XML 64 R127.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES AND OTHER:      
Revenues $ 8,595 $ 10,030 $ 10,039
Gains (losses) on sales of assets 43 (264) 476
OPERATING EXPENSES:      
Severance and ad valorem taxes 224 189 134
General and administrative 315 335 333
Restructuring and other termination costs 12 38 0
Provision for legal contingencies, net 19 26 (38)
Depreciation, depletion and amortization 2,264 1,737 1,697
Gain (loss) on sale of oil and natural gas properties 0 0  
Impairments 11 131 814
Other operating expense 92 0 416
Total Operating Expenses 8,626 9,648 10,177
INCOME (LOSS) FROM OPERATIONS (31) 382 (138)
OTHER INCOME (EXPENSE):      
Interest expense (651) (633) (601)
Gains (losses) on investments (71) 139 0
Gains on purchases or exchanges of debt 75 263 233
Other income 39 67 6
Equity in net earnings (losses) of subsidiary 0 0 0
Total Other Expense (608) (164) (362)
INCOME (LOSS) BEFORE INCOME TAXES (639) 218 (500)
Total Income Tax Expense (Benefit) (331) (10) 2
NET INCOME (LOSS) (308) 228 (502)
Net income attributable to noncontrolling interests 0 (2) (3)
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (308) 226 (505)
Other comprehensive income 35 34 39
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (273) 260 (466)
Oil, Natural Gas and NGL      
REVENUES AND OTHER:      
Revenues 4,522 5,155 4,985
Oil, natural gas and NGL production      
OPERATING EXPENSES:      
Cost of goods and services 520 474 517
Oil, natural gas and NGL gathering, processing and transportation      
OPERATING EXPENSES:      
Cost of goods and services 1,082 1,398 1,471
Marketing      
REVENUES AND OTHER:      
Revenues 3,967 5,076 4,511
OPERATING EXPENSES:      
Cost of goods and services 4,003 5,158 4,598
Oil, Natural gas and NGL and Marketing      
REVENUES AND OTHER:      
Revenues 8,489 10,231 9,496
Other      
REVENUES AND OTHER:      
Revenues 63 63 67
Exploration      
OPERATING EXPENSES:      
Cost of goods and services 84 162 235
Marketing      
REVENUES AND OTHER:      
Revenues 3,967 5,076  
Reportable legal entities | Exploration      
OPERATING EXPENSES:      
Cost of goods and services 7 0 0
Eliminations      
REVENUES AND OTHER:      
Revenues 0 0 0
Gains (losses) on sales of assets 0 0 0
OPERATING EXPENSES:      
Severance and ad valorem taxes 0 0 0
General and administrative 0 0 0
Restructuring and other termination costs 0 0  
Provision for legal contingencies, net 0 0 0
Depreciation, depletion and amortization 0 0 0
Impairments 0 0 0
Other operating expense 0   0
Total Operating Expenses 0 0 0
INCOME (LOSS) FROM OPERATIONS 0 0 0
OTHER INCOME (EXPENSE):      
Interest expense 0 0 0
Gains (losses) on investments 0 0  
Gains on purchases or exchanges of debt 0 0 0
Other income 0 0 0
Equity in net earnings (losses) of subsidiary 246 (584) 216
Total Other Expense 246 (584) 216
INCOME (LOSS) BEFORE INCOME TAXES 246 (584) 216
Total Income Tax Expense (Benefit) 0 0 0
NET INCOME (LOSS) 246 (584) 216
Net income attributable to noncontrolling interests 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE 246 (584) 216
Other comprehensive income 0 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE 246 (584) 216
Eliminations | Oil, Natural Gas and NGL      
REVENUES AND OTHER:      
Revenues 0 0 0
Eliminations | Oil, natural gas and NGL production      
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Eliminations | Oil, natural gas and NGL gathering, processing and transportation      
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Eliminations | Marketing      
REVENUES AND OTHER:      
Revenues 0 0 0
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Eliminations | Oil, Natural gas and NGL and Marketing      
REVENUES AND OTHER:      
Revenues   0 0
Eliminations | Other      
REVENUES AND OTHER:      
Revenues 0 0 0
Eliminations | Exploration      
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Parent | Reportable legal entities      
REVENUES AND OTHER:      
Revenues 0 0 0
Gains (losses) on sales of assets 0 0 0
OPERATING EXPENSES:      
Severance and ad valorem taxes 0 0 0
General and administrative 1 2 1
Restructuring and other termination costs 0 0  
Provision for legal contingencies, net 0 0 (79)
Depreciation, depletion and amortization 0 0 0
Impairments 0 0 0
Other operating expense 0   0
Total Operating Expenses 1 2 (78)
INCOME (LOSS) FROM OPERATIONS (1) (2) 78
OTHER INCOME (EXPENSE):      
Interest expense (598) (631) (599)
Gains (losses) on investments 0 0  
Gains on purchases or exchanges of debt 65 263 233
Other income 0 3 1
Equity in net earnings (losses) of subsidiary (105) 583 (216)
Total Other Expense (638) 218 (581)
INCOME (LOSS) BEFORE INCOME TAXES (639) 216 (503)
Total Income Tax Expense (Benefit) (331) (10) 2
NET INCOME (LOSS) (308) 226 (505)
Net income attributable to noncontrolling interests 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (308) 226 (505)
Other comprehensive income 0 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (308) 226 (505)
Parent | Reportable legal entities | Oil, Natural Gas and NGL      
