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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information
 
 
 
Oil and Gas Exploration and Production
 
Midstream
 
 
(millions)
Consolidated
 
United
States
 
Eastern
Mediter- ranean
 
West
Africa
 
Other Int'l
 
United States
 
Intersegment Eliminations and Other(1)
 
Corporate
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Crude Oil Sales
$
744

 
$
655

 
$
2

 
$
87

 
$
—

 
$
—

 
$
—

 
$
—

NGL Sales
166

 
166

 
—

 
—

 
—

 
—

 
—

 
—

Natural Gas Sales
226

 
98

 
122

 
6

 
—

 
—

 
—

 
—

Total Crude Oil, NGL and Natural Gas Sales
1,136

 
919

 
124

 
93

 
—

 
—

 
—

 
—

Sales of Purchased Oil and Gas
72

 
26

 
—

 
—

 
—

 
46

 
—

 
—

Income from Equity Method Investees and Other
65

 
—

 
—

 
34

 
—

 
31

 
—

 
—

Intersegment Revenues
—

 
—

 
—

 
—

 
—

 
91

 
(91
)
 
—

Total Revenues
1,273

 
945

 
124

 
127

 
—

 
168

 
(91
)
 
—

Lease Operating Expense
124

 
114

 
7

 
15

 
—

 
—

 
(12
)
 
—

Production and Ad Valorem Taxes
47

 
46

 
—

 
—

 
—

 
1

 
—

 
—

Gathering, Transportation and Processing Expense
97

 
129

 
—

 
—

 
—

 
28

 
(60
)
 
—

Other Royalty Expense
5

 
5

 
—

 
—

 
—

 
—

 
—

 
—

Total Production Expense
273

 
294

 
7

 
15

 
—

 
29

 
(72
)
 
—


 
 
 
Oil and Gas Exploration and Production
 
Midstream
 
 
(millions)
Consolidated
 
United
States
 
Eastern
Mediter- ranean
 
West
Africa
 
Other Int'l
 
United States
 
Intersegment Eliminations and Other(1)
 
Corporate
DD&A
485

 
414

 
16

 
25

 
1

 
24

 
(5
)
 
10

(Gain) Loss on Divestitures, Net
(193
)
 
5

 
—

 
—

 
—

 
(198
)
 
—

 
—

Purchased Oil and Gas
76

 
32

 
—

 
—

 
—

 
44

 
—

 
—

Gain on Asset Retirement Obligation Revisions
(10
)
 
—

 
—

 
—

 
(10
)
 
—

 
—

 
—

Loss on Commodity Derivative Instruments
155

 
140

 
—

 
15

 
—

 
—

 
—

 
—

Gain on Investment in Shares of Tamar Petroleum Ltd., Net
(32
)
 
—

 
(32
)
 
—

 
—

 
—

 
—

 
—

Income (Loss) Before Income Taxes
307

 
31

 
143

 
68

 
(17
)
 
268

 
(16
)
 
(170
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2017
 
 

 
 

 
 

 
 
 
 
 
 
 
 

Crude Oil Sales
$
553

 
$
487

 
$
2

 
$
64

 
$
—

 
$
—

 
$
—

 
$
—

NGL Sales
116

 
116

 
—

 
—

 
—

 
—

 
—

 
—

Natural Gas Sales
238

 
93

 
139

 
6

 
—

 
—

 
—

 
—

Total Crude Oil, NGL and Natural Gas Sales
907

 
696

 
141

 
70

 
—

 
—

 
—

 
—

Income from Equity Method Investees and Other
53

 
—

 
—

 
33

 
—

 
20

 
—

 
—

Intersegment Revenues
—

 
—

 
—

 
—

 
—

 
72

 
(72
)
 
—

Total Revenues
960

 
696

 
141

 
103

 
—

 
92

 
(72
)
 
—

Lease Operating Expense
151

 
118

 
9

 
25

 
—

 
—

 
(1
)
 
—

Production and Ad Valorem Taxes
31

 
30

 
—

 
—

 
—

 
1

 
—

 
—

Gathering, Transportation and Processing Expense
93

 
129

 
—

 
—

 
—

 
20

 
(56
)
 
—

Other Royalty Expense
5

 
5

 
—

 
—

 
—

 
—

 
—

 
—

Total Production Expense
280

 
282

 
9

 
25

 
—

 
21

 
(57
)
 
—

DD&A
523

 
442

 
18

 
41

 
1

 
10

 
(1
)
 
12

Gain on Asset Retirement Obligation Revisions
(42
)
 
—

 
—

 
—

 
(42
)
 
—

 
—

 
—

Loss on Debt Extinguishment
98

 
—

 
—

 
—

 
—

 
—

 
—

 
98

Loss on Commodity Derivative Instruments
22

 
16

 
—

 
6

 
—

 
—

 
—

 
—

(Loss) Income Before Income Taxes
(208
)
 
(115
)
 
109

 
24

 
23

 
58

 
(12
)
 
(295
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 

 
 

 
 

 
 
 
 
 
 
 
 

Crude Oil Sales
$
2,266

 
$
1,972

 
$
6

 
$
288

 
$
—

 
$
—

 
$
—

 
$
—

NGL Sales
449

 
449

 
—

 
—

 
—

 
—

 
—

 
—

Natural Gas Sales
694

 
316

 
362

 
16

 
—

 
—

 
—

 
—

Total Crude Oil, NGL and Natural Gas Sales
3,409

 
2,737

 
368

 
304

 
—

 
—

 
—

 
—

Sales of Purchased Oil and Gas
191

 
81

 
—

 
—

 
—

 
110

 
—

 
—

Income from Equity Method Investees and Other
189

 
—

 
—

 
105

 
—

 
84

 
—

 
—

Intersegment Revenues
—

 
—

 
—

 
—

 
—

 
257

 
(257
)
 
