Divestitures

Onshore US Properties During the first three months of 2015, we sold certain onshore US crude oil and natural gas leases. Properties sold generated net proceeds of $119 million, which were applied to the DJ Basin depletable field, with no recognition of gain or loss.

Information regarding assets sold during the first three months of 2014 is as follows:



	Three Months Ended March 31,
(millions)	2014
Sales Proceeds	$	92
Less
Net Book Value of Assets Sold	(106		)
Goodwill Allocated to Assets Sold	(6		)
Asset Retirement Obligations Associated with Assets Sold	20
Other Closing Adjustments	(1		)
Gain on Divestitures	$	(1	)