XML 46 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Clayton Williams Energy Acquisition (Details)
$ / shares in Units, shares in Thousands, a in Thousands, $ in Millions
3 Months Ended 5 Months Ended 6 Months Ended 9 Months Ended
Apr. 24, 2017
USD ($)
a
$ / shares
shares
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
MMBoe
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
MMBoe
Sep. 30, 2017
USD ($)
a
shares
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Business Acquisition [Line Items]                  
Proved undeveloped reserves (MMBOEs) | MMBoe     551     551      
Cash consideration             $ 616 $ 0  
Acquisition related costs   $ 4   $ 0     98 $ 0  
Goodwill   1,295     $ 1,295   1,295   $ 0
Clayton Williams Energy                  
Business Acquisition [Line Items]                  
Area acquired (acres) | a 118                
Shares exchange in acquisition (shares) | shares 56,000                
Equity consideration $ 1,876                
Cash consideration 637                
Consideration $ 2,513                
Stock price ($ per share) | $ / shares $ 34.17                
Credit facility draw     $ 1,300     $ 1,300      
Acquisition related costs     $ 23       64    
Noncash share compensation             $ 34    
Treasury shares received in acquisition | shares             720    
Increase to treasury stock             $ 25    
Debt assumed $ 595                
Goodwill $ 1,295 1,300     1,300   1,300    
Pro forma revenue         56        
Pro forma loss         $ 14        
Clayton Williams Energy                  
Business Acquisition [Line Items]                  
Acquisition related costs   $ 4         $ 98    
Tax rate   35.00%              
Delaware Basin | Clayton Williams Energy                  
Business Acquisition [Line Items]                  
Area acquired (acres) | a 71                
Increase (MMBOEs) | MMBoe           86      
Proved developed reserves (MMBOEs) | MMBoe     17     17      
Proved undeveloped reserves (MMBOEs) | MMBoe     69     69      
Permian | Clayton Williams Energy                  
Business Acquisition [Line Items]                  
Area acquired (acres) | a 100                
TEXAS | Clayton Williams Energy                  
Business Acquisition [Line Items]                  
Area acquired (acres) | a             64