costs |
0 |
0 |
0 |
0 |
| Natural gas, oil and NGL depreciation, depletion and amortization |
10 |
0 |
8 |
0 |
| Depreciation and amortization of other assets |
(30) |
(41) |
(64) |
(81) |
| Impairment of natural gas and oil properties |
(38) |
(70) |
(98) |
(161) |
| Impairments of fixed assets and other |
0 |
0 |
0 |
0 |
| Net gains on sales of fixed assets |
0 |
0 |
0 |
0 |
| Total Operating Expenses |
(243) |
(387) |
(546) |
(772) |
| INCOME FROM OPERATIONS |
0 |
60 |
65 |
132 |
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest expense |
152 |
237 |
326 |
457 |
| Earnings (losses) on investments |
0 |
0 |
2 |
0 |
| Net gain (loss) on sales of investments |
|
0 |
0 |
0 |
| Losses on purchases of debt |
0 |
0 |
0 |
0 |
| Other income |
(162) |
(266) |
(360) |
(515) |
| Equity in net earnings of subsidiary |
(359) |
(590) |
(667) |
(562) |
| Total Other Expense |
(369) |
(619) |
(699) |
(620) |
| Income (Loss) Before Income Taxes |
(369) |
(559) |
(634) |
(488) |
| INCOME TAX EXPENSE |
(4) |
12 |
12 |
28 |
| NET INCOME |
(365) |
(571) |
(646) |
(516) |
| Net income attributable to noncontrolling interests |
(39) |
(45) |
(80) |
(89) |
| Net income attributable to Chesapeake |
(404) |
(616) |
(726) |
(605) |
| Other Comprehensive Income (Loss), Net of Tax |
0 |
0 |
0 |
0 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CHESAPEAKE |
$ (404) |
$ (616) |
$ (726) |
$ (605) |