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Chesapeake Energy Corp – ‘10-Q’ for 3/31/12 – ‘EX-101.INS’

On:  Friday, 5/11/12, at 3:14pm ET   ·   For:  3/31/12   ·   Accession #:  1193125-12-228139   ·   File #:  1-13726

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/11/12  Chesapeake Energy Corp            10-Q        3/31/12   94:15M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.34M 
 2: EX-12       Ratios of Earnings                                  HTML     67K 
 3: EX-31.1     Chief Executive Officer Certification Pursuant to   HTML     36K 
                Section 302                                                      
 4: EX-31.2     Chief Financial Officer Certification Pursuant to   HTML     37K 
                Section 302                                                      
 5: EX-32.1     Chief Executive Officer Certification Pursuant to   HTML     31K 
                Section 906                                                      
 6: EX-32.2     Chief Financial Officer Certification Pursuant to   HTML     32K 
                Section 906                                                      
65: R1          Document And Entity Information                     HTML     51K 
51: R2          Condensed Consolidated Balance Sheets               HTML    200K 
63: R3          Condensed Consolidated Balance Sheets               HTML     92K 
                (Parenthetical)                                                  
67: R4          Condensed Consolidated Statements Of Operations     HTML    155K 
86: R5          Condensed Consolidated Statements Of Comprehensive  HTML     80K 
                Income (Loss)                                                    
53: R6          Condensed Consolidated Statements Of Comprehensive  HTML     43K 
                Income (Loss) (Parenthetical)                                    
62: R7          Condensed Consolidated Statements Of Cash Flows     HTML    178K 
46: R8          Condensed Consolidated Statements Of Cash Flows     HTML     37K 
                (Parenthetical)                                                  
36: R9          Condensed Consolidated Statements Of Stockholders'  HTML    107K 
                Equity                                                           
87: R10         Condensed Consolidated Statements Of Stockholders'  HTML     36K 
                Equity (Parenthetical)                                           
69: R11         Basis Of Presentation And Summary Of Significant    HTML     36K 
                Accounting Policies                                              
68: R12         Net Income Per Share                                HTML     51K 
74: R13         Debt                                                HTML     93K 
75: R14         Contingencies And Commitments                       HTML     78K 
72: R15         Other Long-Term Liabilities                         HTML     44K 
76: R16         Stockholders' Equity, Restricted Stock, Stock       HTML    107K 
                Options And Noncontrolling Interests                             
64: R17         Derivative And Hedging Activities                   HTML    167K 
66: R18         Acquisitions And Divestitures                       HTML     89K 
71: R19         Investments                                         HTML     68K 
94: R20         Variable Interest Entities                          HTML     43K 
82: R21         Fair Value Measurements                             HTML    140K 
57: R22         Segment Information                                 HTML     74K 
70: R23         Condensed Consolidating Financial Information       HTML    354K 
59: R24         Recently Issued And Proposed Accounting Standards   HTML     40K 
27: R25         Subsequent Events                                   HTML     32K 
83: R26         Basis Of Presentation And Summary Of Significant    HTML     51K 
                Accounting Policies (Policy)                                     
90: R27         Net Income Per Share (Tables)                       HTML     48K 
41: R28         Debt (Tables)                                       HTML     73K 
40: R29         Contingencies And Commitments (Tables)              HTML     36K 
44: R30         Other Long-Term Liabilities (Tables)                HTML     44K 
45: R31         Stockholders' Equity, Restricted Stock, Stock       HTML     72K 
                Options And Noncontrolling Interests (Tables)                    
47: R32         Derivative And Hedging Activities (Tables)          HTML    150K 
20: R33         Acquisitions And Divestitures (Tables)              HTML     85K 
80: R34         Investments (Tables)                                HTML     49K 
55: R35         Fair Value Measurements (Tables)                    HTML    137K 
58: R36         Segment Information (Tables)                        HTML     66K 
31: R37         Condensed Consolidating Financial Information       HTML    352K 
                (Tables)                                                         
93: R38         Basis Of Presentation And Summary Of Significant    HTML     37K 
                Accounting Policies (Narrative) (Details)                        
13: R39         Net Income Per Share (Narrative) (Details)          HTML     50K 
48: R40         Net Income Per Share (Schedule Of Antidilutive      HTML     47K 
                Securities Excluded From Computation Of Earnings                 
                Per Share) (Details)                                             
85: R41         Debt (Narrative) (Details)                          HTML    146K 
29: R42         Debt (Long-Term Debt) (Details)                     HTML     83K 
39: R43         Debt (Long-Term Debt) (Parenthetical) (Details)     HTML     56K 
43: R44         Debt (Bank Credit Facilities) (Details)             HTML     51K 
52: R45         Contingencies And Commitments (Narrative)           HTML    157K 
                (Details)                                                        
19: R46         Contingencies And Commitments (Schedule Of          HTML     41K 
                Aggregate Undiscounted Commitments On Gathering,                 
                Processing And Transportation Agreements)                        
                (Details)                                                        
35: R47         Other Long-Term Liabilities (Schedule Of Other      HTML     74K 
                Long-Term Liabilities) (Details)                                 
15: R48         Stockholders' Equity, Restricted Stock, Stock       HTML    258K 
                Options And Noncontrolling Interests (Narrative)                 
                (Details)                                                        
84: R49         Stockholders' Equity, Restricted Stock, Stock       HTML     41K 
                Options And Noncontrolling Interests (Changes In                 
                Common Stock) (Details)                                          
28: R50         Stockholders' Equity, Restricted Stock, Stock       HTML     37K 
                Options And Noncontrolling Interests (Changes In                 
                Preferred Stock) (Details)                                       
81: R51         Stockholders' Equity, Restricted Stock, Stock       HTML     45K 
                Options And Noncontrolling Interests (Stock-Based                
                Compensation) (Details)                                          
32: R52         Stockholders' Equity, Restricted Stock, Stock       HTML     60K 
                Options And Noncontrolling Interests (Summary Of                 
                The Status Of The Unvested Shares Of Restricted                  
                Stock) (Details)                                                 
49: R53         Stockholders' Equity, Restricted Stock, Stock       HTML     62K 
                Options And Noncontrolling Interests (Information                
                Related To Stock Option Activity) (Details)                      
14: R54         Derivative And Hedging Activities (Narrative)       HTML    108K 
                (Details)                                                        
17: R55         Derivative And Hedging Activities (Oil And Gas      HTML     48K 
                Production/Processing Derivative Activities                      
                Disclosure) (Details)                                            
42: R56         Derivative And Hedging Activities (Components Of    HTML     41K 
                Natural Gas And Oil Sales) (Details)                             
23: R57         Derivative And Hedging Activities (Interest Rate    HTML     37K 
                Derivatives Outstanding) (Details)                               
88: R58         Derivative And Hedging Activities (Interest Income  HTML     48K 
                And Interest Expense Disclosure) (Details)                       
54: R59         Derivative And Hedging Activities (Schedule Of      HTML     52K 
                Derivative Instruments In Condensed Consolidated                 
                Balance Sheets) (Details)                                        
73: R60         Derivative And Hedging Activities (Schedule Of      HTML     36K 
                Derivative Instruments, Gain (Loss) In Statement                 
                Of Financial Performance) (Details)                              
34: R61         Derivative And Hedging Activities (Reconciliation   HTML     43K 
                Of Components Of Accumulated Other Comprehensive                 
                Income (Loss)) (Details)                                         
37: R62         Derivative And Hedging Activities (Schedule Of      HTML     51K 
                Cash Flow Hedge Instruments, Gain (Loss) In                      
                Statement Of Financial Performance) (Details)                    
79: R63         Derivative And Hedging Activities (Derivatives Not  HTML     38K 
                Designated As Hedging Instruments Disclosure)                    
                (Details)                                                        
77: R64         Acquisitions And Divestitures (Narrative)           HTML     58K 
                (Details)                                                        
56: R65         Acquisitions And Divestitures (Drilling And         HTML     68K 
                Completion Costs Associated To Joint Ventures)                   
                (Details)                                                        
78: R66         Acquisitions And Divestitures (Schedule Of          HTML     44K 
                Production Payments) (Details)                                   
33: R67         Investments (Narrative) (Details)                   HTML    138K 
61: R68         Investments (Schedule Of Investments) (Details)     HTML     63K 
89: R69         Variable Interest Entities (Details)                HTML     65K 
16: R70         Fair Value Measurements (Fair Value Of Assets And   HTML     75K 
                Liabilities Measured On A Recurring Basis)                       
                (Details)                                                        
26: R71         Fair Value Measurements (Fair Value, Assets And     HTML     58K 
                Liabilities, Unobservable Input Reconciliation)                  
                (Details)                                                        
50: R72         Fair Value Measurements (Quantitative Disclosures   HTML     58K 
                About Unobservable Inputs For Level 3 Fair Value                 
                Measurements) (Details)                                          
22: R73         Fair Value Measurements (Fair Value, By Balance     HTML     34K 
                Sheet Grouping) (Details)                                        
92: R74         Segment Information (Narrative) (Details)           HTML     33K 
30: R75         Segment Information (Schedule Of Segment Reporting  HTML     55K 
                Information, By Segment) (Details)                               
24: R76         Condensed Consolidating Financial Information       HTML    152K 
                (Condensed Consolidating Balance Sheet) (Details)                
25: R77         Condensed Consolidating Financial Information       HTML    151K 
                (Condensed Consolidating Statement Of Operations)                
                (Details)                                                        
18: R78         Condensed Consolidating Financial Information       HTML    111K 
                (Condensed Consolidating Statements Of Cash Flows)               
                (Details)                                                        
21: R79         Subsequent Events (Details)                         HTML     36K 
91: XML         IDEA XML File -- Filing Summary                      XML    154K 
38: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   2.63M 
 7: EX-101.INS  XBRL Instance -- chk-20120331                        XML   3.92M 
 9: EX-101.CAL  XBRL Calculations -- chk-20120331_cal                XML    217K 
10: EX-101.DEF  XBRL Definitions -- chk-20120331_def                 XML   1.03M 
11: EX-101.LAB  XBRL Labels -- chk-20120331_lab                      XML   2.07M 
12: EX-101.PRE  XBRL Presentations -- chk-20120331_pre               XML   1.56M 
 8: EX-101.SCH  XBRL Schema -- chk-20120331                          XSD    353K 
60: ZIP         XBRL Zipped Folder -- 0001193125-12-228139-xbrl      Zip    296K

‘EX-101.INS’   —   XBRL Instance — chk-20120331

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>8.</b></font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Acquisitions and Divestitures </b></font></td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Fayetteville Shale Asset Sale </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In March 2011, we sold all of our Fayetteville Shale assets in central Arkansas to BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited (NYSE:BHP; ASX:BHP), for net proceeds of approximately $<font class="_mt">4.65</font> billion in cash. The properties sold consisted of approximately <font class="_mt">487,000</font> net acres of leasehold, net production at closing of approximately <font class="_mt">415</font> million cubic feet of natural gas equivalent per day and midstream assets consisting of approximately <font class="_mt">420</font> miles of pipeline. Of the total proceeds received, $<font class="_mt">350</font> million was allocated to our Fayetteville Shale midstream assets and a $<font class="_mt">7</font> million gain was recorded for the divestiture of those assets. The remainder of the proceeds was allocated to our Fayetteville Shale natural gas and oil properties. Under full cost accounting rules, we accounted for the sale of our Fayetteville Shale natural gas and oil properties as an adjustment to capitalized costs, with no recognition of gain or loss. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Joint Ventures </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As of March 31, 2012, we had entered into seven significant joint ventures with other leading energy companies pursuant to which we sold a portion of our leasehold, producing properties and other assets located in seven different resource plays and received cash of $<font class="_mt">7.1</font> billion and commitments for future drilling and completion cost sharing totaling $<font class="_mt">9.0</font> billion. In each of these joint ventures, Chesapeake serves as the operator and conducts all leasing, drilling, completion, operations and marketing activities for the project. These transactions have allowed us to recover much or all of our initial leasehold investments and reduce our ongoing capital costs in these plays. For accounting purposes, initial cash proceeds from these joint venture transactions were reflected as a reduction of natural gas and oil properties with no gain or loss recognized. The transactions are detailed below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="19%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td width="15%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Primary</b></font></p> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Play</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Joint</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Venture<br />    Partner<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2">    </font></b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Joint</b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Venture</b></font></p> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>        Date        </b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Interest</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>         Sold        </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Cash</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Proceeds</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Received</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>at Closing</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Drilling</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>    Carries    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total Cash<br />and Drilling<br />Carry<br />Proceeds</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Drilling</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carries</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Remaining<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Utica</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">TOT</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">December 2011</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">25.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">610</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,422</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,032</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,372</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Niobrara</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">CNOOC</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">February 2011</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">33.3%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">570</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">697</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,267</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">544</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Eagle Ford</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    & Pearsall</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">CNOOC</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">November 2010</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">33.3%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,120</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,080</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,200</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Barnett</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">TOT</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">January 2010</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">25.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">800</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,404</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,204</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marcellus</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">STO</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">November 2008</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">32.5%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,250</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,125</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,375</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Fayetteville</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">BP</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">September 2008</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">25.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">800</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,900</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Haynesville</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    & Bossier</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">PXP</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">July 2008</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">20.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,650</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,508</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,158</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9,036</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,136</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,916</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 26%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Joint venture partners include Total S.A. (TOT), CNOOC Limited (CNOOC), Statoil (STO), BP America (BP) and Plains Exploration & Production Company (PXP). </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As of March 31, 2012. The Utica carry must be used by January 2018 and the Niobrara carry must be used by December 2014. We expect to fully utilize these drilling carry commitments prior to expiration. See Note 4 for further discussion. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In conjunction with an agreement requiring us to maintain our operated rig count at no less than <font class="_mt">12</font> 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 <font class="_mt">9</font>% reduction in the total amount of drilling carry obligation owed to us at that time. As a result, in October 2011, we received $<font class="_mt">471</font> million in cash from TOT, which included $<font class="_mt">46</font> million of carry obligation billed and $<font class="_mt">425</font> million for the remaining carry obligation. In January 2012, Chesapeake and TOT agreed to reduce the minimum rig count from 12 to <font class="_mt">six</font> rigs. In May 2012, Chesapeake and TOT agreed to reduce the minimum rig count from six to <font class="_mt">two</font> rigs. </font></p></td></tr></table> <p style="margin-top: 6px; margin-bottom: 0px; font-size: 1px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In September 2009, PXP accelerated the payment of its remaining carry in exchange for an approximate <font class="_mt">12</font>% reduction to the remaining drilling carry obligation owed to us at that time. </font></p></td></tr></table></div> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Current Quarter and the Prior Quarter, our drilling and completion costs included the benefit of approximately $<font class="_mt">448</font> million and $<font class="_mt">527</font> million, respectively, in drilling and completion carries paid by our joint venture partners, CNOOC, TOT and STO. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Current Quarter, as part of our joint venture agreement with TOT, we sold interests in additional leasehold in the Barnett and Utica shale plays to TOT for approximately $<font class="_mt">18</font> million. In the Prior Quarter, as part of our joint venture agreements with CNOOC, TOT, STO and PXP, we sold interests in additional leasehold in the Eagle Ford and Pearsall, Barnett, Marcellus and Haynesville and Bossier shale plays to our joint venture partners for approximately $<font class="_mt">224</font> million. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Volumetric Production Payments </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">From time to time, we have monetized certain of our producing assets which are located in more mature producing regions through the sale of volumetric production payments (VPPs). A VPP is a limited-term overriding royalty interest in natural gas and oil reserves that (i) entitles the purchaser to receive scheduled production volumes over a period of time from specific lease interests; (ii) is free and clear of all associated future production costs and capital expenditures; (iii) is nonrecourse to the seller (i.e., the purchaser's only recourse is to the reserves acquired); (iv) transfers title of the reserves to the purchaser; and (v) allows the seller to retain the remaining reserves, if any, after the scheduled production volumes have been delivered. We retain drilling rights on the properties below currently producing intervals and outside of producing well bores. We also retain all production beyond the specified volumes sold in the transaction. