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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2014
Derivative [Line Items] |
Schedule of Derivative Financial Instruments Included In Comprehensive Statements of Earnings |
|  | Comprehensive Statements of |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | Earnings Caption |  | 2014 |  | 2013 |  | 2014 |  | 2013
|  |  |  | (In millions)
Commodity derivatives |  | Oil, gas and NGL derivatives |  | $ | 748 |  | $ | (141) |  | $ | 29 |  | $ | (95)
EnLink commodity derivatives |  | Marketing and midstream revenues |  |  | 1 |  |  | — |  |  | (2) |  |  | —
Interest rate derivatives |  | Other nonoperating items |  |  | — |  |  | 1 |  |  | 1 |  |  | 1
Foreign currency derivatives |  | Other nonoperating items |  |  | 55 |  |  | (28) |  |  | 15 |  |  | 29
Net gains (losses) recognized in comprehensive statements of earnings |  | $ | 804 |  | $ | (168) |  | $ | 43 |  | $ | (65)
Schedule of Derivative Financial Instruments Included in Accompanying Balance Sheets |
|  | Balance Sheet Caption |  | September 30, 2014 |  | December 31, 2013
|  |  |  | (In millions)
Asset derivatives: |  |  |  |  |  |  |  |
Commodity derivatives |  | Other current assets |  | $ | 231 |  | $ | 75
Commodity derivatives |  | Other long-term assets |  |  | 66 |  |  | 28
EnLink commodity derivatives |  | Other current assets |  |  | 1 |  |  | —
Interest rate derivatives |  | Other current assets |  |  | 1 |  |  | —
Foreign currency derivatives |  | Other current assets |  |  | 11 |  |  | —
Total asset derivatives |  |  |  | $ | 310 |  | $ | 103
Liability derivatives: |  |  |  |  |  |  |  |
Commodity derivatives |  | Other current liabilities |  | $ | 30 |  | $ | 58
Commodity derivatives |  | Other long-term liabilities |  |  | 50 |  |  | 62
EnLink commodity derivatives |  | Other current liabilities |  |  | 1 |  |  | —
EnLink commodity derivatives |  | Other long-term liabilities |  |  | 1 |  |  | —
Interest rate derivatives |  | Other current liabilities |  |  | 1 |  |  | —
Interest rate derivatives |  | Other long-term liabilities |  |  | 1 |  |  | —
Foreign currency derivatives |  | Other current liabilities |  |  | — |  |  | 1
Total liability derivatives |  |  |  | $ | 84 |  | $ | 121
Open Oil Derivative Positions [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
|  | Price Swaps |  | Price Collars |  | Call Options Sold
Period |  | Volume (Bbls/d) |  | Weighted Average Price ($/Bbl) |  | Volume (Bbls/d) |  | Weighted Average Floor Price ($/Bbl) |  | Weighted Average Ceiling Price ($/Bbl) |  | Volume (Bbls/d) |  | Weighted Average Price ($/Bbl)
Q4 2014 |  | 75,000 |  | $ | 94.14 |  | 64,750 |  | $ | 89.33 |  | $ | 100.00 |  | 42,000 |  | $ | 116.43
Q1-Q4 2015 |  | 106,736 |  | $ | 91.22 |  | 31,500 |  | $ | 89.67 |  | $ | 97.84 |  | 28,000 |  | $ | 116.43
Q1-Q4 2016 |  | — |  | $ | — |  | — |  | $ | — |  | $ | — |  | 18,500 |  | $ | 103.11
|  | Oil Basis Swaps
Period |  | Index |  | Volume (Bbls/d) |  | Weighted Average Differential to WTI ($/Bbl)
Q4 2014 |  | Western Canadian Select |  | 50,000 |  | $ | (17.40)
Q1-Q4 2015 |  | Western Canadian Select |  | 14,890 |  | $ | (18.92)
Open Natural Gas Derivative Positions [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
|  | Price Swaps |  | Price Collars |  | Call Options Sold
Period |  | Volume (MMBtu/d) |  | Weighted Average Price ($/MMBtu) |  | Volume (MMBtu/d) |  | Weighted Average Floor Price ($/MMBtu) |  | Weighted Average Ceiling Price ($/MMBtu) |  | Volume (MMBtu/d) |  | Weighted Average Price ($/MMBtu)
Q4 2014 |  | 800,000 |  | $ | 4.42 |  | 460,000 |  | $ | 4.03 |  | $ | 4.51 |  | 500,000 |  | $ | 5.00
Q1-Q4 2015 |  | 210,000 |  | $ | 4.38 |  | 260,000 |  | $ | 4.05 |  | $ | 4.36 |  | 550,000 |  | $ | 5.09
Q1-Q4 2016 |  | — |  | $ | — |  | — |  | $ | — |  | $ | — |  | 400,000 |  | $ | 5.00
|  | Natural Gas Basis Swaps
Period |  | Index |  | Volume (MMBtu/d) |  | Weighted Average Differential to Henry Hub ($/MMBtu)
Q4 2014 |  | AECO |  | 94,781 |  | $ | (0.52)
Q1-Q4 2015 |  | PEPL |  | 100,000 |  | $ | (0.28)
Interest Rate Derivatives [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
Notional |  | Rate Received |  | Rate Paid |  | Expiration
(In millions) |  |  |  |  |  |
$ | 100 |  | Three Month LIBOR |  | 0.92% |  | December 2016
$ | 100 |  | 1.76% |  | Three Month LIBOR |  | January 2019
Foreign Currency Derivatives [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
Forward Contract
Currency |  | Contract Type |  | CAD Notional |  | Weighted Average Fixed Rate Received |  | Expiration
|  |  |  | (In millions) |  | (CAD-USD) |  |
Canadian Dollar |  | Sell |  | $ | 1,312 |  | 0.899 |  | December 2014

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41678-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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