CONDENSED CONSOLIDATED BALANCE SHEETS - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)	$ 2,051	$ 4,108
Restricted cash	38	38
Accounts receivable, net	1,501	2,236
Short-term derivative assets ($5 and $16 attributable to our VIE)	387	879
Other current assets	254	207
Total Current Assets	4,231	7,468
Oil and natural gas properties, at cost based on full cost accounting:
Proved oil and natural gas properties ($488 and $488 attributable to our VIE)	62,161	58,594
Unproved properties	8,625	9,788
Other property and equipment	3,038	3,083
Total Property and Equipment, at Cost	73,824	71,465
Less: accumulated depreciation, depletion and amortization (($361) and ($251) attributable to our VIE)	(50,302)	(39,043)
Property and equipment held for sale, net	93	93
Total Property and Equipment, Net	23,615	32,515
LONG-TERM ASSETS:
Investments	255	265
Long-term derivative assets	186	6
Other long-term assets	311	497
TOTAL ASSETS	28,598	40,751
CURRENT LIABILITIES:
Accounts payable	1,284	2,049
Current maturities of long-term debt, net	889	381
Accrued interest	153	150
Deferred income tax liabilities	126	207
Short-term derivative liabilities	27	15
Other current liabilities ($11 and $15 attributable to our VIE)	2,649	3,061
Total Current Liabilities	5,128	5,863
LONG-TERM LIABILITIES:
Long-term debt, net	10,655	11,154
Deferred income tax liabilities	1,408	4,185
Long-term derivative liabilities	155	218
Asset retirement obligations, net of current portion	460	447
Other long-term liabilities	549	679
Total Long-Term Liabilities	13,227	16,683
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized: 7,251,515 shares outstanding	3,062	3,062
Common stock, $0.01 par value, 1,000,000,000 shares authorized: 665,060,856 and 664,944,232 shares issued	7	7
Paid-in capital	12,420	12,531
Retained earnings (deficit)	(6,364)	1,483
Accumulated other comprehensive loss	(131)	(143)
Less: treasury stock, at cost; 1,586,305 and 1,614,312 common shares	(36)	(37)
Total Chesapeake Stockholders’ Equity	8,958	16,903
Noncontrolling interests	1,285	1,302
Total Equity	10,243	18,205
TOTAL LIABILITIES AND EQUITY	$ 28,598	$ 40,751