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We have completed the following VPP transactions since 2007: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="19%"> </td> <td valign="bottom" width="10%"> </td> <td width="16%"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 32pt;"> </td> <td> </td> <td> </td> <td style="width: 32pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 78pt;"> </td> <td> </td> <td> </td> <td style="width: 78pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 28pt;"> </td> <td> </td> <td> </td> <td style="width: 28pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 22pt;"> </td> <td> </td> <td> </td> <td style="width: 22pt;"> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Date of VPP</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Division</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Proceeds</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Proved Reserves<br />(at time of sale)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    $ / mcfe    </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Original</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>    Term     </b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(bcfe)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(years)</b></font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">March 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Anadarko Basin     Granite Wash</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">        $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">744</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">            160</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.68</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">May 2011</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Mid-Continent</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">853</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.82</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">September 2010</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Barnett Shale</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,150</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">390</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2.93</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">June 2010</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Permian Basin</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">335</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8.73</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">February 2010</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">East Texas and</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    Texas Gulf Coast</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">180</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3.95</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">August 2009</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">South Texas</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">370</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">68</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5.46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7.5    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">December 2008</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Anadarko and</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    Arkoma Basins</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">412</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">98</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.19</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">August 2008</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Anadarko Basin</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">600</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">93</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6.38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">11    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">May 2008</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Texas, Oklahoma</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    and Kansas</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">622</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">94</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6.53</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">11    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">December 2007</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Kentucky and</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    West Virginia</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">208</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5.29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,366</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,372</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.64</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">For accounting purposes, cash proceeds from these transactions were reflected as a reduction of natural gas and oil properties with no gain or loss recognized, and our proved reserves were reduced accordingly. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> </div>
</chk:AcquisitionsAndDivestituresDisclosureTextBlock>
<chk:AdditionalAssetsPipelineLength contextRef="As_Of_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleShaleMember" decimals="0" unitRef="Unit13"> 420 </chk:AdditionalAssetsPipelineLength>
<chk:AdjustmentsToAdditionalPaidInCapitalRepurchaseOfConvertibleNotes contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-6" unitRef="Unit1"> -21000000 </chk:AdjustmentsToAdditionalPaidInCapitalRepurchaseOfConvertibleNotes>
<chk:AmountAllocatedToOverridingRoyaltyInterest contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="-6" unitRef="Unit1"> 225000000 </chk:AmountAllocatedToOverridingRoyaltyInterest>
<chk:AmountAllocatedToOverridingRoyaltyInterest contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-6" unitRef="Unit1"> 300000000 </chk:AmountAllocatedToOverridingRoyaltyInterest>
<chk:AmountOfAggregatePrincipalAllowedToBeRedeemedInConnectionWithCertainEquityOfferingsPercent contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="2" unitRef="Unit13"> 0.35 </chk:AmountOfAggregatePrincipalAllowedToBeRedeemedInConnectionWithCertainEquityOfferingsPercent>
<chk:AmountOfExcessCashDistributedToThirdPartyInvestorsPercentage contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 1.00 </chk:AmountOfExcessCashDistributedToThirdPartyInvestorsPercentage>
<chk:AmountPayableOnEachShortOfDrillingCommitment contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-6" unitRef="Unit1"> 5000000 </chk:AmountPayableOnEachShortOfDrillingCommitment>
<chk:AmountReservedForPayingDividends contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-6" unitRef="Unit1"> 44000000 </chk:AmountReservedForPayingDividends>
<chk:AttorneyFeesAndExpensesToPlaintiffsCounsel contextRef="Duration_1_1_2012_To_3_31_2012" decimals="0" unitRef="Unit1"> 3750000 </chk:AttorneyFeesAndExpensesToPlaintiffsCounsel>
<chk:BankCreditFacilitiesTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="58%"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 93pt;"> </td> <td> </td> <td> </td> <td style="width: 93pt;"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 90pt;"> </td> <td> </td> <td> </td> <td style="width: 90pt;"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 129pt;"> </td> <td> </td> <td> </td> <td style="width: 129pt;"> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Corporate<br />Credit<br />Facility<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font> </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Midstream<br />Credit<br />Facility<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Oilfield<br />Services<br />Credit<br />Facility<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font> </b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Facility structure</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Senior secured<br />revolving</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Senior secured<br />revolving</font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Senior secured<br />revolving</font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Maturity date</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">December 2015</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">June 2016</font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">November 2016</font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Borrowing capacity</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$     4,000</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$        600</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$        500</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(e)</sup></font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Amount outstanding as of March 31, 2012</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$     2,462</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          258</font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          172</font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Letters of credit outstanding as of March 31, 2012</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          25</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          —  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          —  </font> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Borrower is Chesapeake Exploration, L.L.C.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Borrower is Chesapeake Midstream Operating, L.L.C.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Borrower is Chesapeake Oilfield Operating, L.L.C.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We estimate the capacity was limited to approximately $<font class="_mt">370</font> million as of March 31, 2012 by certain restrictive provisions.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(e)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We estimate the capacity was limited to approximately $<font class="_mt">450</font> million as of March 31, 2012 by certain restrictive provisions.</font> </p></td></tr></table></div> </div>
</chk:BankCreditFacilitiesTableTextBlock>
<chk:BilledObligations contextRef="As_Of_10_31_2011" decimals="-6" unitRef="Unit1"> 46000000 </chk:BilledObligations>
<chk:CashDistributionByTrustAttributableToParent contextRef="Duration_2_28_2012_To_3_1_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="-6" unitRef="Unit1"> 17000000 </chk:CashDistributionByTrustAttributableToParent>
<chk:CashDistributionDeclaredByTrust contextRef="As_Of_2_8_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="-6" unitRef="Unit1"> 34000000 </chk:CashDistributionDeclaredByTrust>
<chk:CashDistributionDeclaredByTrustPerUnit contextRef="As_Of_2_8_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="2" unitRef="Unit13"> 0.73 </chk:CashDistributionDeclaredByTrustPerUnit>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 7100000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" decimals="-6" unitRef="Unit1"> 800000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_EagleFordAndPearsallMember" decimals="-6" unitRef="Unit1"> 1120000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleJointVentureMember" decimals="-6" unitRef="Unit1"> 1100000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_HaynesvilleAndBossierMember" decimals="-6" unitRef="Unit1"> 1650000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarcellusJointVentureMember" decimals="-6" unitRef="Unit1"> 1250000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_NiobraraMember" decimals="-6" unitRef="Unit1"> 570000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashProceedsReceivedAtClosing contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_UticaMember" decimals="-6" unitRef="Unit1"> 610000000 </chk:CashProceedsReceivedAtClosing>
<chk:CashReceivedOnSaleOfLeaseholdPropertiesAndOtherAssets contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-8" unitRef="Unit1"> 7100000000 </chk:CashReceivedOnSaleOfLeaseholdPropertiesAndOtherAssets>
<chk:ChangesInCommonStockTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="84%"> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares issued at January 1</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660,888</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">655,251</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Restricted stock issuances (net of forfeitures)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,184</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,587</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Stock option exercises</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares issued at March 31</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">664,181</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">659,020</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:ChangesInCommonStockTableTextBlock>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 425000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> 60000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -9000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 374000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -72000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> 195000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -231000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -36000000 </chk:ConsolidatingReportingPaymentsForProceedsFromOtherInvestingActivities>
<chk:ContributionsByThirdPartyInvestors contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="-7" unitRef="Unit1"> 1250000000 </chk:ContributionsByThirdPartyInvestors>
<chk:ContributionsByThirdPartyInvestors contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-7" unitRef="Unit1"> 1250000000 </chk:ContributionsByThirdPartyInvestors>
<chk:ConveyanceObligationNoncurrent contextRef="As_Of_12_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_ChkUticaMember" decimals="-6" id="Item-0124" unitRef="Unit1"> 290000000 </chk:ConveyanceObligationNoncurrent>
<chk:ConveyanceObligationNoncurrent contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_ChkCTMember" decimals="-6" id="Item-0125" unitRef="Unit1"> 185000000 </chk:ConveyanceObligationNoncurrent>
<chk:ConveyanceObligationNoncurrent contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_ChkUticaMember" decimals="-6" id="Item-0123" unitRef="Unit1"> 290000000 </chk:ConveyanceObligationNoncurrent>
<chk:CostMethodInvestmentOwnershipPercentage contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" unitRef="Unit13" xsi:nil="true"/>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 77000000 </chk:CostOfOilAndGasServices>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -105000000 </chk:CostOfOilAndGasServices>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 182000000 </chk:CostOfOilAndGasServices>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 96000000 </chk:CostOfOilAndGasServices>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -258000000 </chk:CostOfOilAndGasServices>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1000000 </chk:CostOfOilAndGasServices>
<chk:CostOfOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 353000000 </chk:CostOfOilAndGasServices>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 2826000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -257000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0057" unitRef="Unit1"> 2664000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 418000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0056" unitRef="Unit1"> 1000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 3486000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -428000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 3272000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 640000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentAssetsExcludingCashAndCashEquivalents contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 2000000 </chk:CurrentAssetsExcludingCashAndCashEquivalents>
<chk:CurrentFundingAmountOfInvestment contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_RanchWestexMember" decimals="-6" unitRef="Unit1"> 13000000 </chk:CurrentFundingAmountOfInvestment>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 7082000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -258000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0073" unitRef="Unit1"> 6509000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 543000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0072" unitRef="Unit1"> 288000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 6664000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -422000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 6209000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 652000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 225000000 </chk:CurrentLiabilitiesBeforeIntercompanyPayablesReceivablesFromParent>
<chk:CurrentNetProductionMmcfePerDay contextRef="Duration_4_1_2012_To_4_30_2012" decimals="0" unitRef="Unit13"> 25 </chk:CurrentNetProductionMmcfePerDay>
<chk:CurrentNetProductionUnits contextRef="As_Of_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleShaleMember" decimals="0" unitRef="Unit14"> 415 </chk:CurrentNetProductionUnits>
<chk:DebtInstrumentConversionTriggerStockPriceThreshold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtySevenMember" decimals="2" unitRef="Unit1"> 64.16 </chk:DebtInstrumentConversionTriggerStockPriceThreshold>
<chk:DebtInstrumentConversionTriggerStockPriceThreshold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember" decimals="2" unitRef="Unit1"> 48.51 </chk:DebtInstrumentConversionTriggerStockPriceThreshold>
<chk:DebtInstrumentConversionTriggerStockPriceThreshold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="2" unitRef="Unit1"> 107.27 </chk:DebtInstrumentConversionTriggerStockPriceThreshold>
<chk:DebtInstrumentConvertibleOptionalRepurchaseDates contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtySevenMember"> May 15, 2017, 2022, 2027, 2032 </chk:DebtInstrumentConvertibleOptionalRepurchaseDates>
<chk:DebtInstrumentConvertibleOptionalRepurchaseDates contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember"> November 15, 2015, 2020, 2025, 2030 </chk:DebtInstrumentConvertibleOptionalRepurchaseDates>
<chk:DebtInstrumentConvertibleOptionalRepurchaseDates contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember"> December 15, 2018, 2023, 2028, 2033 </chk:DebtInstrumentConvertibleOptionalRepurchaseDates>
<chk:DebtInstrumentInterestRatePercentageAboveEffectiveRate contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_BankOfAmericaNMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="4" unitRef="Unit13"> 0.0050 </chk:DebtInstrumentInterestRatePercentageAboveEffectiveRate>
<chk:DebtInstrumentInterestRatePercentageAboveEffectiveRate contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_UnionBankNMember_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0050 </chk:DebtInstrumentInterestRatePercentageAboveEffectiveRate>
<chk:DebtInstrumentInterestRatePercentageAboveEffectiveRate contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_WellsFargoBankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0050 </chk:DebtInstrumentInterestRatePercentageAboveEffectiveRate>
<chk:DebtInstrumentInterestRatePercentageAboveLiborRate contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_BankOfAmericaNMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="4" unitRef="Unit13"> 0.0100 </chk:DebtInstrumentInterestRatePercentageAboveLiborRate>
<chk:DebtInstrumentInterestRatePercentageAboveLiborRate contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_WellsFargoBankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0100 </chk:DebtInstrumentInterestRatePercentageAboveLiborRate>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_NinePointFivePercentSeniorNotesDueTwoThousandFifteenMember"> 2015 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SevenPointSixTwoFivePercentSeniorNotesDueTwoThousandThirteenMember"> 2013 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SevenPointTwoFivePercentSeniorNotesDueTwoThousandEighteenMember"> 2018 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointEightSevenFivePercentSeniorNotesDueTwoThousandEighteenMember"> 2018 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointEightSevenFivePercentSeniorNotesDueTwoThousandTwentyMember"> 2020 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointFivePercentSeniorNotesDueTwoThousandSeventeenMember"> 2017 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointOneTwoFivePercentSeniorNotesDueTwoThousandTwentyOneMember"> 2021 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSevenSevenFivePercentSeniorNotesDueTwoThousandNineteenMember"> 2019 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember"> 2019 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandTwentyMember"> 2020 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember"> 2017 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtySevenMember"> 2037 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember"> 2035 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentMaturityPeriod contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember"> 2038 </chk:DebtInstrumentMaturityPeriod>
<chk:DebtInstrumentReclassificationOfAccumulatedOtherComprehensiveIncome contextRef="Duration_5_1_2011_To_5_31_2011_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="-6" unitRef="Unit1"> -38000000 </chk:DebtInstrumentReclassificationOfAccumulatedOtherComprehensiveIncome>
<chk:DebtOutstandingPrincipalAmount contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSevenSevenFivePercentSeniorNotesDueTwoThousandNineteenMember" decimals="-6" unitRef="Unit1"> 250000000 </chk:DebtOutstandingPrincipalAmount>
<chk:DebtOutstandingPrincipalAmount contextRef="As_Of_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="-6" unitRef="Unit1"> 50000000 </chk:DebtOutstandingPrincipalAmount>
<chk:DepreciationAdjustmentOfEquityMethodInvestmentForOurCostInExcessOfEquity contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChaparralEnergyIncMember" decimals="-6" unitRef="Unit1"> 1000000 </chk:DepreciationAdjustmentOfEquityMethodInvestmentForOurCostInExcessOfEquity>
<chk:DerivativeInstrumentMaximumEffectiveness contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 1.00 </chk:DerivativeInstrumentMaximumEffectiveness>
<chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -46000000 </chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -2000000 </chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -75000000 </chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -3000000 </chk:DerivativeInstrumentsGainsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsInterestExpenseOnHedges contextRef="Duration_1_1_2011_To_3_31_2011_chk_GainLossRecognizedInNetIncomeLossForInstrumentsDesignationAxis_chk_FairValueDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateContractMember_us-gaap_DerivativeInstrumentsGainLossByIncomeStatementLocationAxis_us-gaap_InterestExpenseMember" decimals="-6" unitRef="Unit1"> 13000000 </chk:DerivativeInstrumentsInterestExpenseOnHedges>
<chk:DerivativeInstrumentsInterestExpenseOnHedges contextRef="Duration_1_1_2012_To_3_31_2012_chk_GainLossRecognizedInNetIncomeLossForInstrumentsDesignationAxis_chk_FairValueDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateContractMember_us-gaap_DerivativeInstrumentsGainLossByIncomeStatementLocationAxis_us-gaap_InterestExpenseMember" decimals="-6" unitRef="Unit1"> 0 </chk:DerivativeInstrumentsInterestExpenseOnHedges>
<chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -1000000 </chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 4000000 </chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -2000000 </chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 6000000 </chk:DerivativeInstrumentsNetChangeInFairValueReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="As_Of_12_31_2010" decimals="-6" unitRef="Unit1"> 181000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="As_Of_3_31_2011" decimals="-6" unitRef="Unit1"> 228000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 178000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 176000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionAfterTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="As_Of_12_31_2010" decimals="-6" unitRef="Unit1"> 291000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="As_Of_3_31_2011" decimals="-6" unitRef="Unit1"> 368000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 287000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 284000000 </chk:DerivativeInstrumentsReclassifiedFromAccumulatedOciIntoStockholdersEquityEffectivePortionBeforeTax>