REVENUES AND OTHER:      
Revenues 0 0 0
Parent | Reportable legal entities | Oil, natural gas and NGL production      
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Parent | Reportable legal entities | Oil, natural gas and NGL gathering, processing and transportation      
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Parent | Reportable legal entities | Marketing      
REVENUES AND OTHER:      
Revenues 0 0 0
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Parent | Reportable legal entities | Oil, Natural gas and NGL and Marketing      
REVENUES AND OTHER:      
Revenues 0 0 0
Parent | Reportable legal entities | Other      
REVENUES AND OTHER:      
Revenues 0 0 0
Parent | Reportable legal entities | Exploration      
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Guarantor Subsidiaries | Reportable legal entities      
REVENUES AND OTHER:      
Revenues 7,830 10,011 10,016
Gains (losses) on sales of assets 43 (264) 476
OPERATING EXPENSES:      
Severance and ad valorem taxes 174 188 133
General and administrative 237 332 330
Restructuring and other termination costs 12 38  
Provision for legal contingencies, net 19 26 41
Depreciation, depletion and amortization 1,719 1,730 1,688
Impairments 11 131 814
Other operating expense 52   416
Total Operating Expenses 7,802 9,630 10,235
INCOME (LOSS) FROM OPERATIONS 28 381 (219)
OTHER INCOME (EXPENSE):      
Interest expense 16 (2) (2)
Gains (losses) on investments (47) 139  
Gains on purchases or exchanges of debt 0 0 0
Other income 39 64 5
Equity in net earnings (losses) of subsidiary (141) 1 0
Total Other Expense (133) 202 3
INCOME (LOSS) BEFORE INCOME TAXES (105) 583 (216)
Total Income Tax Expense (Benefit) 0 0 0
NET INCOME (LOSS) (105) 583 (216)
Net income attributable to noncontrolling interests 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (105) 583 (216)
Other comprehensive income 35 34 39
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (70) 617 (177)
Guarantor Subsidiaries | Reportable legal entities | Oil, Natural Gas and NGL      
REVENUES AND OTHER:      
Revenues 3,760 5,136 4,962
Guarantor Subsidiaries | Reportable legal entities | Oil, natural gas and NGL production      
OPERATING EXPENSES:      
Cost of goods and services 436 474 517
Guarantor Subsidiaries | Reportable legal entities | Oil, natural gas and NGL gathering, processing and transportation      
OPERATING EXPENSES:      
Cost of goods and services 1,062 1,391 1,463
Guarantor Subsidiaries | Reportable legal entities | Marketing      
REVENUES AND OTHER:      
Revenues 3,967 5,076 4,511
OPERATING EXPENSES:      
Cost of goods and services 4,003 5,158 4,598
Guarantor Subsidiaries | Reportable legal entities | Oil, Natural gas and NGL and Marketing      
REVENUES AND OTHER:      
Revenues 7,727 10,212 9,473
Guarantor Subsidiaries | Reportable legal entities | Other      
REVENUES AND OTHER:      
Revenues 60 63 67
Guarantor Subsidiaries | Reportable legal entities | Exploration      
OPERATING EXPENSES:      
Cost of goods and services 77 162 235
Non-Guarantor Subsidiaries | Reportable legal entities      
REVENUES AND OTHER:      
Revenues 765 19 23
Gains (losses) on sales of assets 0 0 0
OPERATING EXPENSES:      
Severance and ad valorem taxes 50 1 1
General and administrative 77 1 2
Restructuring and other termination costs 0 0  
Provision for legal contingencies, net 0 0 0
Depreciation, depletion and amortization 545 7 9
Impairments 0 0 0
Other operating expense 40   0
Total Operating Expenses 823 16 20
INCOME (LOSS) FROM OPERATIONS (58) 3 3
OTHER INCOME (EXPENSE):      
Interest expense (69) 0 0
Gains (losses) on investments (24) 0  
Gains on purchases or exchanges of debt 10 0 0
Other income 0 0 0
Equity in net earnings (losses) of subsidiary 0 0 0
Total Other Expense (83) 0 0
INCOME (LOSS) BEFORE INCOME TAXES (141) 3 3
Total Income Tax Expense (Benefit) 0 0 0
NET INCOME (LOSS) (141) 3 3
Net income attributable to noncontrolling interests 0 (2) (3)
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (141) 1 0
Other comprehensive income 0 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (141) 1 0
Non-Guarantor Subsidiaries | Reportable legal entities | Oil, Natural Gas and NGL      
REVENUES AND OTHER:      
Revenues 762 19 23
Non-Guarantor Subsidiaries | Reportable legal entities | Oil, natural gas and NGL production      
OPERATING EXPENSES:      
Cost of goods and services 84 0 0
Non-Guarantor Subsidiaries | Reportable legal entities | Oil, natural gas and NGL gathering, processing and transportation      
OPERATING EXPENSES:      
Cost of goods and services 20 7 8
Non-Guarantor Subsidiaries | Reportable legal entities | Marketing      
REVENUES AND OTHER:      
Revenues 0 0 0
OPERATING EXPENSES:      
Cost of goods and services 0 0 0
Non-Guarantor Subsidiaries | Reportable legal entities | Oil, Natural gas and NGL and Marketing      
REVENUES AND OTHER:      
Revenues 762 19 23
Non-Guarantor Subsidiaries | Reportable legal entities | Other      
REVENUES AND OTHER:      
Revenues $ 3 $ 0 $ 0