CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 20		$ 23
Accounts receivable	513		464
Inventories	38		38
Derivative assets	40		71
Other current assets	51		48
Total current assets	662		644
Natural gas and oil properties, using the full cost method, including $958 million in 2014 and $957 million in 2013 excluded from amortization	14,440		13,294
Gathering systems	1,381		1,306
Other	730		703
Less: Accumulated depreciation, depletion and amortization	(8,462)		(8,006)
Total property and equipment, net	8,089		7,297
Other long-term assets	136		107
TOTAL ASSETS	8,887		8,048
Current liabilities:
Accounts payable	688		507
Taxes payable	66		68
Interest payable	34		33
Current deferred income taxes			24
Derivative liabilities	72		7
Other current liabilities	26		49
Total current liabilities	886		688
Long-term debt	1,838		1,950
Deferred income taxes	1,832		1,532
Pension and other postretirement liabilities	17		16
Other long-term liabilities	272		240
Total long-term liabilities	3,959		3,738
Commitments and contingencies (Note 11)
Equity:
Common stock, $0.01 par value; authorized 1,250,000,000 shares; issued 353,161,843 shares in 2014 and 352,938,584 in 2013	4		4
Additional paid-in capital	996		969
Retained earnings	3,054		2,653
Accumulated other comprehensive loss	(12)	[1]	(4)	[1]
Total equity	4,042		3,622
TOTAL LIABILITIES AND EQUITY	$ 8,887		$ 8,048

[1] All amounts are net of tax.