—

Total Revenues
3,789

 
2,818

 
368

 
409

 
—

 
451

 
(257
)
 
—


 
 
 
Oil and Gas Exploration and Production
 
Midstream
 
 
(millions)
Consolidated
 
United
States
 
Eastern
Mediter- ranean
 
West
Africa
 
Other Int'l
 
United States
 
Intersegment Eliminations and Other(1)
 
Corporate
Lease Operating Expense
411

 
354

 
19

 
56

 
—

 
—

 
(18
)
 
—

Production and Ad Valorem Taxes
151

 
147

 
—

 
—

 
—

 
4

 
—

 
—

Gathering, Transportation and Processing Expense
292

 
389

 
—

 
—

 
—

 
71

 
(168
)
 
—

Other Royalty Expense
32

 
32

 
—

 
—

 
—

 
—

 
—

 
—

Total Production Expense
886

 
922

 
19

 
56

 
—

 
75

 
(186
)
 
—

DD&A
1,418

 
1,214

 
44

 
77

 
1

 
62

 
(13
)
 
33

(Gain) Loss on Divestitures, Net
(859
)
 
20

 
(376
)
 
—

 
—

 
(503
)
 
—

 
—

Asset Impairments
168

 
168

 
—

 
—

 
—

 
—

 
—

 
—

Purchased Oil and Gas
204

 
98

 
—

 
—

 
—

 
106

 
—

 
—

Gain on Asset Retirement Obligation Revisions
(21
)
 
—

 
—

 
—

 
(21
)
 
—

 
—

 
—

Loss on Commodity Derivative Instruments
483

 
400

 
—

 
83

 
—

 
—

 
—

 
—

Gain on Investment in Shares of Tamar Petroleum Ltd., Net
(6
)
 
—

 
(6
)
 
—

 
—

 
—

 
—

 
—

Income (Loss) Before Income Taxes
860

 
(94
)
 
678

 
180

 
(44
)
 
690

 
(52
)
 
(498
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 

 
 

 
 

 
 
 
 
 
 
 
 

Crude Oil Sales
$
1,637

 
$
1,383

 
$
5

 
$
249

 
$
—

 
$
—

 
$
—

 
$
—

NGL Sales
329

 
329

 
—

 
—

 
—

 
—

 
—

 
—

Natural Gas Sales
952

 
534

 
401

 
17

 
—

 
—

 
—

 
—

Total Crude Oil, NGL and Natural Gas Sales
2,918

 
2,246

 
406

 
266

 
—

 
—

 
—

 
—

Income from Equity Method Investees and Other
137

 
—

 
—

 
84

 
—

 
53

 
—

 
—

Intersegment Revenues
—

 
—

 
—

 
—

 
—

 
198

 
(198
)
 
—

Total Revenues
3,055

 
2,246

 
406

 
350

 
—

 
251

 
(198
)
 
—

Lease Operating Expense
414

 
332

 
23

 
65

 
—

 
—

 
(6
)
 
—

Production and Ad Valorem Taxes
104

 
102

 
—

 
—

 
—

 
2

 
—

 
—

Gathering, Transportation and Processing Expense
333

 
416

 
—

 
—

 
—

 
53

 
(136
)
 
—

Other Royalty Expense
15

 
15

 
—

 
—

 
—

 
—

 
—

 
—

Total Production Expense
866

 
865

 
23

 
65

 
—

 
55

 
(142
)
 
—

DD&A
1,554

 
1,326

 
58

 
114

 
4

 
20

 
(2
)
 
34

Loss on Marcellus Shale Exit Activities
2,326

 
2,326

 
—

 
—

 
—

 
—

 
—

 
—

Clayton Williams Energy Acquisition Expenses
98

 
98

 
—

 
—

 
—

 
—

 
—

 
—

Loss on Debt Extinguishment
98

 
—

 
—

 
—

 
—

 
—

 
—

 
98

Gain on Asset Retirement Obligation Revisions
(42
)
 
—

 
—

 
—

 
(42
)
 
—

 
—

 
—

Gain on Commodity Derivative Instruments
(145
)
 
(138
)
 
—

 
(7
)
 
—

 
—

 
—

 
—

(Loss) Income Before Income Taxes
(2,483
)
 
(2,433
)
 
316

 
162

 
11

 
165

 
(47
)
 
(657
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
Oil and Gas Exploration and Production
 
Midstream
 
 
(millions)
Consolidated
 
United
States
 
Eastern
Mediter- ranean
 
West
Africa
 
Other Int'l
 
United States
 
Intersegment Eliminations and Other(1)
 
Corporate
September 30, 2018
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 

Goodwill (2)
$
1,401

 
$
1,291

 
$
—

 
$
—

 
$
—

 
$
110

 
$
—

 
$
—

Total Assets (3)
22,147

 
15,440

 
3,184

 
1,208

 
66

 
2,318

 
(150
)
 
81

December 31, 2017
 
 
 

 
 

 
 

 
 
 
 
 
 
 
 

Goodwill (2)
1,310

 
1,310

 
—

 
—

 
—

 
—

 
—

 
—

Total Assets
21,476

 
15,767

 
2,846

 
1,308

 
114

 
1,357

 
(163
)
 
247


(1) 
The intersegment eliminations related to income (loss) before income taxes are the result of midstream expenditures.  These costs are presented as property, plant and equipment within the E&P business on an unconsolidated basis, in accordance with the successful efforts method of accounting, and are eliminated upon consolidation.
(2) 
Goodwill in the United States reportable segment is associated with our Texas reporting unit. Goodwill in the Midstream segment is associated with the first quarter 2018 Saddle Butte acquisition.