Derivatives And Risk Management (Tables)

9 Months Ended

Sep. 30, 2014

Derivatives And Risk Management [Abstract]

Balance Sheet Classification Of Derivative Financial Instruments

	Derivative Assets
	September 30, 2014			December 31, 2013
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
	(in millions)
Derivatives designated as hedging instruments:
Fixed price swaps	Derivative assets	$	52	Derivative assets	$	21
Fixed price swaps	Other long-term assets		11	Other long-term assets		–
Total derivatives designated as hedging instruments		$	63		$	21
Derivatives not designated as hedging instruments:
Basis swaps	Derivative assets	$	15	Derivative assets	$	13
Fixed price swaps	Derivative assets		50	Derivative assets		37
Basis swaps	Other long-term assets		3	Other long-term assets		–
Fixed price swaps	Other long-term assets		12	Other long-term assets		–
Interest rate swaps	Other long-term assets		3	Other long-term assets		8
Total derivatives not designated as hedging instruments		$	83		$	58
Total derivative assets		$	146		$	79
	Derivative Liabilities
	September 30, 2014			December 31, 2013
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
	(in millions)
Derivatives designated as hedging instruments:
Fixed price swaps	Derivative liabilities	$	–	Derivative liabilities	$	4
Total derivatives designated as hedging instruments		$	–		$	4
Derivatives not designated as hedging instruments:
Basis swaps	Derivative liabilities	$	20	Derivative liabilities	$	2
Fixed price call options	Derivative liabilities		13	Derivative liabilities		–
Interest rate swaps	Derivative liabilities		3	Derivative liabilities		1
Basis swaps	Other long-term liabilities		3	Other long-term liabilities		–
Fixed price call options	Other long-term liabilities		28	Other long-term liabilities		30
Interest rate swaps	Other long-term liabilities		1	Other long-term liabilities		3
Total derivatives not designated as hedging instruments		$	68		$	36
Total derivative liabilities		$	68		$	40

Schedule Of Derivative Instruments, Volumes Of Natural Gas Production

Year	Fixed price swaps designated for hedge accounting	Fixed price swaps not designated for hedge accounting	Total
2014	71	46	117
2015	120	120	240

Summary Of Before Tax Effect Of Cash Flow Hedges On Consolidated Financial Statements

		Gain (Loss) Recognized in Other Comprehensive Income
		(Effective Portion)
		For the three months ended				For the nine months ended
		September 30,				September 30,
Derivative Instrument		2014		2013		2014		2013
		(in millions)
Fixed price swaps		$	80	$	13	$	(2)	$	51
	Classification of Gain (Loss)	Gain (Loss) Reclassified from Accumulated
	Reclassified from	Other Comprehensive Income
	Accumulated Other	into Earnings (Effective Portion)
	Comprehensive Income	For the three months ended				For the nine months ended
	into Earnings	September 30,				September 30,
Derivative Instrument	(Effective Portion)	2014		2013		2014		2013
		(in millions)
Fixed price swaps	Gas sales	$	18	$	93	$	(48)	$	218
		Gain (Loss) Recognized in Earnings
		(Ineffective Portion)
	Classification of Gain (Loss)	For the three months ended				For the nine months ended
	Recognized in Earnings	September 30,				September 30,
Derivative Instrument	(Ineffective Portion)	2014		2013		2014		2013
		(in millions)
Fixed price swaps	Gas sales	$	3	$	(1)	$	1	$	(2)

Summary Of Before Tax Effect Of Fair Value Hedges Not Designated For Hedge Accounting

		Gain (Loss) on Derivatives
		Excluding Derivatives, Settled
		Recognized in Earnings
		For the three months ended				For the nine months ended
	Consolidated Statement of Operations	September 30,				September 30,
Derivative Instrument	Classification of Gain (Loss) on Derivatives, Net of Settlement	2014		2013		2014		2013
		(in millions)
Basis swaps	Gain (Loss) on Derivatives	$	(3)	$	(5)	$	(16)	$	2
Fixed price call options	Gain (Loss) on Derivatives	$	11	$	8	$	(11)	$	(27)
Fixed price swaps	Gain (Loss) on Derivatives	$	45	$	8	$	24	$	96
Interest rate swaps	Gain (Loss) on Derivatives	$	1	$	(1)	$	(4)	$	1
		Gain (Loss)
		on Derivatives, Settled (1)
		Recognized in Earnings
	Consolidated Statement of Operations	For the three months ended				For the nine months ended
	Classification of Gain (Loss)	September 30,				September 30,
Derivative Instrument	on Derivatives, Settled (1)	2014		2013		2014		2013
		(in millions)
Basis swaps	Gain (Loss) on Derivatives	$	9	$	2	$	–	$	3
Fixed price swaps	Gain (Loss) on Derivatives	$	15	$	–		(21)		–
Interest rate swaps	Gain (Loss) on Derivatives	$	–	$	–	$	(1)	$	–

⁽¹⁾ The Company calculates gain (loss) on derivatives, settled, as the summation of gains and losses on positions that have settled within the period reported.