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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenues:        
Gas sales $ 251 $ 457 $ 566 $ 1,082
Oil sales 20 24 31 41
NGL sales 20 15 37 33
Marketing 196 222 394 447
Gas gathering 35 46 73 94
Total Operating Revenues 522 764 1,101 1,697
Operating Costs and Expenses:        
Marketing purchases 197 219 393 441
Operating expenses 151 176 316 331
General and administrative expenses 56 60 110 128
Restructuring charges 11   75  
Depreciation, depletion and amortization 107 308 250 601
Impairment of natural gas and oil properties 470 1,535 1,504 1,535
Gain on sale of assets, net   (277)   (277)
Taxes, other than income taxes 22 27 45 57
Total Operating Costs and Expenses 1,014 2,048 2,693 2,816
Operating Loss (492) (1,284) (1,592) (1,119)
Interest Expense:        
Interest on debt 56 52 109 102
Other interest charges 2 3 4 52
Interest capitalized (41) (54) (82) (102)
Total Interest Expense 17 1 31 52
Other Income (Loss), Net   3 (3) 2
Gain (Loss) on Derivatives (85) 1 (99) 15
Loss Before Income Taxes (594) (1,281) (1,725) (1,154)
Provision (Benefit) for Income Taxes:        
Current   7   7
Deferred (1) (500)   (451)
Provision (Benefit) for Income Taxes (1) (493)   (444)
Net Loss (593) (788) (1,725) (710)
Mandatory convertible preferred stock dividend 27 27 54 52
Net Loss Attributable to Common Stock $ (620) $ (815) $ (1,779) $ (762)
Loss Per Common Share:        
Basic $ (1.61) $ (2.13) $ (4.63) $ (2.01)
Diluted $ (1.61) $ (2.13) $ (4.63) $ (2.01)
Weighted Average Common Shares Outstanding:        
Basic 385,594,815 382,114,011 384,232,831 378,797,446
Diluted 385,594,815 382,114,011 384,232,831 378,797,446