CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents ($2 and $1 attributable to our VIE)	$ 4	$ 4
Accounts receivable, net	1,021	1,247
Short-term derivative assets	224	209
Other current assets	135	138
Total Current Assets	1,384	1,598
Oil and natural gas properties, at cost based on successful efforts accounting:
Proved oil and natural gas properties ($755 and $755 attributable to our VIE)	29,675	25,407
Unproved properties	2,210	1,561
Other property and equipment	1,808	1,721
Total Property and Equipment, at Cost	33,693	28,689
Less: accumulated depreciation, depletion and amortization (($710) and ($707) attributable to our VIE)	(18,860)	(17,886)
Property and equipment held for sale, net	12	15
Total Property and Equipment, Net	14,845	10,818
LONG-TERM ASSETS:
Long-term derivative assets	63	76
Other long-term assets	248	243
TOTAL ASSETS	16,540	12,735
CURRENT LIABILITIES:
Accounts payable	611	763
Current maturities of long-term debt, net	0	381
Accrued interest	157	141
Short-term derivative liabilities	22	3
Other current liabilities ($1 and $2 attributable to our VIE)	1,430	1,599
Total Current Liabilities	2,220	2,887
LONG-TERM LIABILITIES:
Long-term debt, net	9,701	7,341
Long-term derivative liabilities	3	0
Asset retirement obligations, net of current portion	181	155
Other long-term liabilities	205	219
Total Long-Term Liabilities	10,090	7,715
CONTINGENCIES AND COMMITMENTS (Note 7)
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized: 5,603,458 shares outstanding	1,671	1,671
Common stock, $0.01 par value, 3,000,000,000 and 2,000,000,000 shares authorized: 1,634,486,189 and 913,715,512 shares issued	16	9
Additional paid-in capital	16,380	14,378
Accumulated deficit	(13,835)	(13,912)
Accumulated other comprehensive loss	(5)	(23)
Less: treasury stock, at cost; 5,607,556 and 3,246,553 common shares	(36)	(31)
Total Chesapeake Stockholders’ Equity	4,191	2,092
Noncontrolling interests	39	41
Total Equity	4,230	2,133
TOTAL LIABILITIES AND EQUITY	$ 16,540	$ 12,735