<chk:DerivativesNotDesignatedAsHedgingInstrumentsDisclosureTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="42%"> </td> <td valign="bottom" width="4%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom" colspan="3"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-Qualifying Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Location of Gain (Loss)                                    </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom" colspan="5"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(156</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(800</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Other income</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 5em;"><font style="font-family: ARIAL;" class="_mt" size="2">  Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(164</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(805</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:DerivativesNotDesignatedAsHedgingInstrumentsDisclosureTextBlock>
<chk:DescriptionOnInvestorsRightToReceive contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember">
<div class="MetaData"> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The CHK Utica investors' right to receive, proportionately, a <font class="_mt">3</font>% ORRI in the first <font class="_mt">1,500</font> net wells drilled on our Utica Shale leasehold is subject to an increase to <font class="_mt">4</font>% in any year following a year in which we do not meet our commitment to drill the wells subject to the ORRI obligation, which runs from 2012 through 2023. However, in no event would we deliver to investors more than a total ORRI of 3% in 1,500 net wells. If at any time we hold fewer net acres than would enable us to drill all then-remaining net wells on <font class="_mt">150</font>-acre spacing, the investors have the right to require us to repurchase their right to receive ORRIs in the remaining net wells at the then-current fair market value of such remaining net wells. We retain the right to repurchase the investors' right to receive ORRIs in the remaining net wells at the then-current fair market value of such remaining net wells once we have drilled a minimum of <font class="_mt">1,300</font> net wells. The obligation to deliver future ORRIs has been recorded as a liability which will be settled through the future conveyance of the underlying ORRIs to the investors on a net-well basis, at which time the associated liability will be reversed and the sale of the ORRIs reflected as an adjustment to the capitalized cost of our natural gas and oil properties. As of March 31, 2012 and December 31, 2011, $950 million was recorded as noncontrolling interest on our condensed consolidated balance sheets representing the third-party investment in CHK Utica. For the Current Quarter, approximately $<font class="_mt">22</font> million of income was attributable to the noncontrolling interests of CHK Utica. </font></p></div>
</chk:DescriptionOnInvestorsRightToReceive>
<chk:DistributionsFromEquityInvestments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeMidstreamPartnersLpMember" decimals="-6" unitRef="Unit1"> 27000000 </chk:DistributionsFromEquityInvestments>
<chk:DividendsDeclaredAndNotPaid contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 90000000 </chk:DividendsDeclaredAndNotPaid>
<chk:DividendsDeclaredAndNotPaid contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 99000000 </chk:DividendsDeclaredAndNotPaid>
<chk:DollarEquivalentInterestRate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember_us-gaap_DerivativeByNatureAxis_us-gaap_CrossCurrencyInterestRateContractMember" decimals="5" unitRef="Unit13"> 0.07491 </chk:DollarEquivalentInterestRate>
<chk:DrillingAndCompletionCostsAssociatedToJointVenturesTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="19%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td width="15%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Primary</b></font></p> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Play</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Joint</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Venture<br />    Partner<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2">    </font></b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Joint</b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Venture</b></font></p> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>        Date        </b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Interest</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>         Sold        </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Cash</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Proceeds</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Received</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>at Closing</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Drilling</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>    Carries    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total Cash<br />and Drilling<br />Carry<br />Proceeds</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Drilling</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carries</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Remaining<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Utica</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">TOT</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">December 2011</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">25.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">610</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,422</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,032</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,372</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Niobrara</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">CNOOC</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">February 2011</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">33.3%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">570</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">697</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,267</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">544</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Eagle Ford</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    & Pearsall</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">CNOOC</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">November 2010</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">33.3%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,120</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,080</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,200</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Barnett</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">TOT</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">January 2010</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">25.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">800</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,404</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,204</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marcellus</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">STO</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">November 2008</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">32.5%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,250</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,125</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,375</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Fayetteville</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">BP</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">September 2008</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">25.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">800</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,900</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Haynesville</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    & Bossier</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">PXP</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">July 2008</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">20.0%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,650</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,508</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,158</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9,036</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,136</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,916</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 26%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Joint venture partners include Total S.A. (TOT), CNOOC Limited (CNOOC), Statoil (STO), BP America (BP) and Plains Exploration & Production Company (PXP). </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As of March 31, 2012. The Utica carry must be used by January 2018 and the Niobrara carry must be used by December 2014. We expect to fully utilize these drilling carry commitments prior to expiration. See Note 4 for further discussion. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In conjunction with an agreement requiring us to maintain our operated rig count at no less than <font class="_mt">12</font> 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 <font class="_mt">9</font>% reduction in the total amount of drilling carry obligation owed to us at that time. As a result, in October 2011, we received $<font class="_mt">471</font> million in cash from TOT, which included $<font class="_mt">46</font> million of carry obligation billed and $<font class="_mt">425</font> million for the remaining carry obligation. In January 2012, Chesapeake and TOT agreed to reduce the minimum rig count from 12 to <font class="_mt">six</font> rigs. In May 2012, Chesapeake and TOT agreed to reduce the minimum rig count from six to <font class="_mt">two</font> rigs. </font></p></td></tr></table> <p style="margin-top: 6px; margin-bottom: 0px; font-size: 1px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In September 2009, PXP accelerated the payment of its remaining carry in exchange for an approximate <font class="_mt">12</font>% reduction to the remaining drilling carry obligation owed to us at that time. </font></p></td></tr></table></div> </div>
</chk:DrillingAndCompletionCostsAssociatedToJointVenturesTextBlock>
<chk:DrillingCarriesRemaining contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" id="Item-0149" unitRef="Unit1"> 1916000000 </chk:DrillingCarriesRemaining>
<chk:DrillingCarriesRemaining contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_NiobraraMember" decimals="-6" id="Item-0143" unitRef="Unit1"> 544000000 </chk:DrillingCarriesRemaining>
<chk:DrillingCarriesRemaining contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_UticaMember" decimals="-6" id="Item-0142" unitRef="Unit1"> 1372000000 </chk:DrillingCarriesRemaining>
<chk:DrillingCommitments contextRef="Duration_1_1_2012_To_3_31_2012">
If we fail to meet the drilling commitment at any such year end for any reason other than a force majeure event, the drilling carry percentage used to determine our promoted well reimbursement will be reduced from <font class="_mt">60</font>% to <font class="_mt">45</font>% for a number of wells drilled in the following calendar year equal to the number of wells we were short the drilling commitment.
</chk:DrillingCommitments>
<chk:DrillingPercentageCurrentAmount contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_DrillingObligationsMember" decimals="2" unitRef="Unit13"> 0.45 </chk:DrillingPercentageCurrentAmount>
<chk:DrillingPercentagePreviousAmount contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_DrillingObligationsMember" decimals="2" unitRef="Unit13"> 0.60 </chk:DrillingPercentagePreviousAmount>
<chk:DurationTerminatedQualifyingInterestRateDerivativeTransactionsWillRecoginzeGains contextRef="As_Of_3_31_2012" decimals="0" unitRef="Unit12"> 9 </chk:DurationTerminatedQualifyingInterestRateDerivativeTransactionsWillRecoginzeGains>
<chk:EarningsBeforeInterestTaxesDepreciationAndAmortizationOfMinimumCommitmentAmount contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeMidstreamDevelopmentLPMember_us-gaap_SupplyCommitmentAxis_chk_EarningsBeforeInterestTaxesDepreciationAndAmortizationMinimumCommittedAmountInTwoThousandThirteenYearMember" decimals="-6" unitRef="Unit1"> 150000000 </chk:EarningsBeforeInterestTaxesDepreciationAndAmortizationOfMinimumCommitmentAmount>
<chk:EarningsBeforeInterestTaxesDepreciationAndAmortizationOfMinimumCommitmentAmount contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeMidstreamDevelopmentLPMember_us-gaap_SupplyCommitmentAxis_chk_EarningsBeforeInterestTaxesDepreciationAndAmortizationMinimumCommittedAmountInTwoThousandTwelveYearMember" decimals="-6" unitRef="Unit1"> 100000000 </chk:EarningsBeforeInterestTaxesDepreciationAndAmortizationOfMinimumCommitmentAmount>
<chk:EquipmentSold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_CompressorMember" decimals="0" unitRef="Unit13"> 2542 </chk:EquipmentSold>
<chk:EquipmentSold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_RigMember" decimals="0" unitRef="Unit13"> 93 </chk:EquipmentSold>
<chk:EquityMethodInvestmentAdjustments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeMidstreamPartnersLpMember" decimals="-6" unitRef="Unit1"> 24000000 </chk:EquityMethodInvestmentAdjustments>
<chk:EquityMethodInvestmentAdjustments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_FracTechHoldingsLlcMember" decimals="-6" unitRef="Unit1"> 17000000 </chk:EquityMethodInvestmentAdjustments>
<chk:EquityMethodInvestmentCarryingValue contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_TwinEagleResourceManagementLlcMember" decimals="-6" unitRef="Unit1"> 6000000 </chk:EquityMethodInvestmentCarryingValue>
<chk:EquityMethodInvestmentCharge contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChaparralEnergyIncMember" decimals="-6" unitRef="Unit1"> 4000000 </chk:EquityMethodInvestmentCharge>
<chk:EquityMethodInvestmentCharge contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_TwinEagleResourceManagementLlcMember" decimals="-6" unitRef="Unit1"> 3000000 </chk:EquityMethodInvestmentCharge>
<chk:ExistingWellsWithinAreaOfMutualInterest contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_WesternOklahomaMember"> 360 </chk:ExistingWellsWithinAreaOfMutualInterest>
<chk:ExpectedProductionOfGallonsOfGasolineFromNaturalGasAndWasteCellulosic contextRef="Duration_7_1_2011_To_7_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_SundropFuelsIncMember" decimals="-6" unitRef="Unit15"> 40000000 </chk:ExpectedProductionOfGallonsOfGasolineFromNaturalGasAndWasteCellulosic>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> -1291000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_12_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 428000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_12_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel2Member" decimals="-6" unitRef="Unit1"> -65000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_12_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel3Member" decimals="-6" unitRef="Unit1"> -1654000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> -1253000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 558000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel2Member" decimals="-6" unitRef="Unit1"> -103000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis contextRef="As_Of_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel3Member" decimals="-6" unitRef="Unit1"> -1708000000 </chk:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis>
<chk:FairValueAssetsAndLiabilitiesUnobservableInputReconciliationTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="66%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Interest</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Foreign</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Commodity</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Rate</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Currency</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Debt</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Beginning Balance as of January 1, 2012</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,654</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total gains (losses) (realized/unrealized):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Included in earnings or change in net assets</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(59</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total purchases, issuances, sales and settlements:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Sales</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Settlements</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Ending Balance as of March 31, 2012</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,705</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Beginning Balance as of January 1, 2011</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,954</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(69</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,371</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total gains (losses) (realized/unrealized):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top" nowrap="nowrap"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Included in earnings or change in net assets</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(873</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total purchases, issuances, sales and settlements:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Settlements</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">44</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Transfers in and out of Level 3</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">54</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,371</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Ending Balance as of March 31, 2011</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,783</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 26%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td valign="top" align="left"> <p align="justify"> </p></td></tr></table> <div class="MetaData" align="right"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="96%"> <tr><td width="58%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Natural Gas</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Interest</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>and Oil Sales</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Expense</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total gains (losses) included in earnings<br />(or change in net assets) for the period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(59</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(873</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Change in unrealized gains (losses) relating to<br />assets still held at reporting date</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(132</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(868</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr></table></div> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The values related to interest rate and cross currency swaps were transferred from Level 3 to Level 2 as a result of our ability to use data readily available in the public market to corroborate our estimated fair values. </font></p></td></tr></table></div> </div>
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<chk:FairValueAssetsAndLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="30%"> </td> <td valign="bottom" width="8%"> </td> <td width="27%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Instrument</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Unobservable</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Type</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Input</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Range</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Average</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oil Trades</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">NYMEX oil price forward curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$ <font class="_mt">91.47</font> - $<font class="_mt">105.33</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">97.95</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    (1,410</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Oil price volatility curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">16.39</font></font>% - <font class="_mt">31.03</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">23.16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr><td valign="middle" rowspan="2"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural Gas Trades</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">NYMEX natural gas price</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    forward curve</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">2.13</font> - $<font class="_mt">5.81</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3.91</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(255</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas price volatility curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">21.40</font></font>% - <font class="_mt">53.67</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">28.27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gas Basis Swaps</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">NYMEX natural gas forward curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">1.95</font> -$<font class="_mt">5.06</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3.22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(40</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Physical pricing point</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    forward curves</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">($<font class="_mt">1.29</font>) -$<font class="_mt">0.20</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(0.22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr><td valign="top" nowrap="nowrap"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest Rate Swaptions</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Forward interest rate curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">0.41</font></font>% -<font class="_mt">3.66</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1.80</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate volatility</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">40.04</font></font>% - <font class="_mt">52.07</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">47.40</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 31%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Fair value is based on an estimate derived from option models. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Fair value is based on an estimate of discounted cash flows. </font></p></td></tr></table></div> </div>
</chk:FairValueAssetsAndLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock>
<chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 61000000 </chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets>
<chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets contextRef="As_Of_12_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 61000000 </chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets>
<chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 69000000 </chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets>
<chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets contextRef="As_Of_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 69000000 </chk:FairValueAssetsMeasuredOnRecurringBasisOtherAssets>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_ForwardInterestRateCurveMember_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember" id="Item-0032"> Forward interest rate curve </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_InterestRateVolatilityMember_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember" id="Item-0035"> Interest rate volatility </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NaturalGasPriceVolatilityCurveMember_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember" id="Item-0028"> Natural gas price volatility curve </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexNaturalGasForwardCurveMember_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember" id="Item-0046"> NYMEX natural gas forward curve </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexNaturalGasPriceForwardCurveMember_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember" id="Item-0025"> NYMEX natural gas price forward curve </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexOilPriceForwardCurveMember_us-gaap_InstrumentAxis_chk_OilTradesMember" id="Item-0019"> NYMEX oil price forward curve </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_OilPriceVolatilityCurveMember_us-gaap_InstrumentAxis_chk_OilTradesMember" id="Item-0022"> Oil price volatility curve </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueAssetsUnobservableInputDescription contextRef="As_Of_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_PhysicalPricingPointForwardCurvesMember_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember" id="Item-0049"> Physical pricing point forward curves </chk:FairValueAssetsUnobservableInputDescription>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2011_To_3_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_chk_NaturalGasAndOilSalesMember" decimals="-6" unitRef="Unit1"> -873000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2011_To_3_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_CommodityContractMember" decimals="-6" id="Item-0005" unitRef="Unit1"> -873000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2011_To_3_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_InterestExpenseMember" decimals="-6" unitRef="Unit1"> 16000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2011_To_3_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_InterestRateContractMember" decimals="-6" id="Item-0006" unitRef="Unit1"> 16000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_chk_NaturalGasAndOilSalesMember" decimals="-6" unitRef="Unit1"> -59000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_CommodityContractMember" decimals="-6" id="Item-0001" unitRef="Unit1"> -59000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_InterestExpenseMember" decimals="-6" unitRef="Unit1"> -1000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_InterestRateContractMember" decimals="-6" id="Item-0002" unitRef="Unit1"> -1000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsOrChangeInNetAssetsUnrealized>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet contextRef="As_Of_3_31_2012_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember" decimals="-6" id="Item-0048" unitRef="Unit1"> 40000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet contextRef="As_Of_3_31_2012_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember" decimals="-6" id="Item-0034" unitRef="Unit1"> 3000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet contextRef="As_Of_3_31_2012_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember" decimals="-6" id="Item-0027" unitRef="Unit1"> 255000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet>
<chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet contextRef="As_Of_3_31_2012_us-gaap_InstrumentAxis_chk_OilTradesMember" decimals="-6" id="Item-0021" unitRef="Unit1"> 1410000000 </chk:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesTransfersNet>
<chk:FairValueMethodInvestmentOwnershipPercentage contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="0" unitRef="Unit13"> 1 </chk:FairValueMethodInvestmentOwnershipPercentage>
<chk:FairValueMethodInvestmentOwnershipPercentage contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_GastarExplorationLtdMember" decimals="0" unitRef="Unit13"> 10 </chk:FairValueMethodInvestmentOwnershipPercentage>
<chk:FairValueMethodInvestments contextRef="As_Of_12_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_GastarExplorationLtdMember" decimals="-6" unitRef="Unit1"> 22000000 </chk:FairValueMethodInvestments>
<chk:FairValueMethodInvestments contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_GastarExplorationLtdMember" decimals="-6" unitRef="Unit1"> 20000000 </chk:FairValueMethodInvestments>
<chk:FairValueOfAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="53%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Quoted<br />Prices in<br />Active<br />Markets<br />    (Level 1)     </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Other<br />Observable<br />Inputs<br />  (Level 2)  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Unobservable<br />Inputs</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>(Level  3)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total<br />    Fair Value    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Financial Assets (Liabilities):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">519</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">519</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">69</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">69</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(71</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(71</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">37</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">50</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(75</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,755</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,830</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 4em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,811</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 5em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">558</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,253</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table provides fair value measurement information for financial assets (liabilities) measured at fair value on a recurring basis as of December 31, 2011: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="50%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Quoted<br />Prices in<br />Active<br />Markets<br />    (Level 1)     </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Other<br />Observable<br />Inputs<br />  (Level 2)  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Unobservable<br />Inputs<br />(Level 3)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total<br />    Fair Value    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Financial Assets (Liabilities):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">395</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">395</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">61</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">61</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,663</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,694</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 4em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(65</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,654</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 5em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">428</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(65</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,654</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,291</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table></div> </div>
</chk:FairValueOfAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock>
<chk:FinancingLeaseObligationsNoncurrent contextRef="As_Of_12_31_2011" decimals="-6" id="Item-0128" unitRef="Unit1"> 143000000 </chk:FinancingLeaseObligationsNoncurrent>
<chk:FinancingLeaseObligationsNoncurrent contextRef="As_Of_3_31_2012" decimals="-6" id="Item-0127" unitRef="Unit1"> 143000000 </chk:FinancingLeaseObligationsNoncurrent>
<chk:GainLossOnCashFlowHedgeEffectivenessTotal contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_DerivativeInstrumentsGainLossByIncomeStatementLocationAxis_chk_AociMember" decimals="-6" unitRef="Unit1"> -2000000 </chk:GainLossOnCashFlowHedgeEffectivenessTotal>
<chk:GainLossOnCashFlowHedgeEffectivenessTotal contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DerivativeInstrumentsGainLossByIncomeStatementLocationAxis_chk_AociMember" decimals="-6" unitRef="Unit1"> 6000000 </chk:GainLossOnCashFlowHedgeEffectivenessTotal>
<chk:GainLossOnCashFlowHedgeIneffectivenessTotal contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_DerivativeInstrumentsGainLossByIncomeStatementLocationAxis_chk_NaturalGasAndOilSalesMember" decimals="-6" unitRef="Unit1"> 32000000 </chk:GainLossOnCashFlowHedgeIneffectivenessTotal>
<chk:GainLossRecognizedCommodityContractsIneffectivePortion contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_DerivativeInstrumentsGainLossByIncomeStatementLocationAxis_chk_NaturalGasAndOilSalesMember" decimals="-6" unitRef="Unit1"> 10000000 </chk:GainLossRecognizedCommodityContractsIneffectivePortion>
<chk:GainsLossesOnExchangeOfDebt contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="-6" unitRef="Unit1"> 2000000 </chk:GainsLossesOnExchangeOfDebt>
<chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 5000000 </chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets>
<chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -2000000 </chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets>
<chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 7000000 </chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets>
<chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 2000000 </chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets>
<chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1000000 </chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets>
<chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1000000 </chk:GainsLossesOnSalesAndImpairmentsOfFixedAssets>
<chk:GuaranteedGrossProfitMargin contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 0.10 </chk:GuaranteedGrossProfitMargin>
<chk:IncentiveDistributionDescription contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember">
incentive distributions equal to <font class="_mt">50</font>% of the amount by which the cash available for distribution on the Trust units in any quarter exceeds the applicable incentive threshold for such quarter. The remaining <font class="_mt">50</font>% of cash available for distribution in excess of the applicable incentive threshold will be paid to Trust unitholders, including Chesapeake, on a pro rata basis.
</chk:IncentiveDistributionDescription>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -189000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0075" unitRef="Unit1"> 20283000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2045000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0074" unitRef="Unit1"> -22139000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -222000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 21298000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2180000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:IntercompanyPayableReceivableCurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -23256000000 </chk:IntercompanyPayableReceivableCurrent>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" decimals="3" unitRef="Unit13"> 0.250 </chk:InterestAcquired>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_EagleFordAndPearsallMember" decimals="3" unitRef="Unit13"> 0.333 </chk:InterestAcquired>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleJointVentureMember" decimals="3" unitRef="Unit13"> 0.250 </chk:InterestAcquired>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_HaynesvilleAndBossierMember" decimals="3" unitRef="Unit13"> 0.200 </chk:InterestAcquired>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarcellusJointVentureMember" decimals="3" unitRef="Unit13"> 0.325 </chk:InterestAcquired>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_NiobraraMember" decimals="3" unitRef="Unit13"> 0.333 </chk:InterestAcquired>
<chk:InterestAcquired contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_UticaMember" decimals="3" unitRef="Unit13"> 0.250 </chk:InterestAcquired>
<chk:InterestExpenseCreditFacilities contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 21000000 </chk:InterestExpenseCreditFacilities>
<chk:InterestExpenseCreditFacilities contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 21000000 </chk:InterestExpenseCreditFacilities>
<chk:InterestRateDerivativesDisclosureTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="68%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31, 2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31, 2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center"> <p style="border-bottom: #000000 1px solid; width: 57pt;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Notional<br />    Amount    </b></font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair<br />Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Notional<br />Amount</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair<br />Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,500</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,050</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Swaptions</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">400</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">300</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Totals</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,900</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,350</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:InterestRateDerivativesDisclosureTextBlock>
<chk:InternalReturnOnInvestmentMultiplier contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 1.35 </chk:InternalReturnOnInvestmentMultiplier>
<chk:InternalReturnOnInvestmentMultiplier contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="1" unitRef="Unit13"> 1.4 </chk:InternalReturnOnInvestmentMultiplier>
<chk:InvestmentInNewlyIssuedConvertibleNotes contextRef="As_Of_7_11_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit1"> 50000000 </chk:InvestmentInNewlyIssuedConvertibleNotes>
<chk:InvestmentInNewlyIssuedConvertibleNotes contextRef="As_Of_7_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit1"> 150000000 </chk:InvestmentInNewlyIssuedConvertibleNotes>
<chk:InvestmentInNewlyIssuedConvertibleNotes contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit1"> 50000000 </chk:InvestmentInNewlyIssuedConvertibleNotes>
<chk:InvestmentInNewlyIssuedConvertibleNotes contextRef="As_Of_6_30_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit1"> 50000000 </chk:InvestmentInNewlyIssuedConvertibleNotes>
<chk:InvestmentInNewlyIssuedConvertibleNotes contextRef="As_Of_6_30_2013_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember" decimals="-6" unitRef="Unit1"> 50000000 </chk:InvestmentInNewlyIssuedConvertibleNotes>
<chk:InvestmentInPreferredStockFirstTranche contextRef="Duration_7_1_2011_To_7_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_SundropFuelsIncMember" decimals="-6" unitRef="Unit1"> 35000000 </chk:InvestmentInPreferredStockFirstTranche>
<chk:InvestmentsInEquitySecuritiesDisclosureTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="55%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carrying Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Approximate</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>% Owned</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Accounting<br />Method</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>  March 31,  <br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake Midstream Partners, L.P.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">986</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">987</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">FTS International, Inc.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">263</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">235</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chaparral Energy, Inc.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">138</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">143</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Clean Energy Fuels Corp.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—        </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Cost</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">50</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">50</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Utica East Ohio Midstream, LLC</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">59%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Sundrop Fuels, Inc.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Twin Eagle Resource Management, LLC</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">26</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Clean Energy Fuels Corp.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Fair Value</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">12</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gastar Exploration Ltd.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Fair Value</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Ranch Westex JV, LLC</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">33%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—        </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,618</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:InvestmentsInEquitySecuritiesDisclosureTextBlock>
<chk:InvestmentTotalCommitment contextRef="As_Of_12_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_RanchWestexMember" decimals="-6" unitRef="Unit1"> 36000000 </chk:InvestmentTotalCommitment>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember"> January 2010 </chk:JointVentureDate>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_EagleFordAndPearsallMember"> November 2010 </chk:JointVentureDate>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleJointVentureMember"> September 2008 </chk:JointVentureDate>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_HaynesvilleAndBossierMember"> July 2008 </chk:JointVentureDate>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarcellusJointVentureMember"> November 2008 </chk:JointVentureDate>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_NiobraraMember"> February 2011 </chk:JointVentureDate>
<chk:JointVentureDate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_UticaMember"> December 2011 </chk:JointVentureDate>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" id="Item-0137"> TOT </chk:JointVenturePartner>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_EagleFordAndPearsallMember" id="Item-0136"> CNOOC </chk:JointVenturePartner>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleJointVentureMember" id="Item-0139"> BP </chk:JointVenturePartner>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_HaynesvilleAndBossierMember" id="Item-0140"> PXP </chk:JointVenturePartner>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarcellusJointVentureMember" id="Item-0138"> STO </chk:JointVenturePartner>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_NiobraraMember" id="Item-0135"> CNOOC </chk:JointVenturePartner>
<chk:JointVenturePartner contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_UticaMember" id="Item-0134"> TOT </chk:JointVenturePartner>
<chk:LeaseAgreementContractualTerm contextRef="Duration_1_1_2009_To_12_31_2009" decimals="0" unitRef="Unit12"> 40 </chk:LeaseAgreementContractualTerm>
<chk:LeaseholdAcreageNet contextRef="As_Of_4_30_2012" decimals="0" unitRef="Unit13"> 58400 </chk:LeaseholdAcreageNet>
<chk:LeaseholdLandHeldWithWhollyOwnedSubsidiaryOfParentCompany contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="0" unitRef="Unit13"> 245000 </chk:LeaseholdLandHeldWithWhollyOwnedSubsidiaryOfParentCompany>
<chk:LeaseholdLandHeldWithWhollyOwnedSubsidiaryOfParentCompany contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 700000 </chk:LeaseholdLandHeldWithWhollyOwnedSubsidiaryOfParentCompany>
<chk:LeaseTerm contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_SaleLeasebackTransactionDescriptionAxis_us-gaap_EquipmentMember" decimals="0" unitRef="Unit12"> 3 </chk:LeaseTerm>
<chk:LeaseTerm contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_SaleLeasebackTransactionDescriptionAxis_us-gaap_EquipmentMember" decimals="0" unitRef="Unit16"> 2 </chk:LeaseTerm>
<chk:LettersOfCreditAmountOutstanding contextRef="As_Of_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" decimals="-6" id="Item-0112" unitRef="Unit1"> 25000000 </chk:LettersOfCreditAmountOutstanding>
<chk:LineOfCreditFacilityExtendedBorrowingCapacity contextRef="As_Of_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="-6" unitRef="Unit1"> 900000000 </chk:LineOfCreditFacilityExtendedBorrowingCapacity>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_12_31_2007_us-gaap_StatementBusinessSegmentsAxis_chk_KentuckyAndWestVirginiaMember" decimals="2" unitRef="Unit13"> 5.29 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_5_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_TexasOklahomaAndKansasMember" decimals="2" unitRef="Unit13"> 6.53 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_8_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_AnadarkoBasinWoodfordShaleMember" decimals="2" unitRef="Unit13"> 6.38 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_12_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_AnadarkoAndArkomaBasinsMember" decimals="2" unitRef="Unit13"> 4.19 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_8_31_2009_us-gaap_StatementBusinessSegmentsAxis_chk_SouthTexasMember" decimals="2" unitRef="Unit13"> 5.46 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_2_28_2010_us-gaap_StatementBusinessSegmentsAxis_chk_EastTexasAndTexasGulfCoastMember" decimals="2" unitRef="Unit13"> 3.95 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_6_30_2010_us-gaap_StatementBusinessSegmentsAxis_chk_PermianBasinMember" decimals="2" unitRef="Unit13"> 8.73 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_9_30_2010_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" decimals="2" unitRef="Unit13"> 2.93 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_5_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_MidContinentJointVentureMember" decimals="2" unitRef="Unit13"> 4.82 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_3_31_2012" decimals="2" unitRef="Unit13"> 4.64 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_AndarkoBasinGraniteWashMember" decimals="2" unitRef="Unit13"> 4.68 </chk:LongLivedAssetsHeldForSaleProceedsFromSalePerUnitOfProduction>
<chk:LossIncludedInInterestExpense contextRef="Duration_5_1_2011_To_5_31_2011_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="-6" unitRef="Unit1"> -18000000 </chk:LossIncludedInInterestExpense>
<chk:LossOnRedemptionOfDebt contextRef="Duration_5_1_2011_To_5_31_2011_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="-6" unitRef="Unit1"> -20000000 </chk:LossOnRedemptionOfDebt>
<chk:MaximumAmountCapacityToBeHedgedUnderHedgeFacility contextRef="As_Of_3_31_2012_chk_DerivativesByDerivativeInstrumentContractAxis_chk_MultiCounterpartyHedgeFacilityMember" decimals="-8" unitRef="Unit1"> 17500000000 </chk:MaximumAmountCapacityToBeHedgedUnderHedgeFacility>
<chk:MaximumAmountRecoverableByTrustUnderLien contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioActualMember" decimals="-6" unitRef="Unit1"> 212000000 </chk:MaximumAmountRecoverableByTrustUnderLien>
<chk:MaximumAmountRecoverableByTrustUnderLien contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember" decimals="-6" unitRef="Unit1"> 263000000 </chk:MaximumAmountRecoverableByTrustUnderLien>
<chk:MaximumCommonStockPricePerShare contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="2" unitRef="Unit17"> 21.28 </chk:MaximumCommonStockPricePerShare>
<chk:MaximumCommonStockPricePerShare contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_GastarExplorationLtdMember" decimals="2" unitRef="Unit17"> 3.18 </chk:MaximumCommonStockPricePerShare>
<chk:MaximumVolumeAvailableToHedgeUnderHedgeFacility contextRef="As_Of_3_31_2012_us-gaap_DerivativeByNatureAxis_chk_BasisDerivativeMember" decimals="1" unitRef="Unit13"> 6.5 </chk:MaximumVolumeAvailableToHedgeUnderHedgeFacility>
<chk:MaximumVolumeAvailableToHedgeUnderHedgeFacility contextRef="As_Of_3_31_2012_chk_DerivativesByDerivativeInstrumentContractAxis_chk_MultiCounterpartyHedgeFacilityMember" decimals="1" unitRef="Unit13"> 6.5 </chk:MaximumVolumeAvailableToHedgeUnderHedgeFacility>
<chk:MaximumWorkingInterestPercentageAllowed contextRef="As_Of_5_1_2012" decimals="3" unitRef="Unit13"> 0.025 </chk:MaximumWorkingInterestPercentageAllowed>
<chk:MinimumCommittedWellsPerYear contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 90 </chk:MinimumCommittedWellsPerYear>
<chk:MinimumCommittedWellsPerYearInYearOne contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 270 </chk:MinimumCommittedWellsPerYearInYearOne>
<chk:MinimumCommittedWellsPerYearInYearTwo contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 540 </chk:MinimumCommittedWellsPerYearInYearTwo>
<chk:MinimumCommonStockPricePerShare contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="2" unitRef="Unit17"> 12.46 </chk:MinimumCommonStockPricePerShare>
