Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2015

Acquisitions and Divestitures [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table represents the components of the Company's discontinued operations for the three and nine months ended September 30, 2015 and 2014:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in millions)
Revenues and other income (a)	$	—		$	50		$	1		$	234
Costs and expenses (b)	(2		)	(108		)	(10		)	(408		)
Loss from discontinued operations before income taxes	(2		)	(58		)	(9		)	(174		)
Current tax provision	—			—			—			(1		)
Deferred tax benefit	—			21			3			62
Loss from discontinued operations, net of tax	$	(2	)	$	(37	)	$	(6	)	$	(113	)

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(a) Primarily reflects oil and gas revenues and cash received associated with Alaskan Petroleum Production Tax credits on qualifying capital expenditures.

(b) Costs and expenses during 2015 were primarily related to an arbitration award associated with plugging and abandonment obligations for two Gulf of Mexico wells from which Pioneer withdrew in 2009. Costs and expenses in 2014 were primarily comprised of oil and gas production costs and impairment charges. See Note D for information about impairment charges on the Barnett Shale assets and Pioneer Alaska.