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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenues:      
Gas sales $ 1,946 $ 2,827 $ 2,381
Oil sales 76 19 14
NGL sales 73 3 2
Marketing 863 996 792
Gas gathering 175 193 182
Total Operating Revenues 3,133 4,038 3,371
Operating Costs and Expenses:      
Marketing purchases 852 980 782
Operating expenses 689 427 328
General and administrative expenses 246 221 191
Depreciation, depletion and amortization 1,091 942 787
Impairment of natural gas and oil properties 6,950    
Gain on sale of assets, net (283)    
Taxes, other than income taxes 110 95 79
Total Operating Costs and Expenses 9,655 2,665 2,167
Operating Income (Loss) (6,522) 1,373 1,204
Interest Expense:      
Interest on debt 200 101 100
Other interest charges 60 13 4
Interest capitalized (204) (55) (62)
Total Interest Expense 56 59 42
Other Income (Loss), Net (30) (4) 2
Gain on Derivatives 47 139 26
Income (Loss) Before Income Taxes (6,561) 1,449 1,190
Provision (Benefit) for Income Taxes:      
Current (2) 21 (11)
Deferred (2,003) 504 497
Provision (Benefit) for Income Taxes (2,005) 525 486
Net Income (Loss) (4,556) 924 704
Mandatory convertible preferred stock dividend 106    
Net Income (Loss) Attributable to Common Stock $ (4,662) $ 924 $ 704
Earnings (Loss) Per Common Share:      
Basic $ (12.25) $ 2.63 $ 2.01
Diluted $ (12.25) $ 2.62 $ 2.00
Weighted Average Common Shares Outstanding:      
Basic 380,521,039 351,446,747 350,465,430
Diluted 380,521,039 352,410,683 351,101,452