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Other Property and Equipment (Note)
9 Months Ended
Sep. 30, 2015
Gain (Loss) on Disposition of Property Plant Equipment [Abstract]  
Other Property and Equipment Disclosure
Other Property and Equipment
Net (Gains) Losses on Sales of Fixed Assets
A summary by asset class of (gains) or losses on sales of fixed assets for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period is as follows:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
($ in millions)
Natural gas compressors
 
$
(1
)
 
$
(75
)
 
$
(1
)
 
$
(195
)
Gathering systems and treating plants
 
1

 
(5
)
 
1

 
8

Oilfield services equipment
 

 

 

 
(7
)
Buildings and land
 
(1
)
 
(6
)
 

 
(5
)
Other
 

 

 
3

 
(2
)
Total net (gains) losses on sales of fixed assets
 
$
(1
)
 
$
(86
)
 
$
3

 
$
(201
)

In the Prior Quarter, as part of a divestiture of noncore oil and natural gas properties in South Texas, we sold 61 compressors and related equipment to Hilcorp Energy Company for $19 million and recorded a $6 million gain on the sale. In the Prior Period, we sold 499 compressors and related equipment to Exterran Partners, L.P. for approximately $495 million, which included the sale of 162 compressors and related equipment for approximately $133 million in the Prior Quarter. We recorded a $161 million gain associated with the transactions, which included a $68 million gain in the Prior Quarter. In the Prior Period, we also sold 102 compressors and related equipment to Access Midstream Partners, L.P. (ACMP) for proceeds of approximately $159 million. We recorded a $24 million gain associated with the transaction.
Assets Held for Sale
We are continuing to pursue the sale of buildings and land located primarily in Oklahoma, West Virginia and the Fort Worth, Texas area. Buildings and land are recorded within our other segment. These assets are being actively marketed, and we believe it is probable they will be sold over the next 12 months. As a result, these assets are reflected as held for sale as of September 30, 2015. Oil and natural gas properties that we intend to sell are not presented as held for sale pursuant to the rules governing full cost accounting for oil and gas properties. As of September 30, 2015 and December 31, 2014, we had $94 million and $93 million, respectively, of buildings and land, net of accumulated depreciation, classified as assets held for sale on our condensed consolidated balance sheets.