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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table presents selected financial information for Chesapeake’s operating segments.
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Oilfield
Services  
 
Other
Operations  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
For the Year Ended December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
6,278

 
$
10,895

 
$
1,917

 
$
21

 
$
(6,795
)
 
$
12,316

Intersegment revenues
 
—

 
(5,464
)
 
(1,315
)
 
(16
)
 
6,795

 
—

Total revenues
 
$
6,278

 
$
5,431

 
$
602

 
$
5

 
$
—

 
$
12,316

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized (gain) loss on natural gas, oil and NGL derivatives
 
(561
)
 
—

 
—

 
—

 
—

 
(561
)
Depreciation, depletion and amortization
 
2,624

 
54

 
232

 
46

 
(145
)
 
2,811

Impairment of natural gas and oil properties
 
3,315

 
—

 
—

 
—

 
—

 
3,315

(Gains) losses on sales of fixed assets
 
14

 
(298
)
 
10

 
7

 
—

 
(267
)
Impairments of fixed assets and other
 
28

 
6

 
60

 
246

 
—

 
340

Interest expense
 
(47
)
 
(20
)
 
(76
)
 
(364
)
 
430

 
(77
)
Earnings (losses) on investments
 
—

 
49

 
—

 
(152
)
 
—

 
(103
)
Gains (losses) on sales of investments
 
(2
)
 
1,094

 
—

 
—

 
—

 
1,092

Losses on purchases or exchanges of debt
 
(200
)
 
—

 
—

 
—

 
—

 
(200
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Income Taxes
 
$
(1,798
)
 
$
1,665

 
$
112

 
$
(478
)
 
$
(475
)
 
$
(974
)
Total Assets
 
$
37,004

 
$
2,291

 
$
2,115

 
$
2,529

 
$
(2,328
)
 
$
41,611

Capital Expenditures
 
$
12,044

 
$
852

 
$
658

 
$
554

 
$
—

 
$
14,108

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Oilfield
Services  
 
Other
Operations  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
For the Year Ended December 31, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
6,024

 
$
10,336

 
$
1,258

 
$
—

 
$
(5,983
)
 
$
11,635

Intersegment revenues
 
—

 
(5,246
)
 
(737
)
 
—

 
5,983

 
—

Total revenues
 
$
6,024

 
$
5,090

 
$
521

 
$
—

 
$
—

 
$
11,635

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized (gains) losses on natural gas, oil and NGL derivatives
 
789

 
—

 
—

 
—

 
—

 
789

Depreciation, depletion and amortization
 
1,759

 
55

 
172

 
37

 
(100
)
 
1,923

(Gains) losses on sales of fixed assets
 
3

 
(441
)
 
1

 
—

 
—

 
(437
)
Impairments of fixed assets and other
 
—

 
43

 
3

 
—

 
—

 
46

Interest expense
 
(42
)
 
(15
)
 
(48
)
 
(195
)
 
256

 
(44
)
Earnings on investments
 
—

 
95

 
—

 
61

 
—

 
156

Losses on purchases or exchanges of debt
 
(176
)
 
—

 
—

 
—

 
—

 
(176
)
Other income
 
260

 
1

 
5

 
35

 
(278
)
 
23

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Income Taxes
 
$
2,561

 
$
745

 
$
72

 
$
(168
)
 
$
(330
)
 
$
2,880

Total Assets
 
$
35,403

 
$
4,047

 
$
1,571

 
$
2,718

 
$
(1,904
)
 
$
41,835

Capital Expenditures
 
$
12,201

 
$
1,219

 
$
657

 
$
484

 
$
—

 
$
14,561

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Oilfield
Services  
 
Other
Operations  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
For the Year Ended December 31, 2010:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
5,647

 
$
7,655

 
$
757

 
$
—

 
$
(4,693
)
 
$
9,366

Intersegment revenues
 
—

 
(4,176
)
 
(517
)
 
—

 
4,693

 
—

Total revenues
 
$
5,647

 
$
3,479

 
$
240

 
$
—

 
$
—

 
$
9,366

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized (gains) losses on natural gas, oil and NGL derivatives
 
658

 
—

 
—

 
—

 
—

 
658

Depreciation, depletion and amortization
 
1,518

 
43

 
94

 
28

 
(69
)
 
1,614

(Gains) losses on sales of fixed assets
 
(1
)
 
(139
)
 
(1
)
 
4

 
—

 
(137
)
Impairments of fixed assets and other
 
(1
)
 
20

 
—

 
—

 
2

 
21

Interest expense
 
(15
)
 
(17
)
 
(25
)
 
(90
)
 
128

 
(19
)
Earnings on investments
 
—

 
193

 
—

 
34

 
—

 
227

Losses on purchases or exchanges of debt
 
(129
)
 
—

 
—

 
—

 
—

 
(129
)
Impairment of investments
 
—

 
—

 
—

 
(16
)
 
—

 
(16
)
Other income
 
134

 
2

 
—

 
8

 
(128
)
 
16

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Income Taxes
 
$
2,663

 
$
584

 
$
10

 
$
(102
)
 
$
(271
)
 
$
2,884

Total Assets
 
$
31,840

 
$
3,436

 
$
875

 
$
2,044

 
$
(1,016
)
 
$
37,179

Capital Expenditures
 
$
12,932

 
$
624

 
$
313

 
$
163

 
$
—

 
$
14,032