Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2011

Acquisitions and Divestitures [Abstract]

Purchase Price Allocation of Acquisition

In connection with the joint venture transaction and formation of CONE, we recorded the following:

	December 31,
	2011
(millions)
Unproved Oil and Gas Properties	$	853
Proved Oil and Gas Properties		386
Initial Investment in CONE Gathering LLC		69
Total Assets Acquired (1)	$	1,308

(1) Total reflects impact of discount on CONSOL installment payments.

The total purchase price and allocation of the total purchase price are as follows:

	December 31,
	2010
(millions)
Total Purchase Price
Cash Paid	$	458
Net Liabilities Assumed		40
Total	$	498
Allocation of Total Purchase Price
Proved Oil and Gas Properties	$	352
Unproved Oil and Gas Properties		146
Total	$	498

Sale of Onshore US Assets

Information regarding the assets sold is as follows:

	Year Ended
	December 31,
	2010
(millions)
Cash Proceeds	$	552
Less
Net Book Value of Assets Sold		(394	)
Goodwill Allocated to Assets Sold		(61	)
Asset Retirement Obligations Associated with Assets Sold		10
Other Closing Adjustments		3
Gain on Asset Sale	$	110