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Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
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)
Year Ended
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
3,288

 
$
8,334

 
$

 
$

 
$
(3,750
)
 
$
7,872

Intersegment revenues
 

 
(3,750
)
 

 

 
3,750

 

Total revenues
 
$
3,288

 
$
4,584

 
$

 
$

 
$

 
$
7,872

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses on commodity derivatives
 
$
819

 
$

 
$

 
$

 
$

 
$
819

Unrealized losses on marketing derivatives
 
$

 
$
297

 
$

 
$

 
$

 
$
297

Oil, natural gas, NGL and other depreciation, depletion and amortization
 
$
1,024

 
$
45

 
$

 
$
38

 
$

 
$
1,107

Impairment of oil and natural gas properties
 
$
2,564

 
$

 
$

 
$

 
$

 
$
2,564

Impairments of fixed assets and other
 
$
387

 
$
220

 
$

 
$
231

 
$

 
$
838

Net gain (loss) on sales of fixed assets
 
$
(4
)
 
$
(7
)
 
$

 
$
(1
)
 
$

 
$
(12
)
Interest expense
 
$
(303
)
 
$

 
$

 
$
7

 
$

 
$
(296
)
Losses on investments
 
$

 
$

 
$

 
$
(8
)
 
$

 
$
(8
)
Impairments of
investments
 
$

 
$

 
$

 
$
(119
)
 
$

 
$
(119
)
Gains on purchases or exchanges of debt
 
$
236

 
$

 
$

 
$

 
$

 
$
236

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
(4,099
)
 
$
(112
)
 
$

 
$
(378
)
 
$

 
$
(4,589
)
Total Assets
 
$
11,249

 
$
1,118

 
$

 
$
1,059

 
$
(398
)
 
$
13,028

Capital Expenditures
 
$
1,439

 
$
7

 
$

 
$

 
$

 
$
1,446

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Former
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Year Ended
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
5,391

 
$
11,745

 
$

 
$

 
$
(4,372
)
 
$
12,764

Intersegment revenues
 

 
(4,372
)
 

 

 
4,372

 

Total revenues
 
$
5,391

 
$
7,373

 
$

 
$

 
$

 
$
12,764

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses on commodity derivatives
 
$
693

 
$

 
$

 
$

 
$

 
$
693

Unrealized gains on marketing derivatives
 
$

 
$
(295
)
 
$

 
$

 
$

 
$
(295
)
Oil, natural gas, NGL and other depreciation, depletion and amortization
 
$
2,170

 
$
20

 
$

 
$
39

 
$

 
$
2,229

Impairment of oil and natural gas properties
 
$
18,238

 
$

 
$

 
$

 
$

 
$
18,238

Impairments of fixed assets and other
 
$
126

 
$
68

 
$

 
$

 
$

 
$
194

Net gain (loss) on sales of fixed assets
 
$
1

 
$
1

 
$

 
$
2

 
$

 
$
4

Interest expense
 
$
(925
)
 
$
(4
)
 
$

 
$
6

 
$
606

 
$
(317
)
Losses on investments
 
$
(3
)
 
$

 
$

 
$
(93
)
 
$

 
$
(96
)
Impairments of investments
 
$

 
$

 
$

 
$
(53
)
 
$

 
$
(53
)
Gains on purchases or exchanges of debt
 
$
279

 
$

 
$

 
$

 
$

 
$
279

 
 
 
 
 
 

 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
(19,619
)
 
$
117

 
$

 
$
(127
)
 
$
531

 
$
(19,098
)
Total Assets
(as previously reported)
 
$
11,776

 
$
1,524

 
$

 
$
4,325

 
$
(311
)
 
$
17,314

Total Assets
(as revised)
 
$
14,610

 
$
1,524

 
$

 
$
1,491

 
$
(311
)
 
$
17,314

Capital Expenditures
 
$
3,562

 
$
42

 
$

 
$
10

 
$

 
$
3,614

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Former
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Year Ended
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
10,354

 
$
20,790

 
$
1,060

 
$
30

 
$
(9,109
)
 
$
23,125

Intersegment revenues
 

 
(8,565
)
 
(544
)
 

 
9,109

 

Total revenues
 
$
10,354

 
$
12,225

 
$
516

 
$
30

 
$

 
$
23,125

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses on commodity derivatives
 
$
(1,394
)
 
$

 
$

 
$

 
$

 
$
(1,394
)
Unrealized gains on marketing derivatives
 
$

 
$
(3
)
 
$

 
$

 
$

 
$
(3
)
Oil, natural gas, NGL and other depreciation, depletion and amortization
 
$
2,756

 
$
38

 
$
145

 
$
42

 
$
(66
)
 
$
2,915

Impairments of fixed assets and other
 
$
22

 
$
24

 
$
23

 
$
19

 
$

 
$
88

Net gain (loss) on sales of fixed assets
 
$
(2
)
 
$
(187
)
 
$
(8
)
 
$
(2
)
 
$

 
$
(199
)
Interest expense
 
$
(709
)
 
$
(21
)
 
$
(42
)
 
$
3

 
$
680

 
$
(89
)
Losses on investments
 
$
2

 
$

 
$
(1
)
 
$
(76
)
 
$

 
$
(75
)
Impairments of investments
 
$

 
$

 
$
(5
)
 
$

 
$

 
$
(5
)
Net loss on sales of investments
 
$
(6
)
 
$

 
$

 
$
73

 
$

 
$
67

Gains on purchases or exchanges of debt
 
$
(197
)
 
$

 
$

 
$

 
$

 
$
(197
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
2,874

 
$
326

 
$
(16
)
 
$
(30
)
 
$
46

 
$
3,200

Total Assets
(as previously reported)
 
$
35,285

 
$
1,978

 
$

 
$
4,283

 
$
(891
)
 
$
40,655

Total Assets
(as revised)
 
$
38,012

 
$
1,978

 
$

 
$
1,556

 
$
(891
)
 
$
40,655

Capital Expenditures
 
$
6,173

 
$
298

 
$
158

 
$
38

 
$

 
$
6,667