<chk:MinimumCommonStockPricePerShare contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_GastarExplorationLtdMember" decimals="2" unitRef="Unit17"> 2.99 </chk:MinimumCommonStockPricePerShare>
<chk:MinimumPercentageEarnedAndPaidInPartnershipAgreementSubordinationPeriodWillTerminate contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 1.50 </chk:MinimumPercentageEarnedAndPaidInPartnershipAgreementSubordinationPeriodWillTerminate>
<chk:MortgagesPayableNoncurrent contextRef="As_Of_12_31_2011" decimals="-6" id="Item-0130" unitRef="Unit1"> 56000000 </chk:MortgagesPayableNoncurrent>
<chk:MortgagesPayableNoncurrent contextRef="As_Of_3_31_2012" decimals="-6" id="Item-0129" unitRef="Unit1"> 56000000 </chk:MortgagesPayableNoncurrent>
<chk:NaturalGasAndOilProvedReservesMultiplierToCoverFairValueOfTransactionsOutstanding contextRef="As_Of_3_31_2012_chk_DerivativesByDerivativeInstrumentContractAxis_chk_MultiCounterpartyHedgeFacilityMember_chk_MultiplierToCoverFairValueDescriptionAxis_chk_BetweenSemiAnnualCollateralDatesMember" decimals="2" unitRef="Unit13"> 1.30 </chk:NaturalGasAndOilProvedReservesMultiplierToCoverFairValueOfTransactionsOutstanding>
<chk:NaturalGasAndOilProvedReservesMultiplierToCoverFairValueOfTransactionsOutstanding contextRef="As_Of_3_31_2012_chk_DerivativesByDerivativeInstrumentContractAxis_chk_MultiCounterpartyHedgeFacilityMember_chk_MultiplierToCoverFairValueDescriptionAxis_chk_SemiAnnualCollateralDatesMember" decimals="2" unitRef="Unit13"> 1.65 </chk:NaturalGasAndOilProvedReservesMultiplierToCoverFairValueOfTransactionsOutstanding>
<chk:NaturalGasGatheringSystemsAndTreatingPlants contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 1763000000 </chk:NaturalGasGatheringSystemsAndTreatingPlants>
<chk:NaturalGasGatheringSystemsAndTreatingPlants contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_chk_VariableInterestEntitiesMember" decimals="-6" unitRef="Unit1"> 0 </chk:NaturalGasGatheringSystemsAndTreatingPlants>
<chk:NaturalGasGatheringSystemsAndTreatingPlants contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 2034000000 </chk:NaturalGasGatheringSystemsAndTreatingPlants>
<chk:NaturalGasGatheringSystemsAndTreatingPlants contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_chk_VariableInterestEntitiesMember" decimals="-6" unitRef="Unit1"> 48000000 </chk:NaturalGasGatheringSystemsAndTreatingPlants>
<chk:NaturalGasPercentOfSales contextRef="Duration_1_1_2011_To_12_31_2011" decimals="2" unitRef="Unit13"> 0.84 </chk:NaturalGasPercentOfSales>
<chk:NaturalGasPercentOfSales contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 0.84 </chk:NaturalGasPercentOfSales>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 660000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> 111000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 758000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -89000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -120000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 14000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> 893000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -24000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -724000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetChangeOtherFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -131000000 </chk:NetChangeOtherFinancingActivities>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible4.50PreferredStockMember" decimals="-6" unitRef="Unit1"> 3000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible5.00PreferredStockSeries2005BMember" decimals="-6" unitRef="Unit1"> 3000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockMember" decimals="-6" unitRef="Unit1"> 22000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockSeriesaMember" decimals="-6" unitRef="Unit1"> 16000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible4.50PreferredStockMember" decimals="-6" unitRef="Unit1"> 3000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible5.00PreferredStockSeries2005BMember" decimals="-6" unitRef="Unit1"> 3000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockMember" decimals="-6" unitRef="Unit1"> 22000000 </chk:NetIncomeLossAdjustments>
<chk:NetIncomeLossAdjustments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockSeriesaMember" decimals="-6" unitRef="Unit1"> 16000000 </chk:NetIncomeLossAdjustments>
<chk:NumberOfCounterparties contextRef="Duration_1_1_2012_To_3_31_2012_chk_DerivativesByDerivativeInstrumentContractAxis_chk_MultiCounterpartyHedgeFacilityMember" decimals="0" unitRef="Unit13"> 18 </chk:NumberOfCounterparties>
<chk:NumberOfCountiesPresentInLeaseholdLand contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit18"> 13 </chk:NumberOfCountiesPresentInLeaseholdLand>
<chk:NumberOfDrillingRigsLeased contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_us-gaap_EquipmentMember" decimals="0" unitRef="Unit13"> 51 </chk:NumberOfDrillingRigsLeased>
<chk:NumberOfGrossAcres contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="0" unitRef="Unit13"> 45400 </chk:NumberOfGrossAcres>
<chk:NumberOfNetAcres contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="0" unitRef="Unit13"> 160 </chk:NumberOfNetAcres>
<chk:NumberOfNetAcres contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="0" unitRef="Unit13"> 29300 </chk:NumberOfNetAcres>
<chk:NumberOfNetAcres contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 150 </chk:NumberOfNetAcres>
<chk:NumberOfNetWellsMinimumCumulativeTotal contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="0" unitRef="Unit13"> 300 </chk:NumberOfNetWellsMinimumCumulativeTotal>
<chk:NumberOfNetWellsMinimumCumulativeTotal contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 250 </chk:NumberOfNetWellsMinimumCumulativeTotal>
<chk:NumberOfOilWellsCommittedToDrillNetMinimum contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="0" unitRef="Unit13"> 25 </chk:NumberOfOilWellsCommittedToDrillNetMinimum>
<chk:NumberOfOilWellsCommittedToDrillNetMinimum contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="0" unitRef="Unit13"> 50 </chk:NumberOfOilWellsCommittedToDrillNetMinimum>
<chk:NumberOfOilWellsCommittedToDrillNetMinimum contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="1" unitRef="Unit13"> 37.5 </chk:NumberOfOilWellsCommittedToDrillNetMinimum>
<chk:NumberOfPreferredSharesExchangedForCash contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="-4" unitRef="Unit19"> 1250000 </chk:NumberOfPreferredSharesExchangedForCash>
<chk:NumberOfPreferredSharesExchangedForCash contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-4" unitRef="Unit19"> 1250000 </chk:NumberOfPreferredSharesExchangedForCash>
<chk:NumberOfRealEstateAssetsFinanced contextRef="As_Of_12_31_2009" decimals="0" unitRef="Unit13"> 113 </chk:NumberOfRealEstateAssetsFinanced>
<chk:NumberOfRealEstateSurfaceAssetsRemaining contextRef="As_Of_3_31_2012" decimals="0" unitRef="Unit13"> 110 </chk:NumberOfRealEstateSurfaceAssetsRemaining>
<chk:NumberOfRealEstateSurfaceAssetsRepurchased contextRef="Duration_1_1_2010_To_12_31_2010" decimals="0" unitRef="Unit13"> 2 </chk:NumberOfRealEstateSurfaceAssetsRepurchased>
<chk:NumberOfRealEstateSurfaceAssetsRepurchased contextRef="Duration_1_1_2011_To_12_31_2011" decimals="0" unitRef="Unit13"> 1 </chk:NumberOfRealEstateSurfaceAssetsRepurchased>
<chk:NumberOfRepurchasedEquipmentSold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_CompressorMember" decimals="0" unitRef="Unit13"> 6 </chk:NumberOfRepurchasedEquipmentSold>
<chk:NumberOfRepurchasedEquipmentSold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_RigMember" decimals="0" unitRef="Unit13"> 1 </chk:NumberOfRepurchasedEquipmentSold>
<chk:NumberOfShareholderActionsFiled contextRef="Duration_1_1_2012_To_3_31_2012" decimals="0" unitRef="Unit13"> 9 </chk:NumberOfShareholderActionsFiled>
<chk:NumberOfUnitsIncludedInBeneficialInterests contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember_us-gaap_StatementClassOfStockAxis_chk_SubordinatedUnitsMember" decimals="0" unitRef="Unit19"> 11687500 </chk:NumberOfUnitsIncludedInBeneficialInterests>
<chk:NumberOfUnitsIncludedInBeneficialInterests contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember" decimals="0" unitRef="Unit19"> 12062500 </chk:NumberOfUnitsIncludedInBeneficialInterests>
<chk:OilAndGasBenefitFromDrillingCarries contextRef="Duration_10_1_2011_To_12_31_2011" decimals="-6" unitRef="Unit1"> 527000000 </chk:OilAndGasBenefitFromDrillingCarries>
<chk:OilAndGasBenefitFromDrillingCarries contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 448000000 </chk:OilAndGasBenefitFromDrillingCarries>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_12_31_2007_us-gaap_StatementBusinessSegmentsAxis_chk_KentuckyAndWestVirginiaMember" decimals="0" unitRef="Unit12"> 15 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_5_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_TexasOklahomaAndKansasMember" decimals="0" unitRef="Unit12"> 11 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_8_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_AnadarkoBasinWoodfordShaleMember" decimals="0" unitRef="Unit12"> 11 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_12_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_AnadarkoAndArkomaBasinsMember" decimals="0" unitRef="Unit12"> 8 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_8_31_2009_us-gaap_StatementBusinessSegmentsAxis_chk_SouthTexasMember" decimals="1" unitRef="Unit12"> 7.5 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_2_28_2010_us-gaap_StatementBusinessSegmentsAxis_chk_EastTexasAndTexasGulfCoastMember" decimals="0" unitRef="Unit12"> 10 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_6_30_2010_us-gaap_StatementBusinessSegmentsAxis_chk_PermianBasinMember" decimals="0" unitRef="Unit12"> 10 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_9_30_2010_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" decimals="0" unitRef="Unit12"> 5 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_5_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_MidContinentJointVentureMember" decimals="0" unitRef="Unit12"> 10 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionPaymentTermInYears contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_AndarkoBasinGraniteWashMember" decimals="0" unitRef="Unit12"> 10 </chk:OilAndGasProductionPaymentTermInYears>
<chk:OilAndGasProductionProcessingDerivativeActivitiesDisclosureTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="62%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31, 2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31, 2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Volume</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Volume</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas (tbtu):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Call options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,318</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(255</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,357</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(284</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Basis protection swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">160</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(40</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">106</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total natural gas</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,478</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(295</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,463</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(326</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oil (mmbbl):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed-price swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">24.9</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14.9</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Call options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">90.3</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,305</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">94.7</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,282</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Swaptions</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15.0</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(108</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7.8</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(53</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed-price knockout swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0.6</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0.8</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total oil</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130.8</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,448</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">118.2</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,313</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total estimated fair value</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,743</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,639</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:OilAndGasProductionProcessingDerivativeActivitiesDisclosureTextBlock>
<chk:OilAndGasPropertyAndEquipmentAdjustedAsResultOfChangeInAccruedCosts contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 22000000 </chk:OilAndGasPropertyAndEquipmentAdjustedAsResultOfChangeInAccruedCosts>
<chk:OilAndGasPropertyAndEquipmentAdjustedAsResultOfChangeInAccruedCosts contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 26000000 </chk:OilAndGasPropertyAndEquipmentAdjustedAsResultOfChangeInAccruedCosts>
<chk:OilPercentOfSales contextRef="Duration_1_1_2011_To_12_31_2011" decimals="2" unitRef="Unit13"> 0.81 </chk:OilPercentOfSales>
<chk:OilPercentOfSales contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 0.81 </chk:OilPercentOfSales>
<chk:OptionalDistributionDiscretion contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember">
As the managing member of CHK Utica, we may, at our sole discretion and election at any time after December 31, 2013, distribute certain excess cash of CHK Utica, as determined in accordance with the CHK Utica LLC Agreement. Any such optional distribution of excess cash is allocated <font class="_mt">70</font>% to the preferred shares (which is applied toward redemption of the preferred shares) and <font class="_mt">30</font>% to the common shares unless we have not met our drilling commitment at such time, in which case such optional distributions would be allocated <font class="_mt">100</font>% to the preferred shares (and applied toward redemption thereof). We may also, at our sole election and discretion, in accordance with the CHK Utica LLC Agreement, cause CHK Utica to redeem the CHK Utica preferred shares for cash, in whole or in part. The preferred shares will be redeemed at a valuation equal to the greater of a <font class="_mt">10</font>% internal rate of return or a return on investment of <font class="_mt">1.4</font>x, in each case inclusive of dividends paid at the rate of <font class="_mt">7</font>% per annum and optional distributions made through the applicable redemption date. In the event that redemption does not occur on or prior to October 31, 2018, the optional redemption valuation will increase to the greater of a <font class="_mt">17.5</font>% internal rate of return or a return on investment of <font class="_mt">2.0</font>x
</chk:OptionalDistributionDiscretion>
<chk:OtherLongTermLiabilitiesTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.</b></font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Other Long-Term Liabilities </b></font></p></td></tr></table> <p style="margin-top: 6px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term liabilities as of March 31, 2012 and December 31, 2011 are detailed below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="79%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,<br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">CHK Utica ORRI conveyance obligation</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">290</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">290</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">CHK C-T ORRI conveyance obligation</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">185</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Financing lease obligations</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">143</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">143</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Revenues and royalties due others</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">115</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Mortgages payable</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">56</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">56</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">236</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">220</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total other long-term liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,025</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">818</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">9</font> million and $<font class="_mt">10</font> million of the total $<font class="_mt">299</font> million and $<font class="_mt">300</font> million obligation are recorded in other current liabilities as of March 31, 2012 and December 31, 2011, respectively. See Note 6 for further discussion of the CHK Utica financial transaction. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">12</font> million of the total $<font class="_mt">197</font> million obligation is recorded in other current liabilities. See Note 6 for further discussion of the CHK C-T financial transaction. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In 2009, we financed <font class="_mt">113</font> real estate surface assets in the Barnett Shale area for approximately $<font class="_mt">145</font> million and entered into a <font class="_mt">40</font>-year master lease agreement under which we agreed to lease the sites for approximately $<font class="_mt">15</font> million to $<font class="_mt">27</font> million annually. This lease transaction was recorded as a financing lease and the cash received was recorded with an offsetting long-term liability on the consolidated balance sheet. Chesapeake exercised its option to repurchase <font class="_mt">two</font> of the assets in 2010 and <font class="_mt">one</font> of the assets in 2011. As of March 31, 2012, we had <font class="_mt">110</font> assets remaining. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In 2009, we financed our regional Barnett Shale headquarters building in Fort Worth, Texas for net proceeds of approximately $<font class="_mt">54</font> million with a five-year term loan which has a floating rate of prime plus <font class="_mt">275</font> basis points. At our option, we may prepay in full without penalty beginning in year four. The payment obligation is guaranteed by Chesapeake. </font></p></td></tr></table></div>
</chk:OtherLongTermLiabilitiesTableTextBlock>
<chk:OtherPropertyPlantAndEquipmentAdjustedAsResultOfChangeInAccruedCosts contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 5000000 </chk:OtherPropertyPlantAndEquipmentAdjustedAsResultOfChangeInAccruedCosts>
<chk:OtherPropertyPlantAndEquipmentAdjustedAsResultOfChangeInAccruedCosts contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 24000000 </chk:OtherPropertyPlantAndEquipmentAdjustedAsResultOfChangeInAccruedCosts>
<chk:OverridingRoyaltyInterestPercentage contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="4" unitRef="Unit13"> 0.0375 </chk:OverridingRoyaltyInterestPercentage>
<chk:OverridingRoyaltyInterestPercentage contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="2" unitRef="Unit13"> 0.03 </chk:OverridingRoyaltyInterestPercentage>
<chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> 62000000 </chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities>
<chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 667000000 </chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities>
<chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -729000000 </chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities>
<chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1127000000 </chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities>
<chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 5000000 </chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities>
<chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -1132000000 </chk:PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities>
<chk:PercentageOfAdditionalIncreaseInInternalRateRequiredByInvestorsAtRedemptionUponFailedObligations contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.03 </chk:PercentageOfAdditionalIncreaseInInternalRateRequiredByInvestorsAtRedemptionUponFailedObligations>
<chk:PercentageOfBeneficialInterestOwned contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="2" unitRef="Unit13"> 0.51 </chk:PercentageOfBeneficialInterestOwned>
<chk:PercentageOfExcessCashAllocatedToCommonShares contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.25 </chk:PercentageOfExcessCashAllocatedToCommonShares>
<chk:PercentageOfExcessCashAllocatedToCommonShares contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="2" unitRef="Unit13"> 0.30 </chk:PercentageOfExcessCashAllocatedToCommonShares>
<chk:PercentageOfExcessCashAllocatedToPreferredShares contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.75 </chk:PercentageOfExcessCashAllocatedToPreferredShares>
<chk:PercentageOfExcessCashAllocatedToPreferredShares contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="2" unitRef="Unit13"> 0.70 </chk:PercentageOfExcessCashAllocatedToPreferredShares>
<chk:PercentageOfExcessCashAllocatedToPreferredSharesIfDrillingCommitmentNotMet contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 1.00 </chk:PercentageOfExcessCashAllocatedToPreferredSharesIfDrillingCommitmentNotMet>
<chk:PercentageOfExcessCashAllocatedToPreferredSharesIfDrillingCommitmentNotMet contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="2" unitRef="Unit13"> 1.00 </chk:PercentageOfExcessCashAllocatedToPreferredSharesIfDrillingCommitmentNotMet>
<chk:PercentageOfIncentiveDistributionsReceived contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="2" unitRef="Unit13"> 0.50 </chk:PercentageOfIncentiveDistributionsReceived>
<chk:PercentageOfIncreaseInInternalRateOfReturnInEventRedemptionDoesNotOccur contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.15 </chk:PercentageOfIncreaseInInternalRateOfReturnInEventRedemptionDoesNotOccur>
<chk:PercentageOfIncreaseInInternalRateOfReturnInEventRedemptionDoesNotOccur contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="3" unitRef="Unit13"> 0.175 </chk:PercentageOfIncreaseInInternalRateOfReturnInEventRedemptionDoesNotOccur>
<chk:PercentageOfIncreaseInInternalRateOfReturnInInvestmentInEventRedemptionDoesNotOccur contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="1" unitRef="Unit13"> 2.0 </chk:PercentageOfIncreaseInInternalRateOfReturnInInvestmentInEventRedemptionDoesNotOccur>
<chk:PercentageOfIncreaseInInternalRateRequiredByInvestorsAtRedemption contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.03 </chk:PercentageOfIncreaseInInternalRateRequiredByInvestorsAtRedemption>
<chk:PercentageOfIncreaseInLeaseholdInWhichCommitmentToDrillIsNotMet contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.05 </chk:PercentageOfIncreaseInLeaseholdInWhichCommitmentToDrillIsNotMet>
<chk:PercentageOfIncreaseInLeaseholdInWhichCommitmentToDrillIsNotMet contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="2" unitRef="Unit13"> 0.04 </chk:PercentageOfIncreaseInLeaseholdInWhichCommitmentToDrillIsNotMet>
<chk:PercentageOfInternalRateOfReturn contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="2" unitRef="Unit13"> 0.10 </chk:PercentageOfInternalRateOfReturn>
<chk:PercentageOfInternalRateOfReturn contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="2" unitRef="Unit13"> 0.09 </chk:PercentageOfInternalRateOfReturn>
<chk:PercentageOfPrincipalAmountOfNotesForRepurchaseRequirementOfContingentConvertibleSeniorNotes contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 1.00 </chk:PercentageOfPrincipalAmountOfNotesForRepurchaseRequirementOfContingentConvertibleSeniorNotes>
<chk:PercentageOfProceedsFromRoyaltyInterestConveyedToTrust contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="2" unitRef="Unit13"> 0.90 </chk:PercentageOfProceedsFromRoyaltyInterestConveyedToTrust>
<chk:PercentageOfProceedsFromRoyaltyInterestConveyedToTrust contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="2" unitRef="Unit13"> 0.50 </chk:PercentageOfProceedsFromRoyaltyInterestConveyedToTrust>
