XML 61 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Information [Abstract]  
Summary of Financial Information for Company's Reportable Segments





 

 

 

 

 

 

 

 

 

 

 

 



 

Exploration

 

 

 

 

 

 

 

 

 



 

and

 

 

 

 

 

 

 

 

(in millions)

 

Production

 

Midstream

 

Other

 

Total

2017

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

 2,105 

 

$

 1,098 

 

$

–  

 

$

 3,203 

Intersegment revenues

 

 

 (19)

 

 

 2,100 

 

 

–  

 

 

 2,081 

Depreciation, depletion and amortization expense

 

 

 440 

 

 

 64 

 

 

–  

 

 

 504 

Operating income (loss)

 

 

 549 

 

 

 183 

 

 

 (1)

 

 

 731 

Interest expense (1)

 

 

 135 

 

 

–  

 

 

–  

 

 

 135 

Gain on derivatives

 

 

 421 

 

 

 1 

 

 

–  

 

 

 422 

Loss on early extinguishment of debt

 

 

–  

 

 

–  

 

 

 (70)

 

 

 (70)

Other income, net

 

 

 4 

 

 

 1 

 

 

–  

 

 

 5 

Benefit for income taxes (1)

 

 

 (93)

 

 

–  

 

 

–  

 

 

 (93)

Assets

 

 

 5,109 

(2)

 

 1,288 

 

 

 1,124 

(3)

 

 7,521 

Capital investments (4)

 

 

 1,248 

 

 

 32 

 

 

 13 

 

 

 1,293 



 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

 1,435 

 

$

 1,001 

 

$

–  

 

$

 2,436 

Intersegment revenues

 

 

 (22)

 

 

 1,568 

 

 

–  

 

 

 1,546 

Depreciation, depletion and amortization expense

 

 

 371 

 

 

 65 

 

 

–  

 

 

 436 

Impairment of natural gas and oil properties

 

 

 2,321 

 

 

–  

 

 

–  

 

 

 2,321 

Operating income (loss)

 

 

 (2,404)

 (5)

 

 209 

 (6)

 

–  

 

 

 (2,195)

Interest expense (1)

 

 

 87 

 

 

 1 

 

 

–  

 

 

 88 

Loss on derivatives

 

 

 (338)

 

 

 (1)

 

 

–  

 

 

 (339)

Loss on early extinguishment of debt

 

 

–  

 

 

–  

 

 

 (51)

 

 

 (51)

Other income (loss), net

 

 

 5 

 

 

 (2)

 

 

 (2)

 

 

 1 

Benefit for income taxes (1)

 

 

 (29)

 

 

–  

 

 

–  

 

 

 (29)

Assets

 

 

 4,178 

 (2)

 

 1,331 

 

 

 1,567 

(3)

 

 7,076 

Capital investments (4)

 

 

 623 

 

 

 21 

 

 

 4 

 

 

 648 



 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

 2,095 

 

$

 1,038 

 

$

–  

 

$

 3,133 

Intersegment revenues

 

 

 (21)

 

 

 2,081 

 

 

–  

 

 

 2,060 

Depreciation, depletion and amortization expense

 

 

 1,028 

 

 

 62 

 

 

 1 

 

 

 1,091 

Impairment of natural gas and oil properties

 

 

 6,950 

 

 

–  

 

 

–  

 

 

 6,950 

Operating income (loss)

 

 

 (7,104)

 

 

 583 

(7)

 

 (1)

 

 

 (6,522)

Interest expense (1)

 

 

 47 

 

 

 9 

 

 

–  

 

 

 56 

Gain (loss) on derivatives

 

 

 51 

 

 

–  

 

 

 (4)

 

 

 47 

Other loss, net

 

 

 (21)

 

 

 (9)

 

 

–  

 

 

 (30)

Provision (benefit) for income taxes (1)

 

 

 (2,273)

 

 

 268 

 

 

–  

 

 

 (2,005)

Assets

 

 

 6,588 

 (2)

 

 1,290 

 

 

 208 

(3)

 

 8,086 

Capital investments (4)

 

 

 2,258 

 

 

 167 

 

 

 12 

 

 

 2,437 



 

 

 

 

 

 

 

 

 

 

 

 

(1)

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

(2)

Includes office, technology, water infrastructure, drilling rigs and other ancillary equipment not directly related to natural gas and oil property acquisition, exploration and development activities.

(3)

Other assets represent corporate assets not allocated to segments and assets for non-reportable segments. At December 31, 2017, other assets includes approximately $916 million in cash and cash equivalents.

(4)

Capital investments include an increase of $43 million for 2016 and a decrease of $33 million for 2015 related to the change in accrued expenditures between years.  There was no impact to 2017.

(5)

Operating loss for the E&P segment includes $86 million related to restructuring and other one-time charges for the year ended December 31, 2016.

(6)

Operating income for the Midstream segment includes $3 million related to restructuring charges for the year ended December 31, 2016.

(7)

Operating income (loss) for the Midstream segment includes a $277 million gain on sale of assets for the year ended December 31, 2015.