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Senior Notes and Contingent Convertible Senior Notes Purchased (Detail)
3 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended
Dec. 31, 2012
USD ($)
Sep. 30, 2012
USD ($)
Sep. 30, 2011
USD ($)
Dec. 31, 2011
USD ($)
Sep. 30, 2012
7.625% Senior Notes Due 2013
USD ($)
Dec. 31, 2011
7.625% Senior Notes Due 2013
USD ($)
Sep. 30, 2012
9.5% Senior Notes Due 2015
USD ($)
Dec. 31, 2011
9.5% Senior Notes Due 2015
USD ($)
Sep. 30, 2012
6.25% Euro-Denominated Senior Notes Due 2017
USD ($)
Dec. 31, 2011
6.25% Euro-Denominated Senior Notes Due 2017
USD ($)
Dec. 31, 2006
6.25% Euro-Denominated Senior Notes Due 2017
EUR (€)
Sep. 30, 2012
6.5% Senior Notes Due 2017
USD ($)
Dec. 31, 2011
6.5% Senior Notes Due 2017
USD ($)
Sep. 30, 2012
6.875% Senior Notes Due 2018
USD ($)
Dec. 31, 2011
6.875% Senior Notes Due 2018
USD ($)
Sep. 30, 2012
7.25% Senior Notes Due 2018
USD ($)
Dec. 31, 2011
7.25% Senior Notes Due 2018
USD ($)
Sep. 30, 2012
6.625% Senior Notes Due 2020
USD ($)
Dec. 31, 2011
6.625% Senior Notes Due 2020
USD ($)
Sep. 30, 2012
2.75% Contingent Convertible Senior Notes Due 2035
USD ($)
Dec. 31, 2011
2.75% Contingent Convertible Senior Notes Due 2035
USD ($)
Sep. 30, 2012
2.5% Contingent Convertible Senior Notes Due 2037
USD ($)
Dec. 31, 2011
2.5% Contingent Convertible Senior Notes Due 2037
USD ($)
Sep. 30, 2012
2.25% Contingent Convertible Senior Notes Due 2038
USD ($)
Dec. 31, 2011
2.25% Contingent Convertible Senior Notes Due 2038
USD ($)
Sep. 30, 2012
6.625% Senior Notes Due 2019
USD ($)
Dec. 31, 2011
6.625% Senior Notes Due 2019
USD ($)
Sep. 30, 2012
6.775% Senior Notes Due 2019
USD ($)
Dec. 31, 2011
6.775% Senior Notes Due 2019
USD ($)
Sep. 30, 2011
Euro-Denominated Senior Notes
EUR (€)
Dec. 31, 2011
6.125% Senior Notes Due 2021
USD ($)
Sep. 30, 2012
6.125% Senior Notes Due 2021
USD ($)
Sep. 30, 2012
Term Loan
USD ($)
Sep. 30, 2012
Senior Notes
USD ($)
Sep. 30, 2011
Senior Notes
USD ($)
Sep. 30, 2011
Senior Notes
7.625% Senior Notes Due 2013
USD ($)
Sep. 30, 2011
Senior Notes
9.5% Senior Notes Due 2015
USD ($)
Sep. 30, 2011
Senior Notes
6.25% Euro-Denominated Senior Notes Due 2017
USD ($)
Sep. 30, 2011
Senior Notes
6.5% Senior Notes Due 2017
USD ($)
Sep. 30, 2011
Senior Notes
6.875% Senior Notes Due 2018
USD ($)
Sep. 30, 2011
Senior Notes
7.25% Senior Notes Due 2018
USD ($)
Sep. 30, 2011
Senior Notes
6.625% Senior Notes Due 2020
USD ($)
Sep. 30, 2011
Convertible Senior Notes
USD ($)
Sep. 30, 2011
Convertible Senior Notes
2.75% Contingent Convertible Senior Notes Due 2035
USD ($)
Sep. 30, 2011
Convertible Senior Notes
2.5% Contingent Convertible Senior Notes Due 2037
USD ($)
Sep. 30, 2011
Convertible Senior Notes
2.25% Contingent Convertible Senior Notes Due 2038
USD ($)
Sep. 30, 2012
Chesapeake Oilfield Operating, LLC.
6.625% Senior Notes Due 2019
USD ($)
Sep. 30, 2012
Cash Premiums
USD ($)
Sep. 30, 2012
Deferred Charges
USD ($)
Dec. 31, 2011
Note Discounts
USD ($)
Dec. 31, 2011
Interest Rate Hedging Losses
USD ($)
Sep. 30, 2012
Contingent Convertible Notes Equity Component
USD ($)
Sep. 30, 2012
Minimum
USD ($)
Sep. 30, 2012
Maximum
USD ($)
Sep. 30, 2012
Maximum
Chesapeake Oilfield Operating, LLC.