<chk:PercentageOfProvedReserveVolumesThatAreNaturalGas contextRef="As_Of_12_31_2011" decimals="2" unitRef="Unit13"> 0.83 </chk:PercentageOfProvedReserveVolumesThatAreNaturalGas>
<chk:PercentageOfRedeemableNotesAtRedemptionPrice contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSevenSevenFivePercentSeniorNotesDueTwoThousandNineteenMember" decimals="2" unitRef="Unit13"> 1.00 </chk:PercentageOfRedeemableNotesAtRedemptionPrice>
<chk:PercentageOfReductionInDrillingCarryObligations contextRef="As_Of_9_30_2009_us-gaap_StatementBusinessSegmentsAxis_chk_HaynesvilleAndBossierMember" decimals="2" unitRef="Unit13"> 0.12 </chk:PercentageOfReductionInDrillingCarryObligations>
<chk:PercentageOfReductionInDrillingCarryObligations contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" decimals="2" unitRef="Unit13"> 0.09 </chk:PercentageOfReductionInDrillingCarryObligations>
<chk:PercentageOfRemainingCashAvailableForDistributionInExcessOfIncentiveThreshold contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember" decimals="2" unitRef="Unit13"> 0.50 </chk:PercentageOfRemainingCashAvailableForDistributionInExcessOfIncentiveThreshold>
<chk:PercentOfSalesRevenueFromLiquidsProduction contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit13"> 0.61 </chk:PercentOfSalesRevenueFromLiquidsProduction>
<chk:PreferredStockTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="72%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.75%</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.75% (A)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>4.50%</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.00%<br />(2005B)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares outstanding at January 1, 2012 and March 31, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,497</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,559</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,096</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares outstanding at January 1, 2011 and March 31, 2011</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,500</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,559</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,096</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:PreferredStockTableTextBlock>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexNaturalGasForwardCurveMember_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="2" id="Item-0044" unitRef="Unit17"> 5.06 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexNaturalGasForwardCurveMember_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="2" id="Item-0045" unitRef="Unit17"> 1.95 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexNaturalGasPriceForwardCurveMember_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="2" id="Item-0014" unitRef="Unit13"> 5.81 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexNaturalGasPriceForwardCurveMember_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="2" id="Item-0041" unitRef="Unit13"> 2.13 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexOilPriceForwardCurveMember_us-gaap_InstrumentAxis_chk_OilTradesMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="2" id="Item-0040" unitRef="Unit13"> 105.33 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NymexOilPriceForwardCurveMember_us-gaap_InstrumentAxis_chk_OilTradesMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="2" id="Item-0042" unitRef="Unit13"> 91.47 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_PhysicalPricingPointForwardCurvesMember_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="2" id="Item-0052" unitRef="Unit17"> 0.20 </chk:PriceForwardCurve>
<chk:PriceForwardCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_PhysicalPricingPointForwardCurvesMember_us-gaap_InstrumentAxis_chk_GasBasisSwapsMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="2" id="Item-0053" unitRef="Unit17"> 1.29 </chk:PriceForwardCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_ForwardInterestRateCurveMember_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="4" id="Item-0015" unitRef="Unit13"> 0.0366 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_ForwardInterestRateCurveMember_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="4" id="Item-0038" unitRef="Unit13"> 0.0041 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_InterestRateVolatilityMember_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="4" id="Item-0018" unitRef="Unit13"> 0.5207 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_InterestRateVolatilityMember_us-gaap_InstrumentAxis_chk_InterestRateSwaptionsMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="4" id="Item-0016" unitRef="Unit13"> 0.4004 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NaturalGasPriceVolatilityCurveMember_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="4" id="Item-0043" unitRef="Unit13"> 0.5367 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_NaturalGasPriceVolatilityCurveMember_us-gaap_InstrumentAxis_chk_NaturalGasTradesMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="4" id="Item-0013" unitRef="Unit13"> 0.2140 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_OilPriceVolatilityCurveMember_us-gaap_InstrumentAxis_chk_OilTradesMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="4" id="Item-0039" unitRef="Unit13"> 0.3103 </chk:PriceVolatilityCurve>
<chk:PriceVolatilityCurve contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueMeasurementUnobservableInputsAxis_chk_OilPriceVolatilityCurveMember_us-gaap_InstrumentAxis_chk_OilTradesMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="4" id="Item-0017" unitRef="Unit13"> 0.1639 </chk:PriceVolatilityCurve>
<chk:PrincipalPaymentOnSeniorNotesDueInTwoYears contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_us-gaap_SeniorNotesMember" decimals="-6" unitRef="Unit1"> 464000000 </chk:PrincipalPaymentOnSeniorNotesDueInTwoYears>
<chk:ProceedsFromSaleOfLeasedAssets contextRef="Duration_3_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_FayettevilleShaleMember" decimals="-6" unitRef="Unit1"> 4650000000 </chk:ProceedsFromSaleOfLeasedAssets>
<chk:ProceedsFromSaleOfLeasedAssets contextRef="Duration_10_1_2011_To_12_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_EagleFordAndPearsallBarnettMercellusAndHaynesvilleAndBossierMember" decimals="-6" unitRef="Unit1"> 224000000 </chk:ProceedsFromSaleOfLeasedAssets>
<chk:ProceedsFromSaleOfLeasedAssets contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettAndUticaShaleMember" decimals="-6" unitRef="Unit1"> 18000000 </chk:ProceedsFromSaleOfLeasedAssets>
<chk:ProceedsNetFromSeniorNotes contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_DebtInstrumentAxis_chk_SixPointOneTwoFivePercentSeniorNotesDueTwoThousandTwentyOneMember" decimals="-6" unitRef="Unit1"> 977000000 </chk:ProceedsNetFromSeniorNotes>
<chk:ProceedsNetFromSeniorNotes contextRef="Duration_10_1_2011_To_10_31_2011_us-gaap_DebtInstrumentAxis_chk_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="-6" unitRef="Unit1"> 637000000 </chk:ProceedsNetFromSeniorNotes>
<chk:ProceedsNetFromSeniorNotes contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSevenSevenFivePercentSeniorNotesDueTwoThousandNineteenMember" decimals="-6" unitRef="Unit1"> 1263000000 </chk:ProceedsNetFromSeniorNotes>
<chk:ReclassifiedFromGuarantors contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-8" unitRef="Unit1"> 8200000000 </chk:ReclassifiedFromGuarantors>
<chk:RecognizedReductionInTaxBenefits contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAndPlanNameAxis_chk_UnvestedStockOptionsMember" decimals="-6" unitRef="Unit1"> 1000000 </chk:RecognizedReductionInTaxBenefits>
<chk:RecognizedReductionInTaxBenefits contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAndPlanNameAxis_us-gaap_RestrictedStockMember" decimals="-6" unitRef="Unit1"> 1000000 </chk:RecognizedReductionInTaxBenefits>
<chk:RecognizedReductionInTaxBenefits contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAndPlanNameAxis_chk_UnvestedStockOptionsMember" decimals="-6" unitRef="Unit1"> 4000000 </chk:RecognizedReductionInTaxBenefits>
<chk:RevenuesAndRoyaltiesDueOthersNoncurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 109000000 </chk:RevenuesAndRoyaltiesDueOthersNoncurrent>
<chk:RevenuesAndRoyaltiesDueOthersNoncurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 115000000 </chk:RevenuesAndRoyaltiesDueOthersNoncurrent>
<chk:RigCount contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="0" unitRef="Unit13"> 6 </chk:RigCount>
<chk:RigCount contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="0" unitRef="Unit13"> 2 </chk:RigCount>
<chk:RisksAndUncertaintiesPolicyTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Risks and Uncertainties </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Approximately <font class="_mt">83</font>% of our estimated proved reserves volumes as of December 31, 2011 were natural gas and for the full year 2011 and Current Quarter, <font class="_mt">84</font>% and <font class="_mt">81</font>% of our natural gas and oil sales volumes were natural gas, respectively. Although we are shifting our strategy to a more liquids-heavy portfolio, having <font class="_mt">61</font>% of our natural gas and oil revenue before the effects of hedging derived from liquids production in the Current Quarter and curtailing drilling operations and production in our dry gas plays due to low natural gas prices, we have a material exposure to those low prices. While our derivative arrangements serve to mitigate a portion of the effect of price volatility on our cash flows, our forecasted natural gas production is currently not protected against downward price adjustments by derivative instruments and our use of crude oil derivatives to partially mitigate the price risk of our liquids production is subject to basis risk to the extent oil and natural gas liquids prices do not remain highly correlated. Sustained low natural gas prices, and volatile commodity prices in general, could have a material adverse effect on our financial position, results of operations and cash flows, which could adversely impact our ability to comply with financial covenants under our credit facilities and further limit our ability to fund our planned capital expenditures. In addition, sustained low commodity prices could result in a reduction in the estimated quantity of proved reserves we report and in the estimated future net cash flows expected to be generated from reserves that may require us to write down the carrying value of our natural gas and oil properties, and such amounts could be material.</font></p></div> </div>
</chk:RisksAndUncertaintiesPolicyTextBlock>
<chk:SaleLeasebackTransactionLeaseTermsLowerLimit contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_CompressorMember" decimals="0" unitRef="Unit13"> 4 </chk:SaleLeasebackTransactionLeaseTermsLowerLimit>
<chk:SaleLeasebackTransactionLeaseTermsLowerLimit contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_RigMember" decimals="0" unitRef="Unit13"> 5 </chk:SaleLeasebackTransactionLeaseTermsLowerLimit>
<chk:SaleLeasebackTransactionLeaseTermsUpperLimit contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_CompressorMember" decimals="0" unitRef="Unit13"> 10 </chk:SaleLeasebackTransactionLeaseTermsUpperLimit>
<chk:SaleLeasebackTransactionLeaseTermsUpperLimit contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_RigMember" decimals="0" unitRef="Unit13"> 10 </chk:SaleLeasebackTransactionLeaseTermsUpperLimit>
<chk:ScheduleOfAggregateUndiscountedCommitmentsOnGatheringProcessingAndTransportationAgreementsTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="87%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">754</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2013</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2014</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,203</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2015</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2016</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,355</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2017 - 2099</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,848</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13,606</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:ScheduleOfAggregateUndiscountedCommitmentsOnGatheringProcessingAndTransportationAgreementsTableTextBlock>
<chk:ScheduleOfCashFlowHedgeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="42%"> </td> <td valign="bottom" width="5%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b> </b></font></td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b> </b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b> </b></font></td> <td> </td></tr> <tr><td valign="bottom" colspan="3"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Cash Flow Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Location of Gain (Loss)                                </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom" colspan="5"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gain (Loss) Recognized in AOCI</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    (Effective Portion)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">AOCI</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">AOCI</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gain (Loss) Reclassified from</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    AOCI into Income (Effective Portion)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">74</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gain (Loss) Recognized in Income</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Ineffective Portion</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Amount initially excluded from</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">    effectiveness testing</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">32</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:ScheduleOfCashFlowHedgeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock>
<chk:ScheduleOfComponentsOfNaturalGasAndOilSalesTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="84%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,221</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains (losses) on natural gas and oil derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(153</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(704</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains (losses) on ineffectiveness of cash flow hedges</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total natural gas and oil sales</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:ScheduleOfComponentsOfNaturalGasAndOilSalesTextBlock>
<chk:ScheduleOfCondensedConsolidatingBalanceSheetTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <p style="margin-top: 12px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING BALANCE SHEET </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>AS OF MARCH 31, 2012 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="45%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">437</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">438</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,272</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">640</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(428</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,486</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,273</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,077</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(428</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,924</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>PROPERTY AND EQUIPMENT:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil properties, at cost based on full cost accounting, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31,065</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,982</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(522</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">33,525</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other property and equipment at cost, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,012</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,091</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Property and Equipment, Net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34,077</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,064</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(525</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,616</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,058</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,180</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,049</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments in subsidiaries and intercompany advances</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">622</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,908</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL ASSETS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,030</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,321</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45,589</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Current liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">225</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,209</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">652</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(422</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,664</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany payable to (receivable from) parent</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(23,256</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21,298</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,180</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(222</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(23,031</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27,507</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,832</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(644</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,664</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term debt, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9,540</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,462</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,080</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Deferred income tax liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">413</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,383</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">497</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(309</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,984</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">23</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,392</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">927</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,965</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Long-Term Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9,976</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,237</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,504</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(686</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20,031</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>EQUITY:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake stockholders' equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">622</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,908</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,363</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,363</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,985</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,908</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">18,894</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL LIABILITIES AND EQUITY</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,030</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,321</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45,589</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING BALANCE SHEET </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>AS OF DECEMBER 31, 2011 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="40%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent(a)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries(a)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">350</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,664</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">418</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(257</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,826</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,665</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">768</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(257</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>PROPERTY AND EQUIPMENT:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil properties, at cost, based on full cost accounting, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">29,659</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,017</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31,200</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other property and equipment at cost, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,831</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,539</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Property and Equipment, Net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">32,490</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,725</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">36,739</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">161</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,004</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,131</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,919</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments in subsidiaries and intercompany advances</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">819</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL ASSETS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,446</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">36,978</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41,835</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Current liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">288</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,509</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">543</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(258</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany payable to (receivable from) parent</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(22,139</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20,283</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,045</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(189</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(21,851</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">26,792</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,588</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(447</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term debt, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,226</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">681</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10,626</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Deferred income tax liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">409</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,897</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">464</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,484</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">735</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,682</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Long-Term Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,673</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,902</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,880</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(663</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,792</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>EQUITY:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake stockholders' equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">819</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,337</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,337</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,156</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">17,961</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL LIABILITIES AND EQUITY</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,446</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">36,978</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41,835</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <p><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font> <font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">We have revised the amounts presented as long-term debt in the Guarantor Subsidiaries and Parent columns to properly reflect the long-term debt issued by the Parent of $<font class="_mt">8.2</font> billion, which was incorrectly presented as long-term debt attributable to the Guarantors subsidiaries as of December 31, 2011. The impact of this error was not material to the prior period December 31, 2011 financial statements.</font></font> </font></p></div> </div>
