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Oil and Natural Gas Property Transactions (Tables)
6 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
VPP Transactions
As of June 30, 2015, our outstanding VPPs consisted of the following: 
 
 
 
 
 
 
 
 
Volume Sold
VPP #
 
Date of VPP        
 
Location
 
Proceeds
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
 
 
 
 
($ in millions)
 
(mmbbl)
 
 (bcf)
 
(mmbbl)
 
(bcfe)
10
 
March 2012
 
Anadarko Basin Granite
Wash
 
$
744

 
3.0

 
87

 
9.2

 
160

9
 
May 2011
 
Mid-Continent
 
853

 
1.7

 
138

 
4.8

 
177

8
 
September 2010
 
Barnett Shale
 
1,150

 

 
390

 

 
390

4
 
December 2008
 
Anadarko and Arkoma
Basins
 
412

 
0.5

 
95

 

 
98

3
 
August 2008
 
Anadarko Basin
 
600

 

 
93

 

 
93

2
 
May 2008
 
Texas, Oklahoma and
Kansas
 
622

 

 
94

 

 
94

1
 
December 2007
 
Kentucky and West
Virginia
 
1,100

 

 
208

 

 
208

 
 
 
 
 
 
$
5,481

 
5.2

 
1,105

 
14.0

 
1,220

VPP Volumes Produced During Period
The volumes produced on behalf of our VPP buyers during the Current Quarter, the Prior Quarter, the Current Period and the Prior Period were as follows:
 
 
Three Months Ended June 30, 2015
 
Three Months Ended June 30, 2014
VPP #
 
Oil
 
Natural Gas
 
NGL
 
Total
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
10
 
78.0

 
2.2

 
268.7

 
4.3

 
103.0

 
2.7

 
329.9

 
5.3

9
 
42.5

 
3.5

 
94.9

 
4.4

 
47.5

 
3.9

 
103.9

 
4.8

8
 

 
13.6

 

 
13.6

 

 
15.2

 

 
15.2

  6(a)
 

 

 

 

 
6.0

 
1.1

 

 
1.1

  5(a)
 

 

 

 

 
6.0

 
1.7

 

 
1.7

4
 
10.7

 
2.0

 

 
2.1

 
12.2

 
2.3

 

 
2.3

3
 

 
1.6

 

 
1.6

 

 
1.8

 

 
1.8

2
 

 
1.0

 

 
1.0

 

 
1.6

 

 
1.6

1
 

 
3.3

 

 
3.3

 

 
3.4

 

 
3.4

 
 
131.2

 
27.2

 
363.6

 
30.3

 
174.7

 
33.7

 
433.8

 
37.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
Six Months Ended June 30, 2014
VPP #
 
Oil
 
Natural Gas
 
NGL
 
Total
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
10
 
161.0

 
4.4

 
545.0

 
8.7

 
212.0

 
5.5

 
675.1

 
10.8

9
 
86.1

 
7.2

 
191.9

 
8.9

 
96.5

 
7.9

 
210.4

 
9.7

8
 

 
27.6

 

 
27.6

 

 
30.9

 

 
30.9

   6(a)
 

 

 

 

 
12.0

 
2.2

 

 
2.3

   5(a)
 

 

 

 

 
12.3

 
3.4

 

 
3.5

4
 
21.7

 
4.1

 

 
4.2

 
24.6

 
4.6

 

 
4.7

3
 

 
3.3

 

 
3.3

 

 
3.7

 

 
3.7

2
 

 
2.1

 

 
2.1

 

 
4.0

 

 
4.0

1
 

 
6.8

 

 
6.8

 

 
7.0

 

 
7.0

 
 
268.8

 
55.5

 
736.9

 
61.6

 
357.4

 
69.2

 
885.5

 
76.6

____________________________________________
(a)
In 2014, we divested the properties associated with VPP #5 and VPP #6.
VPP Volumes Remaining to Be Delivered
The volumes remaining to be delivered on behalf of our VPP buyers as of June 30, 2015 were as follows:
 
 
 
 
Volume Remaining as of June 30, 2015
VPP #
 
Term Remaining
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(in months)
 
 (mmbbl)
 
 (bcf)
 
 (mmbbl)
 
 (bcfe)
10
 
80
 
1.2

 
33.6

 
4.1

 
65.4

9
 
68
 
0.7

 
66.0

 
1.7

 
81.0

8
 
2
 

 
8.9

 

 
8.9

4
 
18
 
0.1

 
11.2

 

 
11.6

3
 
49
 

 
20.6

 

 
20.6

2
 
46
 

 
11.7

 

 
11.7

1
 
90
 

 
84.8

 

 
84.8

 
 
 
 
2.0

 
236.8

 
5.8

 
284.0