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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Components of Property, Plant and Equipment

Property, plant and equipment at December 31 were as follows:

 

 

2016

 

 

2015

 

 

 

(In millions)

 

Exploration and Production

 

 

 

 

 

 

 

 

Unproved properties

 

$

710

 

 

$

958

 

Proved properties

 

 

4,258

 

 

 

4,202

 

Wells, equipment and related facilities

 

 

38,821

 

 

 

38,738

 

 

 

 

43,789

 

 

 

43,898

 

Bakken Midstream

 

 

3,018

 

 

 

2,757

 

Corporate and Other

 

 

100

 

 

 

171

 

Total — at cost

 

 

46,907

 

 

 

46,826

 

Less: Reserves for depreciation, depletion, amortization and lease impairment

 

 

23,312

 

 

 

20,474

 

Property, Plant and Equipment — Net

 

$

23,595

 

 

$

26,352

 

 

Net Changes in Capitalized Exploratory Well Costs

Capitalized Exploratory Well Costs:  The following table discloses the amount of capitalized exploratory well costs pending determination of proved reserves at December 31, and the changes therein during the respective years:

 

 

2016

 

 

2015

 

 

2014

 

 

 

(In millions)

 

Balance at January 1

 

$

1,415

 

 

$

1,416

 

 

$

2,045

 

Additions to capitalized exploratory well costs pending the determination of proved reserves

 

 

79

 

 

 

424

 

 

 

292

 

Reclassifications to wells, facilities and equipment based on the determination of proved reserves

 

 

 

 

 

(72

)

 

 

(629

)

Capitalized exploratory well costs charged to expense

 

 

(897

)

 

 

(356

)

 

 

(235

)

Dispositions and other

 

 

 

 

 

3

 

 

 

(57

)

Balance at December 31

 

$

597

 

 

$

1,415

 

 

$

1,416

 

Number of Wells at December 31

 

 

17

 

 

 

35

 

 

 

37

 

 

Exploratory Drilling Costs Capitalized in Excess of One Year After Completion of Drilling

Exploratory well costs capitalized for greater than one year following completion of drilling were $511 million at December 31, 2016, separated by year of completion as follows (in millions):

2015

 

$

238

 

2014

 

 

80

 

2013

 

 

48

 

2012

 

 

145

 

 

 

$

511