Dispositions

2013 - North America Exploration and Production ("E&P") Segment

In June 2013, we closed the sale of our interests in the DJ Basin for proceeds of $19 million. A loss of $114 million was recorded in the second quarter of 2013.

In February 2013, we conveyed our interests in the Marcellus natural gas shale play to the operator. A $43 million loss on this transaction was recorded in the first quarter of 2013.

In February 2013, we closed the sale of our interest in the Neptune gas plant, located onshore Louisiana, for proceeds of $166 million. A $98 million gain was recorded in the first quarter of 2013.

In January 2013, we closed the sale of our remaining assets in Alaska, for proceeds of $195 million, subject to a six-month escrow of $50 million which was collected in July 2013. After closing adjustments made in the second quarter of 2013, the gain on this sale was $55 million.

2013 - International E&P Segment

In June 2013, we entered into an agreement to sell our non-operated 10 percent working interest in the Production Sharing Contract and Joint Operating Agreement in Block 31 offshore Angola. This transaction, valued at $1.5 billion before closing adjustments, is expected to close in the fourth quarter of 2013, subject to government and regulatory approvals. Angola Block 31 is reflected as held for sale in the September 30, 2013 consolidated balance sheet as follows:



(In millions)
Other current assets	$	15
Other noncurrent assets	1,598
Total assets	1,613
Other current liabilities	42
Deferred credits and other liabilities	41
Total liabilities	$	83

2012 - North America E&P Segment

In the third quarter of 2012, we sold approximately 5,800 net undeveloped acres located outside the core of the Eagle Ford shale for proceeds of $9 million. A net loss of $18 million was recorded.

In January 2012, we closed on the sale of our interests in several Gulf of Mexico crude oil pipeline systems for proceeds of $206 million. This included our equity method interests in Poseidon Oil Pipeline Company, L.L.C. and Odyssey Pipeline L.L.C., as well as certain other oil pipeline interests including the Eugene Island pipeline system. A gain of $166 million was recorded in the first quarter of 2012.

2012 - International E&P Segment

In May 2012, we reached an agreement to relinquish our operatorship of and interests in the Bone Bay and Kumawa exploration licenses in Indonesia. A $36 million payment to settle all of our obligations related to these licenses, including well commitments, was accrued and reported as a loss on disposal of assets in the second quarter of 2012 and we paid the accrued amount in the third quarter of 2012.