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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Information [Abstract]  
Summary Financial Information For Company's Reportable Segments





 

 

 

 

 

 

 

 

 

 

 

 



 

Exploration

 

 

 

 

 

 

 

 

 



 

and

 

Midstream

 

 

 

 

 

 



 

Production

 

Services

 

Other

 

Total



 

(in millions)

2016

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

 1,435 

 

$

 1,001 

 

$

–  

 

$

 2,436 

Intersegment revenues

 

 

 (22)

 

 

 1,568 

 

 

–  

 

 

 1,546 

Depreciation, depletion and amortization expense

 

 

 371 

 

 

 65 

 

 

–  

 

 

 436 

Impairment of natural gas and oil properties

 

 

 2,321 

 

 

–  

 

 

–  

 

 

 2,321 

Operating income (loss)

 

 

 (2,404)

(1)

 

 209 

(2)

 

–  

 

 

 (2,195)

Interest expense (3)

 

 

 87 

 

 

 1 

 

 

–  

 

 

 88 

Gain (loss) on derivatives

 

 

 (338)

 

 

 (1)

 

 

–  

 

 

 (339)

Loss on early extinguishment of debt

 

 

–  

 

 

–  

 

 

 (51)

 

 

 (51)

Other income (loss), net

 

 

 5 

 

 

 (2)

 

 

 (2)

 

 

 1 

Provision (benefit) for income taxes(3)

 

 

 (29)

 

 

–  

 

 

–  

 

 

 (29)

Assets

 

 

 4,178 

(4)

 

 1,331 

 

 

 1,567 

(5)

 

 7,076 

Capital investments (6)

 

 

 623 

 

 

 21 

 

 

 4 

 

 

 648 



 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

 2,095 

 

$

 1,038 

 

$

–  

 

$

 3,133 

Intersegment revenues

 

 

 (21)

 

 

 2,081 

 

 

–  

 

 

 2,060 

Depreciation, depletion and amortization expense

 

 

 1,028 

 

 

 62 

 

 

 1 

 

 

 1,091 

Impairment of natural gas and oil properties

 

 

 6,950 

 

 

–  

 

 

–  

 

 

 6,950 

Operating income (loss)

 

 

 (7,104)

 

 

 583 

(7)

 

 (1)

 

 

 (6,522)

Interest expense (3)

 

 

 47 

 

 

 9 

 

 

–  

 

 

 56 

Gain (loss) on derivatives

 

 

 51 

 

 

–  

 

 

 (4)

 

 

 47 

Other loss, net

 

 

 (21)

 

 

 (9)

 

 

–  

 

 

 (30)

Provision (benefit) for income taxes (3)

 

 

 (2,273)

 

 

 268 

 

 

–  

 

 

 (2,005)

Assets

 

 

 6,588 

(4)

 

 1,290 

 

 

 208 

 

 

 8,086 

Capital investments (6)

 

 

 2,258 

 

 

 167 

 

 

 12 

 

 

 2,437 



 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

 2,850 

 

$

 1,188 

 

$

–  

 

$

 4,038 

Intersegment revenues

 

 

 12 

 

 

 3,170 

 

 

–  

 

 

 3,182 

Depreciation, depletion and amortization expense

 

 

 884 

 

 

 58 

 

 

–  

 

 

 942 

Operating income (loss)

 

 

 1,013 

 

 

 361 

 

 

 (1)

 

 

 1,373 

Interest expense (3)

 

 

 47 

 

 

 12 

 

 

–  

 

 

 59 

Gain (loss) on derivatives

 

 

 142 

 

 

 (1)

 

 

 (2)

 

 

 139 

Other loss, net

 

 

 (3)

 

 

 (1)

 

 

–  

 

 

 (4)

Provision for income taxes (3)

 

 

 402 

 

 

 123 

 

 

–  

 

 

 525 

Assets

 

 

 13,018 

(4)

 

 1,554 

 

 

 343 

 

 

 14,915 

Capital investments (6)

 

 

 7,254 

 

 

 144 

 

 

 49 

 

 

 7,447 



(1)

Operating loss for the E&P segment includes $86 million related to restructuring and other one-time charges for the year ended December 31, 2016.

(2)

Operating income for the Midstream Services segment includes $3 million related to restructuring charges for the year ended December 31, 2016.

(3)

Interest expense and the provision (benefit) for income taxes by segment are an allocation of corporate amounts as they are incurred at the corporate level.

(4)

Includes office, technology, drilling rigs and other ancillary equipment not directly related to natural gas and oil property acquisition, exploration and development activities.

(5)

Other assets represent corporate assets not allocated to segments and assets for non-reportable segments. At December 31, 2016, other assets includes approximately $1.4 billion in cash and cash equivalents.

(6)

Capital investments include an increase of $43 million for 2016, a decrease of $33 million for 2015 and an increase of $155 million for 2014 related to the change in accrued expenditures between years. 

(7)

Operating income (loss) for the Midstream Services segment includes a $277 million gain on sale of assets for the year ended December 31, 2015.