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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues:        
Gas sales $ 340 $ 458 $ 906 $ 1,540
Oil sales 19 19 50 60
NGL sales 22 14 59 47
Marketing 237 216 631 663
Gas gathering 33 42 106 136
Total Operating Revenues 651 749 1,752 2,446
Operating Costs and Expenses:        
Marketing purchases 234 213 627 654
Operating expenses 139 176 455 507
General and administrative expenses 61 60 171 188
Restructuring charges 2   77  
Depreciation, depletion and amortization 99 275 349 876
Impairment of natural gas and oil properties 817 2,839 2,321 4,374
(Gain) loss on sale of assets, net   1   (276)
Taxes, other than income taxes 24 27 69 84
Total Operating Costs and Expenses 1,376 3,591 4,069 6,407
Operating Loss (725) (2,842) (2,317) (3,961)
Interest Expense:        
Interest on debt 59 51 168 153
Other interest charges 8 2 12 54
Interest capitalized (41) (53) (123) (155)
Total Interest Expense 26   57 52
Gain (Loss) on Derivatives 71 15 (28) 30
Loss on early extinguishment of debt (51)   (51)
Other Income, Net 3     2
Loss Before Income Taxes (728) (2,827) (2,453) (3,981)
Provision (Benefit) for Income Taxes:        
Current       7
Deferred (20) (1,088) (20) (1,539)
Provision (Benefit) for Income Taxes (20) (1,088) (20) (1,532)
Net Loss (708) (1,739) (2,433) (2,449)
Mandatory convertible preferred stock dividend 27 27 81 79
Net Loss Attributable to Common Stock $ (735) $ (1,766) $ (2,514) $ (2,528)
Loss Per Common Share:        
Basic $ (1.52) $ (4.62) $ (6.02) $ (6.65)
Diluted $ (1.52) $ (4.62) $ (6.02) $ (6.65)
Weighted Average Common Shares Outstanding:        
Basic 482,485,150 382,098,080 417,222,661 379,909,748
Diluted 482,485,150 382,098,080 417,222,661 379,909,748