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Oil and Natural Gas Property Transactions (Tables)
 6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
VPP Transactions
As of June 30, 2016, 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)
9
 
May 2011
 
Mid-Continent
 
$
853

 
1.7

 
138

 
4.8

 
177

1
 
December 2007
 
Kentucky and West
Virginia
 
1,100

 
—

 
208

 
—

 
208

 
 
 
 
 
 
$
1,953

 
1.7

 
346

 
4.8

 
385
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, 2016
 
Three Months Ended June 30, 2015
VPP #
 
Oil
 
Natural Gas
 
NGL
 
Total
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 10(a)
 
42.0

 
1.2

 
146.0

 
2.3

 
78.0

 
2.2

 
268.7

 
4.3

9
 
38.5

 
3.3

 
87.6

 
4.1

 
42.5

 
3.5

 
94.9

 
4.4

   8(b)
 
—

 
—

 
—

 
—

 
—

 
13.6

 
—

 
13.6

   4(a)
 
9.9

 
1.9

 
—

 
2.0

 
10.7

 
2.0

 
—

 
2.1

   3(a)
 
—

 
1.0

 
—

 
1.0

 
—

 
1.6

 
—

 
1.6

   2(a)
 
—

 
0.6

 
—

 
0.6

 
—

 
1.0

 
—

 
1.0

1
 
—

 
3.1

 
—

 
3.1

 
—

 
3.3

 
—

 
3.3

 
 
90.4

 
11.1

 
233.6

 
13.1

 
131.2

 
27.2

 
363.6

 
30.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
Six Months Ended June 30, 2015
VPP #
 
Oil
 
Natural Gas
 
NGL
 
Total
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
10(a)
 
108.0

 
3.0

 
368.7

 
5.8

 
161.0

 
4.4

 
545.0

 
8.7

9
 
77.9

 
6.7

 
176.9

 
8.2

 
86.1

 
7.2

 
191.9

 
8.9

   8(b)
 
—

 
—

 
—

 
—

 
—

 
27.6

 
—

 
27.6

   4(a)
 
20.0

 
3.8

 
—

 
3.9

 
21.7

 
4.1

 
—

 
4.2

   3(a)
 
—

 
2.5

 
—

 
2.5

 
—

 
3.3

 
—

 
3.3

   2(a)
 
—

 
1.5

 
—

 
1.5

 
—

 
2.1

 
—

 
2.1

1
 
—

 
6.4

 
—

 
6.4

 
—

 
6.8

 
—

 
6.8

 
 
205.9

 
23.9

 
545.6

 
28.3

 
268.8

 
55.5

 
736.9

 
61.6

____________________________________________
(a)
In connection with certain divestitures in the Current Quarter, we purchased the remaining oil and natural gas interests previously sold in connection with VPP #10, VPP #4, VPP #3 and VPP #2. A majority of the oil and gas interests purchased were subsequently sold to the buyers of the assets.
(b)
VPP #8 expired in August 2015.
VPP Volumes Remaining to Be Delivered
The volumes remaining to be delivered on behalf of our VPP buyers as of June 30, 2016 were as follows:
 
 
 
 
Volume Remaining as of June 30, 2016
VPP #
 
Term Remaining
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(in months)
 
 (mmbbl)
 
 (bcf)
 
 (mmbbl)
 
 (bcfe)
9
 
56
 
0.6

 
52.4

 
1.4

 
64.2

1
 
78
 
—

 
71.9

 
—

 
71.9

 
 
 
 
0.6

 
124.3

 
1.4

 
136.1