Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Information [Abstract]

Summary Financial Information For Company's Reportable Segments

	Exploration and Production			Midstream Services		Other			Total
	(in millions)
Three months ended June 30, 2017:
Revenues from external customers	$	531		$	280	$	–		$	811
Intersegment revenues		(5)			542		–			537
Depreciation, depletion and amortization expense		107			16		–			123
Operating income		146			42		–			188
Interest expense (1)		34			–		–			34
Gain on derivatives		134			–		–			134
Loss on early extinguishment of debt		–			–		(10)			(10)
Other income, net		2			4		–			6
Assets		4,633			1,281		1,236	(2)		7,150
Capital investments (3)		318			6		1			325
Three months ended June 30, 2016:
Revenues from external customers	$	291		$	231	$	–		$	522
Intersegment revenues		(7)			328		–			321
Depreciation, depletion and amortization expense		90			17		–			107
Impairment of natural gas and oil properties		470			–		–			470
Operating income (loss)		(549)	(4)		57		–			(492)
Interest expense (1)		16			1		–			17
Loss on derivatives		(85)			–		–			(85)
Other income (loss), net		3			(2)		(1)			–
Benefit for income taxes (1)		(1)			–		–			(1)
Assets		5,000			1,227		1,150	(2)		7,377
Capital investments (3)		73			–		1			74

	Exploration and Production			Midstream Services			Other			Total
	(in millions)
Six months ended June 30, 2017:
Revenues from external customers	$	1,097		$	560		$	–		$	1,657
Intersegment revenues		(8)			1,120			–			1,112
Depreciation, depletion and amortization expense		197			32			–			229
Operating income		371			83			–			454
Interest expense (1)		66			–			–			66
Gain on derivatives		250			–			–			250
Loss on early extinguishment of debt		–			–			(11)			(11)
Other income, net		4			4			–			8
Assets		4,633			1,281			1,236	(2)		7,150
Capital investments (3)		601			12			2			615
Six months ended June 30, 2016:
Revenues from external customers	$	634		$	467		$	–		$	1,101
Intersegment revenues		(14)			713			–			699
Depreciation, depletion and amortization expense		217			33			–			250
Impairment of natural gas and oil properties		1,504			–			–			1,504
Operating income (loss)		(1,709)	(4)		117	(5)		–			(1,592)
Interest expense (1)		30			1			–			31
Loss on derivatives		(98)			(1)			–			(99)
Other income (loss), net		1			(3)			(1)			(3)
Assets		5,000			1,227			1,150	(2)		7,377
Capital investments (3)		193			2			1			196

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

(2) Other assets represent corporate assets not allocated to segments and assets for non-reportable segments.  At June 30, 2017 and 2016, other assets includes approximately $1.1 billion and $998 million in cash and cash equivalents, respectively.

(3) Capital investments includes increases of $41 million and $27 million for the three months ended June 30, 2017 and 2016, respectively, and decreases of $11 million and $51 million for the six months ended June 30, 2017 and 2016, respectively, relating to the change in accrued expenditures between periods.

(4) Operating income (loss) for the E&P segment includes $11 million and $72 million related to restructuring charges for the three and six months ended June 30, 2016, respectively.

(5) Operating income (loss) for the Midstream services segment includes $3 million related to restructuring charges for the six months ended June 30, 2016.