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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Information [Abstract]  
Summary Financial Information For Company's Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration

 

 

 

 

 

 

 

 

 

 

 

and

 

Midstream

 

 

 

 

 

 

 

 

Production

 

Services

 

Other

 

Total

 

 

(in millions)

2014

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
2,850 

 

$
1,188 

 

$

– 

 

$
4,038 

Intersegment revenues

 

 
12 

 

 
3,170 

 

 

– 

 

 
3,182 

Operating income (loss)

 

 
1,013 

 

 
361 

 

 
(1)

 

 
1,373 

Other loss, net

 

 
(3)

 

 
(1)

 

 

– 

 

 
(4)

Gain (loss) on derivatives

 

 
142 

 

 
(1)

 

 
(2)

 

 
139 

Depreciation, depletion and amortization expense

 

 
884 

 

 
58 

 

 

– 

 

 
942 

Interest expense(1)

 

 
47 

 

 
12 

 

 

– 

 

 
59 

Provision for income taxes(1)

 

 
402 

 

 
123 

 

 

 – 

 

 
525 

Assets

 

 
13,018 

(3)

 
1,554 

 

 
353 

 

 
14,925 

Capital investments(4)

 

 
7,254 

 

 
144 

 

 
49 

 

 
7,447 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
2,398 

 

$
973 

 

$

–  

 

$
3,371 

Intersegment revenues

 

 
6 

 

 
2,374 

 

 

–  

 

 
2,380 

Operating income

 

 
879 

 

 
325 

 

 

–  

 

 
1,204 

Other income (loss), net

 

 
3 

 

 

–  

 

 
(1)

 

 
2 

Gain on derivatives

 

 
26 

 

 

–  

 

 

–  

 

 
26 

Depreciation, depletion and amortization expense

 

 
735 

 

 
51 

 

 
1 

 

 
787 

Interest expense(1)

 

 
30 

 

 
11 

 

 
1 

 

 
42 

Provision (benefit) for income taxes(1)

 

 
368 

 

 
119 

 

 
(1)

 

 
486 

Assets

 

 
6,357 

(3)

 
1,427 

 

 
264 

 

 
8,048 

Capital investments(4)

 

 
2,052 

 

 
158 

 

 
25 

 

 
2,235 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
1,965 

 

$
765 

 

$

–  

 

$
2,730 

Intersegment revenues

 

 
(1)

 

 
1,598 

 

 
3 

 

 
1,600 

Operating income (loss) 

 

 
(1,396)

 (2)

 
294 

 

 
1 

 

 
(1,101)

Other income (loss), net

 

 
(1)

 

 

–  

 

 
2 

 

 
1 

Loss on derivatives

 

 
(15)

 

 

–  

 

 

–  

 

 
(15)

Depreciation, depletion and amortization expense

 

 
766 

 

 
44 

 

 
1 

 

 
811 

Impairment of natural gas and oil properties

 

 
1,940 

 

 

–  

 

 

–  

 

 
1,940 

Interest expense(1)

 

 
20 

 

 
14 

 

 
1 

 

 
35 

Provision (benefit) for income taxes(1)

 

 
(549)

 

 
105 

 

 
1 

 

 
(443)

Assets

 

 
5,194 

(3)

 
1,273 

 

 
271 

 

 
6,738 

Capital investments(4)

 

 
1,861 

 

 
165 

 

 
55 

 

 
2,081 

 

(1)

Interest expense and the provision (benefit) for income taxes by segment are an allocation of corporate amounts as they are incurred at the corporate level.

(2)

Includes a $1,940 million non-cash ceiling test impairment of the Company’s natural gas and oil properties.

(3)

Includes office, technology, drilling rigs and other ancillary equipment not directly related to natural gas and oil property acquisition, exploration and development activities.

(4)

Capital investments include an increase of $155 million for 2014 and a decrease of $25 million and $37 million for 2013 and 2012, respectively, related to the change in accrued expenditures between years.