CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents ($2 and $2 attributable to our VIE)		$ 306	$ 6
Accounts receivable, net		676	990
Short-term derivative assets		0	134
Other current assets		90	121
Total Current Assets		1,072	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)		31,511	30,765
Unproved properties		1,738	2,173
Other property and equipment		1,786	1,810
Total Property and Equipment, at Cost		35,035	34,748
Less: accumulated depreciation, depletion and amortization (($748) and ($713) attributable to our VIE)		(29,399)	(20,002)
Property and equipment held for sale, net		10	10
Total Property and Equipment, Net		5,646	14,756
Other long-term assets		185	186
TOTAL ASSETS		6,903	16,193
CURRENT LIABILITIES:
Accounts payable		316	498
Current maturities of long-term debt, net		1,929	385
Accrued interest		2	75
Short-term derivative liabilities		105	2
Other current liabilities (nominal and $1 attributable to our VIE)		753	1,432
Total Current Liabilities		3,105	2,392
Long-term debt, net		0	9,073
Long-term derivative liabilities		61	2
Asset retirement obligations, net of current portion		212	200
Other long-term liabilities		16	125
Liabilities subject to compromise		8,428	0
Total Liabilities		11,822	11,792
CONTINGENCIES AND COMMITMENTS (Note 5)
Chesapeake Stockholders’ Equity (Deficit):
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: 9,780,371 and 9,772,793 shares issued(a)	[1]	0	0
Additional paid-in capital(a)	[1]	16,931	16,973
Accumulated deficit		(23,538)	(14,220)
Accumulated other comprehensive income		36	12
Less: treasury stock, at cost; 0 and 26,224 common shares	[1]	0	(32)
Total Chesapeake Stockholders’ Equity (Deficit)		(4,940)	4,364
Noncontrolling interests		21	37
Total Equity (Deficit)		(4,919)	4,401
TOTAL LIABILITIES AND EQUITY (DEFICIT)		$ 6,903	$ 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 9 for additional information.