XML 21 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Oil, gas and NGL revenues $ 417 $ 284
Operating expenses:    
Lease operating 56 61
Transportation and processing 72 63
Production and other taxes 14 10
Depreciation, depletion and amortization 106 177
General and administrative 47 44
Ceiling test and other impairments 0 506
Other 1 1
Total operating expenses 296 862
Income (loss) from operations 121 (578)
Other income (expense):    
Interest expense (38) (41)
Capitalized interest 16 9
Commodity derivative income (expense) (53) 17
Other, net 2 1
Total other income (expense) 33 (48)
Income (loss) before income taxes 154 (626)
Income tax provision (benefit):    
Current (2) (2)
Deferred 9 0
Total income tax provision (benefit) 7 (2)
Net income (loss) $ 147 $ (624)
Earnings Per Share [Abstract]    
Basic $ 0.74 $ (3.52)
Diluted $ 0.73 $ (3.52)
Weighted-average number of shares outstanding for basic earnings (loss) per share 199 177
Weighted-average number of shares outstanding for diluted earnings (loss) per share 200 177
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent $ 0 $ 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 147 $ (624)