XML 148 R124.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Combined Debtor-in-Possession Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES AND OTHER:                      
Gains (losses) on sales of assets                 $ 30 $ 43 $ (264)
Total revenues $ 1,259 $ 975 $ 521 $ 2,541 $ 1,926 $ 2,087 $ 2,386 $ 2,196 5,296 8,595 10,030
OPERATING EXPENSES:                      
Severance and ad valorem taxes                 149 224 189
General and administrative                 267 315 335
Separation and other termination costs                 44 12 38
Provision for legal contingencies                 27 19 26
Depreciation, depletion and amortization                 1,097 2,264 1,737
Impairments       8,446         8,535 11 131
Other operating expense                 109 92 0
Total Operating Expenses                 13,999 8,626 9,648
INCOME (LOSS) FROM OPERATIONS $ 176 $ (111) $ (541) $ (8,227) $ (173) $ 46 $ 278 $ (182) (8,703) (31) 382
OTHER INCOME (EXPENSE):                      
Interest expense                 (331) (651) (633)
Gains on purchases or exchanges of debt                 65 75 263
Other income                 16 39 67
Reorganization items, net                 (796) 0 0
Equity in net earnings (losses) of subsidiary                 (20) (71) 139
Total Other Expense                 (1,066) (608) (164)
INCOME (LOSS) BEFORE INCOME TAXES                 (9,769) (639) 218
Total Income Tax Expense (Benefit)                 (19) (331) (10)
NET INCOME (LOSS)                 (9,750) (308) 228
Other comprehensive income                 33 35 34
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE                 (9,701) (273) 260
Oil, Natural Gas and NGL                      
REVENUES AND OTHER:                      
Total revenues                 3,341 4,522 5,155
Oil, natural gas and NGL production                      
OPERATING EXPENSES:                      
Cost of goods and services                 373 520 474
Oil, natural gas and NGL gathering, processing and transportation                      
OPERATING EXPENSES:                      
Cost of goods and services                 1,082 1,082 1,398
Marketing                      
REVENUES AND OTHER:                      
Total revenues                 1,869 3,967 5,076
OPERATING EXPENSES:                      
Cost of goods and services                 1,889 4,003 5,158
Oil, Natural gas and NGL and Marketing                      
REVENUES AND OTHER:                      
Total revenues                 5,210 8,489 10,231
Other                      
REVENUES AND OTHER:                      
Total revenues                 56 63 63
Exploration                      
OPERATING EXPENSES:                      
Cost of goods and services                 427 84 162
Debtor-in-Possession                      
REVENUES AND OTHER:                      
Gains (losses) on sales of assets                 30 43 (264)
Total revenues                 5,289 8,581 10,011
OPERATING EXPENSES:                      
Severance and ad valorem taxes                 149 224 188
General and administrative                 266 314 334
Separation and other termination costs                 44 12 38
Provision for legal contingencies                 27 19 26
Depreciation, depletion and amortization                 1,095 2,258 1,730
Impairments                 8,501 11 131
Other operating expense                 109 92 0
Total Operating Expenses                 13,959 8,613 9,632
INCOME (LOSS) FROM OPERATIONS                 (8,670) (32) 379
OTHER INCOME (EXPENSE):                      
Interest expense                 (331) (651) (633)
Gains (losses) on investments                 (20) (71) 139
Gains on purchases or exchanges of debt                 65 75 263
Other income                 16 39 67
Reorganization items, net                 (796) 0 0
Equity in net earnings (losses) of subsidiary                 (17) 1 1
Total Other Expense                 (1,083) (607) (163)
INCOME (LOSS) BEFORE INCOME TAXES                 (9,753) (639) 216
Total Income Tax Expense (Benefit)                 (19) (331) (10)
NET INCOME (LOSS)                 (9,734) (308) 226
Other comprehensive income                 33 35 34
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE                 (9,701) (273) 260
Debtor-in-Possession | Oil, Natural Gas and NGL                      
REVENUES AND OTHER:                      
Total revenues                 3,334 4,508 5,136
Debtor-in-Possession | Oil, natural gas and NGL production                      
OPERATING EXPENSES:                      
Cost of goods and services                 373 520 474
Debtor-in-Possession | Oil, natural gas and NGL gathering, processing and transportation                      
OPERATING EXPENSES:                      
Cost of goods and services                 1,079 1,076 1,391
Debtor-in-Possession | Marketing                      
REVENUES AND OTHER:                      
Total revenues                 1,869 3,967 5,076
OPERATING EXPENSES:                      
Cost of goods and services                 1,889 4,003 5,158
Debtor-in-Possession | Oil, Natural gas and NGL and Marketing                      
REVENUES AND OTHER:                      
Total revenues                 5,203 8,475 10,212
Debtor-in-Possession | Other                      
REVENUES AND OTHER:                      
Total revenues                 56 63 63
Debtor-in-Possession | Exploration                      
OPERATING EXPENSES:                      
Cost of goods and services                 $ 427 $ 84 $ 162