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Drilling and Completion Costs Associated to Joint Ventures (Detail) (USD $)
9 Months Ended 52 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Mar. 31, 2012
Oct. 31, 2011
Sep. 30, 2012
Utica [Member]
Sep. 30, 2012
Niobrara [Member]
Sep. 30, 2012
Eagle Ford [Member]
Sep. 30, 2012
Barnett Shale Joint Venture [Member]
Sep. 30, 2012
Marcellus Joint Venture [Member]
Sep. 30, 2012
Fayetteville Joint Venture [Member]
Sep. 30, 2012
Haynesville And Bossier [Member]
Sep. 30, 2009
Haynesville And Bossier [Member]
Sep. 30, 2012
Barnett And Utica Shale [Member]
Sep. 30, 2012
Minimum
Subsequent Event [Member]
Rigs
May 31, 2012
Minimum
Subsequent Event [Member]
Rigs
Jan. 31, 2012
Minimum
Subsequent Event [Member]
Rigs
Business Acquisition [Line Items]                                
Gain (Loss) on Disposition of Assets     $ 0                          
Cash Received On Sale Of Leasehold Properties And Other Assets 7,100,000,000                              
Sale of Stock, Consideration Received on Transaction 9,000,000,000                              
Joint Venture Partner         TOT [1] CNOOC [1] CNOOC [1] TOT [1] STO [1] BP [1] PXP [1]          
Joint Venture Date         December 2011 February 2011 November 2010 January 2010 November 2008 September 2008 July 2008          
Interest Acquired         25.00% 33.30% 33.30% 25.00% 32.50% 25.00% 20.00%          
Cash Proceeds Received At Closing 7,100,000,000       610,000,000 570,000,000 1,120,000,000 800,000,000 1,250,000,000 1,100,000,000 1,650,000,000          
Total Drilling Carries 9,036,000,000       1,422,000,000 697,000,000 1,080,000,000 1,404,000,000 [2] 2,125,000,000 800,000,000 1,508,000,000 [3]          
Total Cash and Drilling Carry Proceeds 16,136,000,000       2,032,000,000 1,267,000,000 2,200,000,000 2,204,000,000 3,375,000,000 1,900,000,000 3,158,000,000          
Drilling Carries Remaining 1,744,000,000 [4]       1,249,000,000 [4] 495,000,000 [4] 0 0 0 0 0          
Percentage Reimbursed         60.00% 67.00%                    
Productive Gas Wells, Number of Wells, Gross                           12 2 6
Percentage Of Reduction In Drilling Carry Obligations               9.00%       12.00%        
Customer Advances and Deposits       471,000,000                        
Billed Obligations       46,000,000                        
Supply Commitment, Remaining Minimum Amount Committed       425,000,000                        
Oil And Gas Benefit From Drilling Carries 655,000,000 1,868,000,000                            
Proceeds from sale of leasehold                         $ 228,000,000      
[1] Joint venture partners include Total S.A. (TOT), CNOOC Limited (CNOOC), Statoil (STO), BP America (BP) and Plains Exploration & Production Company (PXP).
[2] In conjunction with an agreement requiring us to maintain our operated rig count at no less than 12 rigs in the Barnett Shale through December 31, 2012, TOT accelerated the payment of its remaining joint venture drilling carry in exchange for an approximate 9% reduction in the total amount of drilling carry obligation owed to us at that time. As a result, in October 2011, we received $471 million in cash from TOT, which included $46 million of drilling carry obligation billed and $425 million for the remaining drilling carry obligation. In January 2012, Chesapeake and TOT agreed to reduce the minimum rig count from 12 to six rigs. In May 2012, Chesapeake and TOT agreed to further reduce the minimum rig count from six to two rigs.
[3] In September 2009, PXP accelerated the payment of its remaining drilling carry in exchange for an approximate 12% reduction to the remaining drilling carry obligation owed to us at that time.
[4] As of September 30, 2012. The Utica drilling carries cover 60% of our drilling and completion costs for Utica wells drilled and must be used by December 2018. The Niobrara drilling carries cover 67% of our drilling and completion costs for Niobrara wells drilled and must be used by December 2014. We expect to fully utilize these drilling carry commitments prior to expiration. See Note 4 for further discussion of the Utica drilling carries.