</chk:ScheduleOfCondensedConsolidatingBalanceSheetTableTextBlock>
<chk:ScheduleOfCondensedConsolidatingStatementOfCashFlowsTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2012 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="46%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM OPERATING ACTIVITIES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,313</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">48</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,087</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">274</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM INVESTING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,520</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(189</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,709</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from divestitures of proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">821</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">821</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to other property and equipment</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(228</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(461</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(690</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(231</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(36</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">195</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(72</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash used in investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,158</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(686</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">194</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,650</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM FINANCING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,945</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">743</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,688</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Payments on credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,203</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(343</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,546</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from issuance of senior notes, net of offering costs</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,263</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,263</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash paid to purchase debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from sales of noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,044</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,044</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(131</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(724</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">893</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany advances, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,132</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,127</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash provided by financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,845</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">725</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">893</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,463</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net increase (decrease) in cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, beginning of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">350</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, end of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">437</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">438</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 24px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2011 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="46%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM OPERATING ACTIVITIES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">842</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(225</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">718</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM INVESTING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,950</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,950</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from divestitures of proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to other property and equipment</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(95</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(328</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(431</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">374</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">60</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">425</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash provided by investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,128</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">52</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,226</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM FINANCING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,202</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">415</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,617</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Payments on credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(6,814</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(509</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7,323</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from issuance of senior notes, net of offering costs</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">977</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">977</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash paid to purchase debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(128</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(128</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(120</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">758</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(89</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">111</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany advances, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(729</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">667</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash provided by (used in) financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,187</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(183</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">173</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,197</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net increase (decrease) in cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">783</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(36</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">747</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, beginning of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">102</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, end of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">785</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">64</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">849</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table></div> </div>
</chk:ScheduleOfCondensedConsolidatingStatementOfCashFlowsTableTextBlock>
<chk:ScheduleOfCondensedConsolidatingStatementOfOperationsTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2012 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="49%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>REVENUES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,044</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,201</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,216</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">447</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(312</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">135</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,245</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">514</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(340</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,419</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OPERATING EXPENSES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil production</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">348</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">349</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Production taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">47</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,197</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">353</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(258</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">96</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">General and administrative</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">26</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">136</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil depreciation, depletion and amortization</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">492</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">506</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Depreciation and amortization of other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">72</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">84</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains on sales of fixed assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Operating Expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,229</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">493</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(309</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,413</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) FROM OPERATIONS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OTHER INCOME (EXPENSE):</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(161</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">169</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(12</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Earnings (losses) on investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(30</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Losses on purchases or exchanges of debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other income</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">163</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(199</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity in net earnings of subsidiary</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Other Income (Expense)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(23</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(11</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) BEFORE INCOME TAXES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(33</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME TAX EXPENSE (BENEFIT)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>NET INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other comprehensive income (loss), net of income tax</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net income attributable to noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 24px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2011 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="49%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>REVENUES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">991</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,017</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">248</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(147</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,485</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">303</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(176</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OPERATING EXPENSES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil production</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Production taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">968</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">985</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(105</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">77</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">General and administrative</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">114</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil depreciation, depletion and amortization</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">358</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">358</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Depreciation and amortization of other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">68</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">(Gains) losses on sales of fixed assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Operating Expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,768</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">273</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(145</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,896</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) FROM OPERATIONS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(283</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OTHER INCOME (EXPENSE):</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(183</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Earnings on investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">19</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Losses on purchases or</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">exchanges of debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other income</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(179</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity in net earnings of subsidiary</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(157</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">150</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Other Income (Expense)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(165</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">148</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) BEFORE INCOME TAXES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(165</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(262</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">44</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">117</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(266</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME TAX EXPENSE (BENEFIT)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(105</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">17</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(13</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(104</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>NET INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(157</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other comprehensive income (loss), net of income tax</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(11</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(33</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(44</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(173</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(190</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(206</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net income attributable to noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(173</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(190</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(206</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table></div> </div>
</chk:ScheduleOfCondensedConsolidatingStatementOfOperationsTableTextBlock>
<chk:ScheduleOfProductionPaymentsTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="19%"> </td> <td valign="bottom" width="10%"> </td> <td width="16%"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 32pt;"> </td> <td> </td> <td> </td> <td style="width: 32pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 78pt;"> </td> <td> </td> <td> </td> <td style="width: 78pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 28pt;"> </td> <td> </td> <td> </td> <td style="width: 28pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 22pt;"> </td> <td> </td> <td> </td> <td style="width: 22pt;"> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Date of VPP</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Division</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Proceeds</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Proved Reserves<br />(at time of sale)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    $ / mcfe    </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Original</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>    Term     </b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(bcfe)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(years)</b></font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">March 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Anadarko Basin     Granite Wash</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">        $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">744</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">            160</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.68</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">May 2011</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Mid-Continent</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">853</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.82</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">September 2010</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Barnett Shale</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,150</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">390</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2.93</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">June 2010</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Permian Basin</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">335</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8.73</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">February 2010</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">East Texas and</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    Texas Gulf Coast</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">180</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3.95</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">August 2009</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">South Texas</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">370</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">68</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5.46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7.5    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">December 2008</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Anadarko and</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    Arkoma Basins</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">412</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">98</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.19</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">August 2008</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Anadarko Basin</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">600</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">93</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6.38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">11    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">May 2008</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Texas, Oklahoma</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    and Kansas</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">622</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">94</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6.53</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">11    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">December 2007</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Kentucky and</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    West Virginia</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">208</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5.29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,366</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,372</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4.64</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> </div>
</chk:ScheduleOfProductionPaymentsTableTextBlock>
<chk:ScheduleOfReconciliationOfComponentsOfAccumulatedOtherComprehensiveIncomeLossInConsolidatedStatementsOfStockholdersEquityRelatedToCashFlowHedgesTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="56%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>  Before Tax  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    After Tax    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>  Before Tax  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    After Tax    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="16"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Balance, beginning of period</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(287</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(178</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(291</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(181</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net change in fair value</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains reclassified to income</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(75</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Balance, end of period</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(176</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(368</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(228</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:ScheduleOfReconciliationOfComponentsOfAccumulatedOtherComprehensiveIncomeLossInConsolidatedStatementsOfStockholdersEquityRelatedToCashFlowHedgesTableTextBlock>
<chk:ScheduleOfShareBasedCompensationOptionsActivityTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="86%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil properties</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">General and administrative expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">19</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">23</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil production expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">52</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">71</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</chk:ScheduleOfShareBasedCompensationOptionsActivityTableTextBlock>
<chk:SecuredDebtRepurchaseAgreementsPrice contextRef="As_Of_12_31_2011_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="-6" unitRef="Unit1"> 128000000 </chk:SecuredDebtRepurchaseAgreementsPrice>
<chk:SemiAnnualInterestRateSwapPayments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember_us-gaap_DerivativeByNatureAxis_us-gaap_CrossCurrencyInterestRateContractMember" decimals="-6" unitRef="Unit1"> 17000000 </chk:SemiAnnualInterestRateSwapPayments>
<chk:SemiAnnualInterestRateSwapPayments contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember_us-gaap_DerivativeByNatureAxis_us-gaap_CrossCurrencyInterestRateContractMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember" decimals="-6" unitRef="Unit1"> 459000000 </chk:SemiAnnualInterestRateSwapPayments>
