XML 63 R51.htm IDEA: XBRL DOCUMENT
v3.19.2

- Narrative (Details) |  | 3 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Feb. 01, 2019 USD ($) | Jun. 30, 2019 USD ($) | Mar. 31, 2021 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Dec. 31, 2018 USD ($)
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt instrument, principal amount |  | $ 10,161,000,000 |  |  |  |  |  | $ 8,168,000,000
Senior notes |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repayments of senior debt |  | $ 380,000,000 |  |  |  |  |  |
Debt redemption, percent of principal amount of notes to be redeemed |  | 100.00% |  |  |  |  |  |
Debt redemption, percent of aggregate amount of notes to be redeemed |  | 35.00% |  |  |  |  |  |
Senior notes | 8.00% senior notes due 2026 |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt instrument, principal amount |  | $ 919,000,000 |  |  |  |  |  | 0
Interest rate, stated percentage |  | 8.00% |  |  |  |  |  |
Senior notes | 6.875% senior notes due 2025 |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt instrument, principal amount | $ 700,000,000 | $ 700,000,000 |  |  |  |  |  | 0
Interest rate, stated percentage | 6.875% | 6.875% |  |  |  |  |  |
Debt covenant, basket | $ 25,000,000 |  |  |  |  |  |  |
Revolving credit facility | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 3,000,000,000.0 |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity, increased maximum |  | 4,000,000,000.0 |  |  |  |  |  |
Letters of credit outstanding, amount |  | 54,000,000 |  |  |  |  |  |
Leverage ratio | 4.00 |  |  |  |  |  |  |
Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | 2,000,000,000.0 |  |  |  |  |  |
Line of credit facility, current borrowing capacity |  | $ 1,300,000,000 |  |  |  |  |  |
Mortgage guarantee, secured percent on proved reserves |  | 85.00% |  |  |  |  |  |
Ratio of net debt to EBITDAX | 4.00 |  |  |  |  |  |  |
Ratio of funded debt to EBITDAX | 4.00 |  |  |  |  |  |  |
Current Ratio | 1.00 |  |  |  |  |  |  |
Revolving credit facility | Line of credit | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt instrument, principal amount |  | $ 1,372,000,000 |  |  |  |  |  | 419,000,000
Revolving credit facility | Line of credit | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt instrument, principal amount |  | $ 686,000,000 |  |  |  |  |  | $ 0
Minimum | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Commitment fee | 0.375% |  |  |  |  |  |  |
Minimum | Alternative Base Rate (ABR) | Revolving credit facility | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 0.50% |  |  |  |  |  |  |
Minimum | Alternative Base Rate (ABR) | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 0.50% |  |  |  |  |  |  |
Minimum | Eurodollar | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 1.50% |  |  |  |  |  |  |
Minimum | London Interbank Offered Rate (LIBOR) | Revolving credit facility | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 1.50% |  |  |  |  |  |  |
Minimum | London Interbank Offered Rate (LIBOR) | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 1.50% |  |  |  |  |  |  |
Maximum | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Commitment fee | 0.50% |  |  |  |  |  |  |
Maximum | Alternative Base Rate (ABR) | Revolving credit facility | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 2.00% |  |  |  |  |  |  |
Maximum | Alternative Base Rate (ABR) | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 1.50% |  |  |  |  |  |  |
Maximum | Eurodollar | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 2.50% |  |  |  |  |  |  |
Maximum | London Interbank Offered Rate (LIBOR) | Revolving credit facility | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 3.00% |  |  |  |  |  |  |
Maximum | London Interbank Offered Rate (LIBOR) | Revolving credit facility | BVL revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Variable rate percentage | 2.50% |  |  |  |  |  |  |
Forecast | Revolving credit facility | Chesapeake revolving credit facility |  |  |  |  |  |  |  |
Long-Term Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Leverage ratio |  |  | 4.00 |  |  |  | 5.50 |
Secured leverage ratio |  |  | 2.50 |  |  |  |  |
Fixed charge coverage ratio |  |  |  | 2.50 | 2.25 | 2.00 |  |

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