Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements [Abstract]

Purchase Price Allocation of Acquisition

As a result of the transaction, we recorded the following:

	September 30,
	2011
(millions)
Unproved Oil and Gas Properties	$	790
Proved Oil and Gas Properties		370
Investment in CONE Gathering LLC		73
Total Assets Acquired (1)	$	1,233

(1) Total reflects impact of discount on remaining installment payments. See Note 5. Debt.

Sale of Onshore US Assets

In August 2010, we closed the sale of certain non-core assets in the Mid-Continent and Illinois Basin areas. Information regarding the sale is as follows:

	Nine Months Ended September 30,
	2010
(millions)
Cash Proceeds	$	552
Less
Net Book Value of Assets Sold		(394	)
Goodwill Allocated to Assets Sold		(61	)
Asset Retirement Obligations Associated with Assets Sold		10
Other Closing Adjustments		7
Gain on Asset Sale	$	114