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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Information [Abstract]  
Summary Financial Information For Company's Reportable Segments



 

 

 

 

 

 

 

 

 

 

 



Exploration and Production

 

Midstream Services

 

Other

 

Total



(in millions)

Three months ended March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

$

 566 

 

$

 280 

 

$

–  

 

$

 846 

Intersegment revenues

 

 (3)

 

 

 578 

 

 

–  

 

 

 575 

Depreciation, depletion and amortization expense

 

 90 

 

 

 16 

 

 

–  

 

 

 106 

Operating income

 

 225 

 

 

 41 

 

 

–  

 

 

 266 

Interest expense (1)

 

 32 

 

 

–  

 

 

–  

 

 

 32 

Gain on derivatives

 

 116 

 

 

–  

 

 

–  

 

 

 116 

Loss on early extinguishment of debt

 

–  

 

 

–  

 

 

 (1)

 

 

 (1)

Other income, net

 

 2 

 

 

–  

 

 

–  

 

 

 2 

Assets

 

 4,413 

 

 

 1,268 

 

 

 1,515 

(2)

 

 7,196 

Capital investments (3)

 

 283 

 

 

 6 

 

 

 1 

 

 

 290 



 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

$

 343 

 

$

 236 

 

$

–  

 

$

 579 

Intersegment revenues

 

 (7)

 

 

 385 

 

 

–  

 

 

 378 

Depreciation, depletion and amortization expense

 

 127 

 

 

 16 

 

 

–  

 

 

 143 

Impairment of natural gas and oil properties

 

 1,034 

 

 

–  

 

 

–  

 

 

 1,034 

Operating income (loss)

 

 (1,160)

(4)

 

 60 

(5)

 

–  

 

 

 (1,100)

Interest expense (1)

 

 14 

 

 

–  

 

 

–  

 

 

 14 

Loss on derivatives

 

 (13)

 

 

 (1)

 

 

–  

 

 

 (14)

Other loss, net

 

 (2)

 

 

 (1)

 

 

–  

 

 

 (3)

Provision for income taxes (1)

 

 1 

 

 

–  

 

 

–  

 

 

 1 

Assets

 

 5,538 

 

 

 1,220 

 

 

 1,760 

(2)

 

 8,518 

Capital investments (3)

 

 120 

 

 

 2 

 

 

–  

 

 

 122 



(1)

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

(2)

Other assets represent corporate assets not allocated to segments and assets for non-reportable segments.  At March 31, 2017 and 2016, other assets includes approximately $1.4 billion and $1.6 billion in cash and cash equivalents, respectively.

(3)

Capital investments includes decreases of $52 million and $78 million for the three months ended March 31, 2017 and 2016, respectively, relating to the change in accrued expenditures between periods.

(4)

Operating income (loss) for the E&P segment includes $61 million related to restructuring charges for the three months ended March 31, 2016.

(5)

Operating income (loss) for the Midstream segment includes $3 million related to restructuring charges for the three months ended March 31, 2016.