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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 12 $ 12
Trade receivables, net 232 200
Inventories 58 58
Other current assets 123 168
Total current assets 425 438
PROPERTY, PLANT AND EQUIPMENT 20,915 20,996
Accumulated depreciation, depletion and amortization (15,030) (14,684)
Total property, plant, equipment 5,885 6,312
OTHER ASSETS 44 303
TOTAL ASSETS 6,354 7,053
CURRENT LIABILITIES    
Current maturities of long-term debt 100 100
Accounts payable 219 257
Accrued liabilities 407 222
Current income taxes   26
Total current liabilities 726 605
LONG-TERM DEBT - PRINCIPAL AMOUNT 5,168 6,043
DEFERRED GAIN AND ISSUANCE COSTS, NET 397 491
OTHER LONG-TERM LIABILITIES 620 830
EQUITY    
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at December 31, 2016 or 2015
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (2016 - 42,542,637 shares and 2015 - 38,818,048 shares)
Additional paid-in capital 4,861 4,782
Accumulated deficit (5,404) (5,683)
Accumulated other comprehensive loss (14) (15)
Total equity (557) (916)
TOTAL LIABILITIES AND EQUITY $ 6,354 $ 7,053