XML 79 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Oil and Gas Exploration and Production Industries Disclosures, Discounted Future Net Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]      
Future cash inflows $ 94,612,613 $ 92,530,537 $ 70,956,169
Future production costs (37,184,832) (36,060,590) (25,760,554)
Future development costs (17,031,731) (15,528,581) (11,511,145)
Future income taxes (11,150,742) (11,418,085) (9,487,414)
Future net cash flows 29,245,308 29,523,281 24,197,056
Discount to present value at 10% annual rate (12,329,836) (13,298,000) (11,805,232)
Standardized measure of discounted future net cash flows relating to proved oil and gas reserves 16,915,472 16,225,281 12,391,824
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Roll Forward]      
Balance at Beginning of Period 16,225,281 12,391,824 7,541,018
Sales and transfers of oil and gas produced net of production costs (5,888,317) (5,095,655) (3,497,961)
Net changes in prices and production costs (301,232) 993,661 3,197,403
Extensions, discoveries, additions and improved recovery, net of related costs 6,082,122 6,348,691 4,578,274
Development costs incurred 2,094,600 1,545,500 1,107,100
Revisions of estimated development costs 2,341,476 (160,990) 2,172
Revisions of previous quantity estimates (3,742,827) (609,297) (374,126)
Accretion of discount 2,077,217 1,577,962 960,350
Net change in income taxes 125,065 (1,159,105) (1,325,303)
Purchases of reserves in place 69,940 5,241 265
Sales of reserves in place (913,761) (658,468) (344,649)
Changes in timing and other (1,254,092) 1,045,917 547,281
Balance at End of Period 16,915,472 16,225,281 12,391,824
United States [Member]
     
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]      
Future cash inflows 89,324,274 84,518,638 62,063,123
Future production costs (35,892,997) (33,294,343) (22,616,039)
Future development costs (15,825,040) (13,811,449) (9,596,005)
Future income taxes (10,247,007) (10,539,182) (8,503,301)
Future net cash flows 27,359,230 26,873,664 21,347,778
Discount to present value at 10% annual rate (12,177,896) (12,498,010) (10,718,854)
Standardized measure of discounted future net cash flows relating to proved oil and gas reserves 15,181,334 14,375,654 10,628,924
Per unit price used to calculate future cash inflows - Crude Oil 99.78 97.75 76.38
Per unit price used to calculate future cash inflows - Natural Gas Liquids 36.95 51.77 43.85
Per unit price used to calculate future cash inflows - Natural Gas 2.63 4.03 4.36
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Roll Forward]      
Balance at Beginning of Period 14,375,654 10,628,924 5,822,916
Sales and transfers of oil and gas produced net of production costs (5,192,392) (4,296,926) (2,792,005)
Net changes in prices and production costs (393,585) 716,682 2,468,907
Extensions, discoveries, additions and improved recovery, net of related costs 5,517,945 6,223,552 4,319,659
Development costs incurred 2,042,300 1,422,500 864,700
Revisions of estimated development costs 1,987,330 (210,919) (257,360)
Revisions of previous quantity estimates (3,286,943) (482,496) (164,748)
Accretion of discount 1,832,377 1,352,740 755,001
Net change in income taxes 174,418 (1,049,641) (1,171,384)
Purchases of reserves in place 64,317 5,241 265
Sales of reserves in place (869,534) (658,468) (54,057)
Changes in timing and other (1,070,553) 724,465 837,030
Balance at End of Period 15,181,334 14,375,654 10,628,924
Canada [Member]
     