USD ($)
Debt Instrument [Line Items]                                                                                                              
Proceeds from Asset Sales $ 2,800,000,000                                                                                                            
Proceeds from issuance of senior notes, net of discount and offering costs 1,200,000,000 1,263,000,000 977,000,000                                                                                                        
Debt Instrument, Unamortized Discount   393,000,000   444,000,000 1,000,000                                                       114,000,000                                            
Debt Instrument Principal Amount Repurchased     1,904,000,000                                                     256,000,000         1,373,000,000 36,000,000 160,000,000 380,000,000 [1] 440,000,000 126,000,000 131,000,000 100,000,000 531,000,000 55,000,000 210,000,000 266,000,000                  
Debt Instrument, Face Amount                     600,000,000                                         1,000,000,000                                              
Interest rate         7.625%   9.50%   6.25%     6.50%   6.875%   7.25%   6.625%   2.75%   2.50%   2.25%   6.625% 6.625% 6.775%       6.125%                                              
Aggregate principal amount                                                       250,000,000                                                 50,000,000 75,000,000  
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum                                                                                             1.00%                
Debt Instrument, Convertible, Effective Interest Rate                                       6.86%   8.00%   8.00%                                                              
Long-term Debt, Gross   16,218,000,000   10,626,000,000 464,000,000 [2] 464,000,000 [2] 1,265,000,000 1,265,000,000 442,000,000 [3] 446,000,000 [3]   660,000,000 660,000,000 474,000,000 474,000,000 669,000,000 669,000,000 1,300,000,000 1,300,000,000 396,000,000 [4] 396,000,000 [4] 1,168,000,000 [4] 1,168,000,000 [4] 347,000,000 [4] 347,000,000 [4] 650,000,000 [5] 650,000,000 [5] 1,300,000,000 0   1,000,000,000 1,000,000,000                                             0
Proceeds Net From Senior Notes                                                       1,263,000,000     977,000,000                               637,000,000                
Secured Debt, Repurchase Agreements                                                 140,000,000                                                            
Percentage Of Redeemable Notes At Redemption Price                                                       100.00%                                                      
Foreign Currency Exchange Rate, Translation     1.4821                                                                                                        
Debt Tender Offer Payments   2,058,000,000                                                                                                          
Gain (Loss) on Repurchase of Debt Instrument   (174,000,000)                                                                                           (154,000,000) (20,000,000) (160,000,000) (2,000,000) 162,000,000      
Secured Debt Repurchase Agreements Price                                                 128,000,000                                                            
Gains Losses On Exchange Of Debt                                                 2,000,000                                                            
Principal Payment On Senior Notes Due In Two Years                                                                   464,000,000                                          
Interest Payable   $ 213,000,000   $ 183,000,000                                                                                     $ 1,000,000                
Amount Of Aggregate Principal Allowed To Be Redeemed In Connection With Certain Equity Offerings, Percent                                                                                             35.00%                
[1] We purchased €256 million in aggregate principal amount of our euro-denominated senior notes which had a value of $380 million based on the exchange rate of $1.4821 to €1.00. Simultaneously with our purchase of the euro-denominated senior notes, we unwound cross currency swaps for the same principal amount. See Note 7 for additional information.
[2] These senior notes are due in July 2013. There is $1 million of discount associated with these notes.
[3] The principal amount shown is based on the exchange rate of $1.2856 to €1.00 and $1.2973 to €1.00 as of September 30, 2012 and December 31, 2011, respectively. See Note 7 for information on our related foreign currency derivatives.
[4] nior notes.(e)The holders of our contingent convertible senior notes may require us to repurchase, in cash, all or a portion of their notes at 100% of the principal amount of the notes on any of four dates that are five, ten, fifteen and twenty years before the maturity date. The notes are convertible, at the holder’s option, prior to maturity under certain circumstances into cash and, if applicable, shares of our common stock using a net share settlement process. One such triggering circumstance is when the price of our common stock exceeds a threshold amount during a specified period in a fiscal quarter. Convertibility based on common stock price is measured quarterly. In the third quarter of 2012, the price of our common stock was below the threshold level for each series of the contingent convertible senior notes during the specified period and, as a result, the holders do not have the option to convert their notes into cash and common stock in the fourth quarter of 2012 under this provision. The notes are also convertible, at the holder’s option, during specified five-day periods if the trading price of the notes is below certain levels determined by reference to the trading price of our common stock. In general, upon conversion of a contingent convertible senior note, the holder will receive cash equal to the principal amount of the note and common stock for the note’s conversion value in excess of such principal amount. We will pay contingent interest on the convertible senior notes after they have been outstanding at least ten years, under certain conditions. We may redeem the convertible senior notes once they have been outstanding for ten years at a redemption price of 100% of the principal amount of the notes, payable in cash. The optional repurchase dates, the common stock price conversion threshold amounts and the ending date of the first six-month period in which contingent interest may be payable for the contingent convertible senior notes are as follows: Contingent Convertible Senior Notes Repurchase Dates Common Stock Price Conversion Thresholds Contingent InterestFirst Payable(if applicable)2.75% due 2035 November 15, 2015, 2020, 2025, 2030 $48.51 May 14, 20162.5% due 2037 May 15, 2017, 2022, 2027, 2032 $63.93 November 14, 20172.25% due 2038 December 15, 2018, 2023, 2028, 2033 $107.27 June 14, 2019
[5] Issuers are Chesapeake Oilfield Operating, L.L.C. (COO), an indirect wholly owned subsidiary of the Company, and Chesapeake Oilfield Finance, Inc. (COF), a wholly owned subsidiary of COO formed solely to facilitate the offering of the 6.625% Senior Notes due 2019. COF is nominally capitalized and has no operations or revenues. Chesapeake Energy Corporation is the issuer of all other senior notes and the contingent convertible senior notes.