Disposals and Discontinued Operations

12 Months Ended

Dec. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

DISCONTINUED OPERATIONS

Sale of Unconventional Gas Production Business

In December 2012, the Company sold its 100% equity interest in its Unconventional Gas Production business which consisted of gas and oil production assets in the western Barnett and Marble Falls shale areas of Texas. The properties in the sale included all of the reserves on approximately 88,000 net acres near Dallas, Texas. The sale resulted in gross proceeds of approximately $255 million, which resulted in a pre-tax loss of approximately $83 million ($55 million after tax). The sale price is subject to customary purchase price adjustments that will be recognized in the first half of 2013.

The activity of the discontinued Unconventional Gas Production business is shown below. The amounts exclude general corporate overhead costs, and related tax effects, and no portion of corporate interest costs were allocated to discontinued operations.

	Year Ended December 31
	2012			2011			2010
				(In millions)
Operating Revenues	$	55		$	39		$	32
Operation and Maintenance	24			16			11
Depreciation, Depletion and Amortization	23			18			15
Taxes Other than Income	4			3			2
Asset (Gains) and Losses, Net	83			—			10
	134			37			38
Operating Income	(79		)	2			(6		)
Other (Income) and Deductions	6			6			6
Loss Before Income Taxes	(85		)	(4		)	(12		)
Income Tax Benefit	(29		)	(1		)	(4		)
Net Loss	$	(56	)	$	(3	)	$	(8	)