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]      
Future cash inflows 1,816,369 5,056,501 6,040,422
Future production costs (751,113) (2,315,110) (2,711,415)
Future development costs (813,061) (1,566,917) (1,716,734)
Future income taxes 0 (81,590) (129,816)
Future net cash flows 252,195 1,092,884 1,482,457
Discount to present value at 10% annual rate 146,954 (456,537) (736,222)
Standardized measure of discounted future net cash flows relating to proved oil and gas reserves 399,149 636,347 746,235
Per unit price used to calculate future cash inflows - Crude Oil 84.77 90.70 72.59
Per unit price used to calculate future cash inflows - Natural Gas Liquids 47.80 46.97 26.56
Per unit price used to calculate future cash inflows - Natural Gas 2.22 3.28 3.67
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Roll Forward]      
Balance at Beginning of Period 636,347 746,235 1,037,244
Sales and transfers of oil and gas produced net of production costs (159,577) (278,910) (292,857)
Net changes in prices and production costs (67,964) (57,545) (559)
Extensions, discoveries, additions and improved recovery, net of related costs 79,529 22,591 75,162
Development costs incurred 23,600 48,200 175,100
Revisions of estimated development costs 383,215 64,001 260,290
Revisions of previous quantity estimates (396,408) (70,718) (38,382)
Accretion of discount 63,635 62,725 102,022
Net change in income taxes 0 (118,988) 101,966
Purchases of reserves in place 0 0 0
Sales of reserves in place (44,227) 0 (290,592)
Changes in timing and other (119,001) 218,756 (383,159)
Balance at End of Period 399,149 636,347 746,235
Trinidad [Member]
     
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]      
Future cash inflows 2,408,116 2,851,545 2,760,819
Future production costs (342,113) (388,199) (384,147)
Future development costs (171,737) (149,884) (198,072)
Future income taxes (691,109) (794,856) (850,699)
Future net cash flows 1,203,157 1,518,606 1,327,901
Discount to present value at 10% annual rate (242,087) (334,399) (339,035)
Standardized measure of discounted future net cash flows relating to proved oil and gas reserves 961,070 1,184,207 988,866
Per unit price used to calculate future cash inflows - Crude Oil 94.46 92.50 69.56
Per unit price used to calculate future cash inflows - Natural Gas 3.61 3.37 2.94
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Roll Forward]      
Balance at Beginning of Period 1,184,207 988,866 665,563
Sales and transfers of oil and gas produced net of production costs (526,134) (504,205) (395,379)
Net changes in prices and production costs 162,600 331,196 721,796
Extensions, discoveries, additions and improved recovery, net of related costs 0 102,548 183,453
Development costs incurred 23,500 74,800 67,300
Revisions of estimated development costs (28,835) (14,074) (767)
Revisions of previous quantity estimates (62,285) (56,884) (175,002)
Accretion of discount 178,298 159,715 101,549
Net change in income taxes 88,853 9,511 (258,354)
Purchases of reserves in place 0 0 0
Sales of reserves in place 0 0 0
Changes in timing and other (59,134) 92,734 78,707
Balance at End of Period 961,070 1,184,207 988,866
Other International [Member]
     
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]      
Future cash inflows 1,063,854 103,853 91,805
Future production costs (198,609) (62,938) (48,953)
Future development costs (221,893) (331) (334)
Future income taxes (212,626) (2,457) (3,598)
Future net cash flows 430,726 38,127 38,920
Discount to present value at 10% annual rate (56,807) (9,054) (11,121)
Standardized measure of discounted future net cash flows relating to proved oil and gas reserves 373,919 29,073 27,799
Per unit price used to calculate future cash inflows - Crude Oil 109.94 102.86 73.88
Per unit price used to calculate future cash inflows - Natural Gas 5.04 5.07 5.02
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Roll Forward]      
Balance at Beginning of Period 29,073 27,799 15,295
Sales and transfers of oil and gas produced net of production costs (10,214) (15,614) (17,720)
Net changes in prices and production costs (2,283) 3,328 7,259
Extensions, discoveries, additions and improved recovery, net of related costs 484,648 0 0
Development costs incurred 5,200 0 0
Revisions of estimated development costs (234) 2 9
Revisions of previous quantity estimates 2,809 801 4,006
Accretion of discount 2,907 2,782 1,778
Net change in income taxes (138,206) 13 2,469
Purchases of reserves in place 5,623 0 0
Sales of reserves in place 0 0 0
Changes in timing and other (5,404) 9,962 14,703
Balance at End of Period $ 373,919 $ 29,073 $ 27,799