Net Gains on Sales of Fixed AssetsText Block (Notes)

3 Months Ended

Mar. 31, 2013

Gains (Losses) on Sales of Assets [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Net Gains on Sales of Fixed Assets

For assets outside of our full cost pool, the costs of assets retired or otherwise disposed of and the applicable accumulated depreciation are removed from accounts, and the resulting gain or loss is reflected in operating costs. A summary of our gains or losses by asset class for the Current Quarter and Prior Quarter is as follows:



	Three Months Ended March 31,
	2013			2012
Gathering systems and treating plants^(a)	$	69		$	1
Drilling rigs and equipment	(1		)	—
Buildings and land^(b)	(22		)	—
Other	3			1
Total net gains on sales	$	49		$	2

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(a)	In the Current Quarter, we sold our interest in certain gathering system assets in Pennsylvania to Western Gas Partners, LP for proceeds of approximately $134 million. We recorded a $56 million pre-tax gain associated with this transaction.


(b)	In the Current Quarter, the net losses on sales of buildings and land were primarily from the sale of certain of our buildings and land in our Barnett Shale operating area.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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