CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents ($2 and $2 attributable to our VIE)		$ 82	$ 6
Accounts receivable, net		762	990
Short-term derivative assets		884	134
Other current assets		90	121
Total Current Assets		1,818	1,251
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)		31,251	30,765
Unproved properties		1,870	2,173
Other property and equipment		1,812	1,810
Total Property and Equipment, at Cost		34,933	34,748
Less: accumulated depreciation, depletion and amortization (($748) and ($713) attributable to our VIE)		(29,110)	(20,002)
Property and equipment held for sale, net		10	10
Total Property and Equipment, Net		5,833	14,756
LONG-TERM ASSETS:
Other long-term assets		157	186
TOTAL ASSETS		7,808	16,193
CURRENT LIABILITIES:
Accounts payable		552	498
Current maturities of long-term debt, net		420	385
Accrued interest		136	75
Short-term derivative liabilities		0	2
Other current liabilities ($1 and $1 attributable to our VIE)		1,152	1,432
Total Current Liabilities		2,260	2,392
LONG-TERM LIABILITIES:
Long-term debt, net		9,163	9,073
Long-term derivative liabilities		22	2
Asset retirement obligations, net of current portion		206	200
Other long-term liabilities		81	125
Total Long-Term Liabilities		9,472	9,400
CONTINGENCIES AND COMMITMENTS (Note 5)
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized 5,563,458 shares outstanding		1,631	1,631
Common stock, $0.01 par value, 22,500,000 and 15,000,000 shares authorized: 9,783,773 and 9,772,793 shares issued(a)	[1]	0	0
Additional paid-in capital(a)	[1]	16,920	16,973
Accumulated deficit		(22,517)	(14,220)
Accumulated other comprehensive income		21	12
Less: treasury stock, at cost; 0 and 26,224 common shares	[1]	0	(32)
Total Chesapeake Stockholders’ Equity (Deficit)		(3,945)	4,364
Noncontrolling interests		21	37
Total Equity (Deficit)		(3,924)	4,401
TOTAL LIABILITIES AND EQUITY		$ 7,808	$ 16,193

[1] Amounts and shares have been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 17 for additional information.