v2.4.0.8
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)