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Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents selected financial information for Chesapeake’s operating segments:
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Former
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Three Months Ended
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
699

 
$
3,509

 
$

 
$

 
$
(1,175
)
 
$
3,033

Intersegment revenues
 
29

 
(1,204
)
 

 

 
1,175

 

Total revenues
 
$
728

 
$
2,305

 
$

 
$

 
$

 
$
3,033

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
(5,785
)
 
$
134

 
$

 
$
(31
)
 
$
86

 
$
(5,596
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,704

 
$
5,355

 
$
552

 
$
3

 
$
(2,462
)
 
$
5,152

Intersegment revenues
 

 
(2,188
)
 
(274
)
 

 
2,462

 

Total revenues
 
$
1,704

 
$
3,167

 
$
278

 
$
3

 
$

 
$
5,152

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
410

 
$
109

 
$
19

 
$
(20
)
 
$
(147
)
 
$
371

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,761

 
$
6,417

 
$

 
$

 
$
(2,385
)
 
$
5,793

Intersegment revenues
 
52

 
(2,437
)
 

 

 
2,385

 

Total revenues
 
$
1,813

 
$
3,980

 
$

 
$

 
$

 
$
5,793

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
(11,134
)
 
$
138

 
$

 
$
(45
)
 
$
353

 
$
(10,688
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
3,471

 
$
10,777

 
$
1,060

 
$
30

 
$
(5,140
)
 
$
10,198

Intersegment revenues
 

 
(4,596
)
 
(544
)
 

 
5,140

 

Total revenues
 
$
3,471

 
$
6,181

 
$
516

 
$
30

 
$

 
$
10,198

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
1,098

 
$
213

 
$
(16
)
 
$
39

 
$
(217
)
 
$
1,117

 
 
 
 
 
 
 
 
 
 
 
 
 
As of
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
22,815

 
$
1,946

 
$

 
$
4,364

 
$
(527
)
 
$
28,598

 
 
 
 
 
 
 
 
 
 
 
 
 
As of
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
35,381

 
$
1,978

 
$

 
$
4,283

 
$
(891
)
 
$
40,751