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Drilling and Completion Costs Associated to Joint Ventures (Detail) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Business Acquisition [Line Items]  
Cash Proceeds Received at Closing $ 7,100
Total Drilling Carries 9,036
Total Cash and Drilling Carry Proceeds 16,136
Drilling Carries Remaining 1,870 [1]
Utica
 
Business Acquisition [Line Items]  
Joint Venture Partner TOT [2]
Joint Venture Date December 2011
Interest Sold 25.00%
Cash Proceeds Received at Closing 610
Total Drilling Carries 1,422
Total Cash and Drilling Carry Proceeds 2,032
Drilling Carries Remaining 1,351 [1]
Niobrara
 
Business Acquisition [Line Items]  
Joint Venture Partner CNOOC [2]
Joint Venture Date February 2011
Interest Sold 33.30%
Cash Proceeds Received at Closing 570
Total Drilling Carries 697
Total Cash and Drilling Carry Proceeds 1,267
Drilling Carries Remaining 519 [1]
Eagle Ford
 
Business Acquisition [Line Items]  
Joint Venture Partner CNOOC [2]
Joint Venture Date November 2010
Interest Sold 33.30%
Cash Proceeds Received at Closing 1,120
Total Drilling Carries 1,080
Total Cash and Drilling Carry Proceeds 2,200
Barnett Shale
 
Business Acquisition [Line Items]  
Joint Venture Partner TOT [2]
Joint Venture Date January 2010
Interest Sold 25.00%
Cash Proceeds Received at Closing 800
Total Drilling Carries 1,404 [3]
Total Cash and Drilling Carry Proceeds 2,204
Marcellus
 
Business Acquisition [Line Items]  
Joint Venture Partner STO [2]
Joint Venture Date November 2008
Interest Sold 32.50%
Cash Proceeds Received at Closing 1,250
Total Drilling Carries 2,125
Total Cash and Drilling Carry Proceeds 3,375
Fayetteville
 
Business Acquisition [Line Items]  
Joint Venture Partner BP [2]
Joint Venture Date September 2008
Interest Sold 25.00%
Cash Proceeds Received at Closing 1,100
Total Drilling Carries 800
Total Cash and Drilling Carry Proceeds 1,900
Haynesville & Bossier
 
Business Acquisition [Line Items]  
Joint Venture Partner PXP [2]
Joint Venture Date July 2008
Interest Sold 20.00%
Cash Proceeds Received at Closing 1,650
Total Drilling Carries 1,508 [4]
Total Cash and Drilling Carry Proceeds $ 3,158
[1] As of June 30, 2012. The Utica drilling carries cover 60% of our drilling and completion costs for Utica wells drilled and must be used by December 2018. The Niobrara drilling carries cover 67% of our drilling and completion costs for Niobrara wells drilled and must be used by December 2014. We expect to fully utilize these drilling carry commitments prior to expiration. See Note 4 for further discussion of the Utica drilling carries.
[2] Joint venture partners include Total S.A. (TOT), CNOOC Limited (CNOOC), Statoil (STO), BP America (BP) and Plains Exploration & Production Company (PXP).
[3] In conjunction with an agreement requiring us to maintain our operated rig count at no less than 12 rigs in the Barnett Shale through December 31, 2012, TOT accelerated the payment of its remaining joint venture drilling carry in exchange for an approximate 9% reduction in the total amount of drilling carry obligation owed to us at that time. As a result, in October 2011, we received $471 million in cash from TOT, which included $46 million of drilling carry obligation billed and $425 million for the remaining drilling carry obligation. In January 2012, Chesapeake and TOT agreed to reduce the minimum rig count from 12 to six rigs. In May 2012, Chesapeake and TOT agreed to further reduce the minimum rig count from six to two rigs.
[4] In September 2009, PXP accelerated the payment of its remaining drilling carry in exchange for an approximate 12% reduction to the remaining drilling carry obligation owed to us at that time.