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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Millions
Total
PREFERRED STOCK:
COMMON STOCK:
ADDITIONAL PAID-IN CAPITAL:
ADDITIONAL PAID-IN CAPITAL:
Exchange of preferred stock for shares of common stock
ADDITIONAL PAID-IN CAPITAL:
Exchange of senior notes for shares of common stock
ADDITIONAL PAID-IN CAPITAL:
Exchange of convertible senior notes for common stock
ACCUMULATED DEFICIT:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
TREASURY STOCK – COMMON:
TOTAL CHESAPEAKE STOCKHOLDERS’ EQUITY
NONCONTROLLING INTERESTS:
Chesapeake stockholders’ equity, beginning of period at Dec. 31, 2017 [1]   $ 1,671 $ 9 $ 14,437       $ (14,130) $ (57) $ (31)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 40,000, 0, 40,000 and 0 shares of preferred stock for common stock [1]   0                    
Common shares issued for WildHorse Merger [1]     0 0                
Exchange of senior notes and convertible senior notes [1]     0                  
Exchange of preferred stock [1]         $ 0              
Exchange of notes [1]           $ 0 $ 0          
Equity component of convertible notes repurchases [1]       0                
Stock-based compensation [1]       26                
Dividends on preferred stock [1]       (69)                
Net income (loss) attributable to Chesapeake $ (378) [2]             (378) [1]        
Hedging activity [1]                 25      
Purchase of 53,337, 30,509, 2,673,903, and 1,499,033 shares for company benefit plans [1]                   (4)    
Release of 37,301, 41,617, 296,864 and 431,474 shares from company benefit plans [1]                   4    
Chesapeake stockholders’ equity, end of period at Sep. 30, 2018 [1]   1,671 9 14,394       (14,516) (32) (31) $ 1,495  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Dec. 31, 2017 [1]                       $ 44
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income attributable to noncontrolling interests (1) [2],[3]                     1 [1]
Distributions to noncontrolling interest owners [1]                       (5)
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2018 [1]                       40
Chesapeake stockholders’ equity, beginning of period at Jun. 30, 2018 [1]   1,671 9 14,408       (14,370) (40) (31)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 40,000, 0, 40,000 and 0 shares of preferred stock for common stock [1]   0                    
Common shares issued for WildHorse Merger [1]     0 0                
Exchange of senior notes and convertible senior notes [1]     0                  
Exchange of preferred stock [1]         0              
Exchange of notes [1]           0 0          
Equity component of convertible notes repurchases [1]       0                
Stock-based compensation [1]       9                
Dividends on preferred stock [1]       (23)                
Net income (loss) attributable to Chesapeake (146) [2]             (146) [1]        
Hedging activity [1]                 8      
Purchase of 53,337, 30,509, 2,673,903, and 1,499,033 shares for company benefit plans [1]                   0    
Release of 37,301, 41,617, 296,864 and 431,474 shares from company benefit plans [1]                   0    
Chesapeake stockholders’ equity, end of period at Sep. 30, 2018 [1]   1,671 9 14,394       (14,516) (32) (31) 1,495  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Jun. 30, 2018 [1]                       42
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income attributable to noncontrolling interests 0 [2],[3]                     0 [1]
Distributions to noncontrolling interest owners [1]                       (2)
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2018 [1]                       40
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Total Equity [1] 1,535                      
Total Equity 2,133                      
Chesapeake stockholders’ equity, beginning of period at Dec. 31, 2018 2,092 1,671 9 14,378       (13,912) (23) (31)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 40,000, 0, 40,000 and 0 shares of preferred stock for common stock   (40)                    
Common shares issued for WildHorse Merger     7 2,030                
Exchange of senior notes and convertible senior notes     3                  
Exchange of preferred stock         40              
Exchange of notes           438 134          
Equity component of convertible notes repurchases       (2)                
Stock-based compensation       26                
Dividends on preferred stock       (69)                
Net income (loss) attributable to Chesapeake 16             16        
Hedging activity                 26      
Purchase of 53,337, 30,509, 2,673,903, and 1,499,033 shares for company benefit plans                   (7)    
Release of 37,301, 41,617, 296,864 and 431,474 shares from company benefit plans                   2    
Chesapeake stockholders’ equity, end of period at Sep. 30, 2019 4,696 1,631 19 16,975       (13,896) [1] 3 (36) 4,696  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Dec. 31, 2018 41                     41
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income attributable to noncontrolling interests 0                     0
Distributions to noncontrolling interest owners                       (2)
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2019 39                     39
Chesapeake stockholders’ equity, beginning of period at Jun. 30, 2019   1,671 16 16,380       (13,835) (5) (36)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 40,000, 0, 40,000 and 0 shares of preferred stock for common stock   (40)                    
Common shares issued for WildHorse Merger     0 0                
Exchange of senior notes and convertible senior notes     3                  
Exchange of preferred stock         $ 40              
Exchange of notes           $ 438 $ 134          
Equity component of convertible notes repurchases       (2)                
Stock-based compensation       8                
Dividends on preferred stock       (23)                
Net income (loss) attributable to Chesapeake (61)             (61)        
Hedging activity                 8      
Purchase of 53,337, 30,509, 2,673,903, and 1,499,033 shares for company benefit plans                   0    
Release of 37,301, 41,617, 296,864 and 431,474 shares from company benefit plans                   0    
Chesapeake stockholders’ equity, end of period at Sep. 30, 2019 4,696 $ 1,631 $ 19 $ 16,975       $ (13,896) [1] $ 3 $ (36) $ 4,696  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Jun. 30, 2019                       39
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income attributable to noncontrolling interests 0                     0
Distributions to noncontrolling interest owners                       0
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2019 39                     $ 39
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Total Equity $ 4,735                      
[1] Financial information for prior periods has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[2] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[3] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.