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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues:    
Gas sales $ 315 $ 625
Oil sales 11 17
NGL sales 17 18
Marketing 198 225
Gas gathering 38 48
Total Operating Revenues 579 933
Operating Costs and Expenses:    
Marketing purchases 196 222
Operating expenses 165 155
General and administrative expenses 54 68
Restructuring charges 64  
Depreciation, depletion and amortization 143 $ 293
Impairment of natural gas and oil properties 1,034
Taxes, other than income taxes 23 $ 30
Total Operating Costs and Expenses 1,679 768
Operating Income (Loss) (1,100) 165
Interest Expense:    
Interest on debt 53 50
Other interest charges 2 49
Interest capitalized (41) (48)
Total Interest Expense 14 51
Other (Loss), Net (3) (1)
Gain (Loss) on Derivatives (14) 14
Income (Loss) Before Income Taxes (1,131) 127
Provision (Benefit) for Income Taxes:    
Deferred 1 49
Net Income (Loss) (1,132) 78
Mandatory convertible preferred stock dividend $ 27 25
Participating securities - mandatory convertible preferred stock 7
Net Income (Loss) Attributable to Common Stock $ (1,159) $ 46
Earnings (Loss) Per Common Share:    
Basic $ (3.03) $ 0.12
Diluted $ (3.03) $ 0.12
Weighted Average Common Shares Outstanding:    
Basic 382,870,847 375,444,030
Diluted 382,870,847 375,578,054