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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues:        
Gas sales $ 458 $ 645 $ 1,540 $ 2,155
Oil sales 19 6 60 12
NGL sales 14   47 1
Marketing 216 227 663 765
Gas gathering 42 50 136 143
Total Operating Revenues 749 928 2,446 3,076
Operating Costs and Expenses:        
Marketing purchases 213 220 654 752
Operating expenses 176 108 507 309
General and administrative expenses 60 54 188 162
Depreciation, depletion and amortization 275 238 876 $ 693
Impairment of natural gas and oil properties 2,839   4,374
(Gain) loss on sale of assets, net 1   (276)
Taxes, other than income taxes 27 22 84 $ 72
Total Operating Costs and Expenses 3,591 642 6,407 1,988
Operating Income (Loss) (2,842) 286 (3,961) 1,088
Interest Expense:        
Interest on debt 51 25 153 75
Other interest charges 2 2 54 4
Interest capitalized (53) (14) (155) (40)
Total Interest Expense   13 52 39
Other Income, Net     2 1
Gain (Loss) on Derivatives 15 78 30 (29)
Income (Loss) Before Income Taxes (2,827) 351 (3,981) 1,021
Provision (Benefit) for Income Taxes:        
Current   32 7 34
Deferred (1,088) 108 (1,539) 375
Total Provision (Benefit) for Income Taxes (1,088) 140 (1,532) 409
Net Income (Loss) (1,739) 211 (2,449) 612
Mandatory convertible preferred stock dividend 27   79  
Net Income (Loss) Attributable to Common Stock $ (1,766) $ 211 $ (2,528) $ 612
Earnings (Loss) Per Common Share:        
Basic $ (4.62) $ 0.60 $ (6.65) $ 1.74
Diluted $ (4.62) $ 0.60 $ (6.65) $ 1.74
Weighted Average Common Shares Outstanding:        
Basic 382,098,080 351,457,043 379,909,748 351,357,913
Diluted 382,098,080 352,327,250 379,909,748 352,334,546