<chk:SemiAnnualInterestRateSwapProceeds contextRef="As_Of_3_31_2012_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember" decimals="-6" unitRef="Unit110"> 344000000 </chk:SemiAnnualInterestRateSwapProceeds>
<chk:SemiAnnualInterestRateSwapProceeds contextRef="As_Of_3_31_2012_chk_DerivativesByDerivativeInstrumentContractAxis_chk_MultiCounterpartyHedgeFacilityMember_us-gaap_DerivativeByNatureAxis_us-gaap_CrossCurrencyInterestRateContractMember" decimals="-6" unitRef="Unit110"> 11000000 </chk:SemiAnnualInterestRateSwapProceeds>
<chk:ServiceAgreementCommitmentAfterYearFive contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 7848000000 </chk:ServiceAgreementCommitmentAfterYearFive>
<chk:ServiceAgreementCommitmentTotal contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 13606000000 </chk:ServiceAgreementCommitmentTotal>
<chk:ServiceAgreementCommitmentYearFive contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 1355000000 </chk:ServiceAgreementCommitmentYearFive>
<chk:ServiceAgreementCommitmentYearFour contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 1284000000 </chk:ServiceAgreementCommitmentYearFour>
<chk:ServiceAgreementCommitmentYearOne contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 754000000 </chk:ServiceAgreementCommitmentYearOne>
<chk:ServiceAgreementCommitmentYearThree contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 1203000000 </chk:ServiceAgreementCommitmentYearThree>
<chk:ServiceAgreementCommitmentYearTwo contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 1162000000 </chk:ServiceAgreementCommitmentYearTwo>
<chk:ShareBasedCompensationAllocatedToMarketingGatheringAndCompressionExpense contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 5000000 </chk:ShareBasedCompensationAllocatedToMarketingGatheringAndCompressionExpense>
<chk:ShareBasedCompensationAllocatedToMarketingGatheringAndCompressionExpense contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 4000000 </chk:ShareBasedCompensationAllocatedToMarketingGatheringAndCompressionExpense>
<chk:ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesUnderlyingOptionsExercisedInPeriod contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-3" unitRef="Unit19"> 109000 </chk:ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesUnderlyingOptionsExercisedInPeriod>
<chk:ShareBasedCompensationGeneralAndAdministrativeExpense contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 23000000 </chk:ShareBasedCompensationGeneralAndAdministrativeExpense>
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<div> <font style="font-family: Times New Roman;" class="_mt" size="2"> </font> <div><font style="font-family: ARIAL;" class="_mt" size="2"> </font> <div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>10.</b></font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Variable Interest Entities </b></font></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In accordance with accounting guidance for consolidation, we consolidate the activities of VIEs of which we are the primary beneficiary. The primary beneficiary of a VIE is that variable interest holder possessing a controlling financial interest through (i) its power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (ii) its obligation to absorb losses or its right to receive benefits from the VIE that could potentially be significant to the VIE. In order to determine whether we own a variable interest in a VIE, we perform qualitative analysis of the entity's design, organizational structure, primary decision makers and relevant agreements. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Consolidated VIEs </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Chesapeake Granite Wash Trust</i>. For discussion of the formation, operations and presentation of the Trust, please see <i>Noncontrolling Interests </i>in Note 6. The Trust is considered a VIE due to the lack of voting or similar decision-making rights by its equity holders regarding activities that have a significant effect on the economic success of the Trust. Our ownership in the Trust and our obligations under the development agreement and related drilling support lien constitute variable interests. We have determined that we are the primary beneficiary of the Trust as (i) we have the power to direct the activities that most significantly impact the economic performance of the Trust via our obligations to perform under the development agreement, and (ii) as a result of the subordination and incentive thresholds applicable to the subordinated units we hold in the Trust, we have the obligation to absorb losses and the right to receive residual returns that could potentially be significant to the Trust. As a result, we consolidate the Trust in our financial statements and the common units of the Trust owned by third parties are reflected as a noncontrolling interest. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The Trust is a consolidated entity whose legal existence is separate from Chesapeake and our other consolidated subsidiaries and the Trust is not a guarantor of any of Chesapeake's debt. The creditors or beneficial holders of the Trust have no recourse to the general credit of Chesapeake; however, we have certain obligations to the Trust through the development agreement that are secured by a drilling support lien on our retained interest in the development wells up to a specified maximum amount recoverable by the Trust, which could result in the Trust acquiring all or a portion of our retained interest in the development wells, if we do not meet our drilling commitment. In consolidation, as of March 31, 2012, approximately $<font class="_mt">471</font> million of net natural gas and oil properties, $<font class="_mt">38</font> million of current liabilities and $<font class="_mt">19</font> million in long-term liabilities were attributable to the Trust. We have presented parenthetically on the face of the condensed consolidated balance sheets the assets of the Trust that can be used only to settle obligations of the Trust and the liabilities of the Trust for which creditors do not have recourse to the general credit of Chesapeake. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Cardinal Gas Services, L.L.C. </i>We own an approximate <font class="_mt">66</font>% interest in Cardinal, a consolidated midstream subsidiary (see Note 6 under <i>Noncontrolling Interests</i> for further discussion). Cardinal is considered a VIE because its total equity at risk, as of March 31, 2012, is not sufficient to permit it to finance its activities without additional subordinated financial support. It is expected that we, along with the other equity partners, will make regular capital contributions to Cardinal for our proportionate share of its capital costs. This VIE is consolidated since we have a controlling interest in the VIE through voting rights. <i> </i>In consolidation, as of March 31, 2012, approximately $<font class="_mt">46</font> million of cash and cash equivalents, $<font class="_mt">48</font> million of net natural gas gathering systems and treating plants and $<font class="_mt">12</font> million of current liabilities were attributable to Cardinal, which we have presented parenthetically on the face of the condensed consolidated balance sheets. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Unconsolidated VIEs </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Chesapeake Midstream Partners, L.P. </i>We have an approximate <font class="_mt">46</font>% interest in CHKM through our ownership of common, general partner and subordinated units. CHKM focuses on unregulated business activities in service to both Chesapeake and third-party natural gas producers and its revenues are generated from gathering, compression, dehydration and treating services. Certain Chesapeake employees provide services to CHKM through an employee secondment agreement and CHKM utilizes various support functions within Chesapeake, including accounting, human resources and information technology in return for certain cost reimbursements. As of March 31, 2012, common units owned by public security holders represented <font class="_mt">30.5</font>% of all outstanding limited partner interests, and Chesapeake and GIP held <font class="_mt">46.1</font>% and <font class="_mt">23.4</font>%, respectively, of all outstanding limited partner interests. Of the limited partner units, approximately <font class="_mt">51</font>% and <font class="_mt">100</font>% of the units were subordinated for Chesapeake and GIP, respectively. The limited partners, collectively, have a <font class="_mt">98</font>% limited partner interest in CHKM, and Chesapeake and GIP each own <font class="_mt">50</font>% of the remaining <font class="_mt">2</font>% general partner interest.</font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The partnership agreement provides that, during the subordination period, the common units are entitled to distributions of available cash each quarter in an amount equal to the minimum quarterly distribution, which is $<font class="_mt">0.3375</font> per common unit, plus any arrearages in the payment of the minimum quarterly distribution on the common units from prior quarters, before any distributions of available cash are permitted on the subordinated units. The subordination period will lapse at such time when the partnership has earned and paid at least $<font class="_mt">0.3375</font> per quarter on each common unit, subordinated unit and general partner unit for any three consecutive, non-overlapping four-quarter periods ending on or after June 30, 2013. Also, if the partnership has earned and paid at least <font class="_mt">150</font>% of the minimum quarterly distribution on each outstanding common unit, subordinated unit and general partner unit for each calendar quarter in a four-quarter period, the subordination period will terminate automatically. The subordination period will also terminate automatically if the general partner is removed without cause and the units held by the general partner and its affiliates are not voted in favor of removal. When the subordination period lapses or otherwise terminates, all remaining subordinated units will convert into common units on a one-for-one basis and the common units will no longer be entitled to arrearages. All subordinated units are held indirectly by Chesapeake and GIP.</font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">CHKM is considered a VIE because of the significance of its operations to us and the contractual arrangements between Chesapeake and CHKM that pass certain economic risks to us which are disproportionate to our economic interest. These primarily include certain gas gathering agreements with CHKM pursuant to which we have committed to deliver annually specified minimum volumes of natural gas under firm transportation agreements, an EBITDA guarantee CMD issued to CHKM in conjunction with our December 2011 sale of Appalachia Midstream Services, L.L.C. (AMS), and the subordination of our units to those of other unitholders. Our ownership in CHKM, and our rights and commitments under our contractual arrangements with CHKM constitute variable interests. See <i>Other Commitments</i> in Note 4.</font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Because the general partner controls CHKM, we have determined that the power to direct the activities which are most significant to its economic performance are shared between us and GIP. See Note 9 for a discussion of the accounting for, and the carrying value of, our investment in CHKM. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our risk of loss related to CHKM includes our investment balance and certain commitments to CHKM through the EBITDA guarantee and under our firm transportation agreements that could require us to make shortfall payments in the event we do not meet our minimum volume commitments. The creditors or other beneficial holders of CHKM common units have no other recourse to the general credit of Chesapeake. </font></p> <div> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Utica East Ohio Midstream L.L.C. </i>We have an approximate <font class="_mt">59</font>% interest in Utica East Ohio Midstream L.L.C. (UEOM), an unconsolidated entity which we formed with M3 Midstream L.L.C. and EV Energy Partners, L.P. to develop necessary infrastructures for gathering and processing of natural gas and natural gas liquids in the Utica shale play in eastern Ohio (see Note 9 for further details). UEOM is considered a VIE because its total equity at risk, as of March 31, 2012, is not sufficient to permit it to finance its activities without additional subordinated financial support. It is expected that we, along with the other equity partners, will make regular capital contributions to UEOM for our proportionate share of its capital costs. This VIE remains unconsolidated since the power to direct the activities, which are most significant to UEOM's economic performance are shared between us and the other equity holders. We are using the equity method to account for this investment. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p></div></div></div> </div>
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<chk:VariableInterestEntityConsolidatedCarryingAmountCurrentLiabilities contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 38000000 </chk:VariableInterestEntityConsolidatedCarryingAmountCurrentLiabilities>
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<chk:VariableInterestEntityConsolidatedCarryingAmountLongTermLiabilities contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 19000000 </chk:VariableInterestEntityConsolidatedCarryingAmountLongTermLiabilities>
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<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_12_31_2011_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_us-gaap_CrudeOilMember_chk_EnergyMeasurementsAxis_chk_MmbblMember" decimals="1" unitRef="Unit13"> 118.2 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_12_31_2011_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_chk_NaturalGasMember_chk_EnergyMeasurementsAxis_chk_TbtuMember_us-gaap_DerivativeByNatureAxis_us-gaap_BasisSwapMember" decimals="0" unitRef="Unit13"> 106 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
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<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_12_31_2011_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_us-gaap_CrudeOilMember_chk_EnergyMeasurementsAxis_chk_MmbblMember_us-gaap_DerivativeByNatureAxis_chk_KnockoutSwapsMember" decimals="1" unitRef="Unit13"> 0.8 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_12_31_2011_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_us-gaap_CrudeOilMember_chk_EnergyMeasurementsAxis_chk_MmbblMember_us-gaap_DerivativeByNatureAxis_us-gaap_CallOptionMember" decimals="1" unitRef="Unit13"> 94.7 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_12_31_2011_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_us-gaap_CrudeOilMember_chk_EnergyMeasurementsAxis_chk_MmbblMember_us-gaap_DerivativeByNatureAxis_us-gaap_SwapMember" decimals="1" unitRef="Unit13"> 14.9 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_12_31_2011_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_us-gaap_CrudeOilMember_chk_EnergyMeasurementsAxis_chk_MmbblMember_us-gaap_DerivativeByNatureAxis_us-gaap_SwaptionsMember" decimals="1" unitRef="Unit13"> 7.8 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_3_31_2012_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_chk_NaturalGasMember_chk_EnergyMeasurementsAxis_chk_TbtuMember" decimals="0" unitRef="Unit13"> 1478 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
<chk:VolumeOfFutureOilAndGasProductionBeingHedged contextRef="As_Of_3_31_2012_chk_DerivativeInstrumentsRelatedToOilAndGasProductionComponentsAxis_us-gaap_CrudeOilMember_chk_EnergyMeasurementsAxis_chk_MmbblMember" decimals="1" unitRef="Unit13"> 130.8 </chk:VolumeOfFutureOilAndGasProductionBeingHedged>
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<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>1.</b></font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Basis of Presentation and Summary of Significant Accounting Policies </b></font></p></td></tr></table> <div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Principles of Consolidation </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The accompanying unaudited condensed consolidated financial statements of Chesapeake Energy Corporation ("Chesapeake" or the "Company") and its subsidiaries have been prepared in accordance with the instructions to Form 10-Q as prescribed by the Securities and Exchange Commission (SEC). Chesapeake's annual report on Form 10-K for the year ended December 31, 2011 (2011 Form 10-K) includes certain definitions and a summary of significant accounting policies and should be read in conjunction with this Form 10-Q. All material adjustments (consisting solely of normal recurring adjustments) which, in the opinion of management, are necessary for a fair statement of the results for the interim periods have been reflected. The accompanying condensed consolidated financial statements of Chesapeake include the accounts of our direct and indirect wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The results for the three months ended March 31, 2012 are not necessarily indicative of the results to be expected for the full year. This Form 10-Q relates to the three months ended March 31, 2012 (the "Current Quarter") and the three months ended March 31, 2011 (the "Prior Quarter"). </font></p></div> <div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Critical Accounting Policies </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We consider accounting policies related to derivatives, variable interest entities, natural gas and oil properties and income taxes to be critical policies. These policies are summarized in Management's Discussion and Analysis of Financial Condition and Results of Operations in our 2011 Form 10-K. </font></p></div> <div class="MetaData"> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Risks and Uncertainties </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Approximately <font class="_mt">83</font>% of our estimated proved reserves volumes as of December 31, 2011 were natural gas and for the full year 2011 and Current Quarter, <font class="_mt">84</font>% and <font class="_mt">81</font>% of our natural gas and oil sales volumes were natural gas, respectively. Although we are shifting our strategy to a more liquids-heavy portfolio, having <font class="_mt">61</font>% of our natural gas and oil revenue before the effects of hedging derived from liquids production in the Current Quarter and curtailing drilling operations and production in our dry gas plays due to low natural gas prices, we have a material exposure to those low prices. While our derivative arrangements serve to mitigate a portion of the effect of price volatility on our cash flows, our forecasted natural gas production is currently not protected against downward price adjustments by derivative instruments and our use of crude oil derivatives to partially mitigate the price risk of our liquids production is subject to basis risk to the extent oil and natural gas liquids prices do not remain highly correlated. Sustained low natural gas prices, and volatile commodity prices in general, could have a material adverse effect on our financial position, results of operations and cash flows, which could adversely impact our ability to comply with financial covenants under our credit facilities and further limit our ability to fund our planned capital expenditures. In addition, sustained low commodity prices could result in a reduction in the estimated quantity of proved reserves we report and in the estimated future net cash flows expected to be generated from reserves that may require us to write down the carrying value of our natural gas and oil properties, and such amounts could be material.</font></p></div> </div>
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<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>4.</b></font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Contingencies and Commitments </b></font></p></td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Contingencies </b></font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Litigation </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">On February 25, 2009, a putative class action was filed in the U.S. District Court for the Southern District of New York against the Company and certain of its officers and directors along with certain underwriters of the Company's July 2008 common stock offering. Following the appointment of a lead plaintiff and counsel, the plaintiff filed an amended complaint on September 11, 2009 alleging that the registration statement for the offering contained material misstatements and omissions and seeking damages under Sections 11, 12 and 15 of the Securities Act of 1933 of an unspecified amount and rescission. The action was transferred to the U.S. District Court for the Western District of Oklahoma on October 13, 2009. On September 2, 2010, the court denied the defendants' motion to dismiss, and the court certified the class on March 30, 2012. Defendants moved for summary judgment on grounds of loss causation and materiality on December 16, 2011. Discovery in the case is proceeding. We are currently unable to assess the probability of loss or estimate a range of potential loss associated with the case. A derivative action was also filed in the District Court of Oklahoma County, Oklahoma on March 10, 2009 against certain current and former directors and officers of the Company asserting breaches of fiduciary duties relating to alleged material omissions in the registration statement for the July 2008 offering. The derivative action was stayed pursuant to stipulation, and on April 20, 2012, plaintiffs filed a motion to lift the stay and permit plaintiffs to file an amended complaint. A second derivative action relating to the July 2008 offering was filed against certain current and former directors and officers of the Company in the U.S. District Court for the Western District of Oklahoma on September 6, 2011. This action also asserts breaches of fiduciary duties with respect to alleged material omissions in the offering registration statement. The Company filed a motion to dismiss the action on November 30, 2011, and plaintiffs filed an Opposition on January 9, 2012. Chesapeake is named as a nominal defendant in both derivative actions. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Three derivative actions were filed in the District Court of Oklahoma County, Oklahoma on April 28, May 7, and May 20, 2009 against the Company's directors alleging, among other things, breaches of fiduciary duties relating to the 2008 compensation of the Company's CEO, Aubrey K. McClendon, and seeking unspecified damages, equitable relief and disgorgement. These three derivative actions were consolidated and a Consolidated Derivative Shareholder Petition naming Chesapeake as a nominal defendant was filed on June 23, 2009. Chesapeake's motion to dismiss was granted on February 26, 2010, and the Oklahoma Court of Civil Appeals affirmed the dismissal on August 26, 2011. The plaintiffs filed a petition for writ of certiorari with the Oklahoma Supreme Court on September 13, 2011. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">On January 30, 2012, the District Court of Oklahoma County, Oklahoma approved a settlement between the parties in the consolidated derivative action, as well as a case on appeal at the Oklahoma Court of Civil Appeals requesting inspection of Company books and records relating to the December 2008 employment agreement with its CEO. The principal terms of the settlement include the rescission of the sale of an antique map collection that occurred in December 2008 between Mr. McClendon and the Company, whereby Mr. McClendon will pay the Company approximately $<font class="_mt">12</font> million plus interest and the Company will reconvey the map collection to Mr. McClendon, and the adoption and/or implementation of a variety of corporate governance measures. The court awarded attorney fees and expenses to plaintiffs' counsel in the amount of $<font class="_mt">3,750,000</font>, that was paid by Chesapeake. Pursuant to the settlement, the consolidated derivative action and books and records action were dismissed with prejudice against all defendants. On February 29, 2012, certain shareholders filed a petition in error with the Oklahoma Supreme Court opposing the terms of the settlement and on March 20, 2012 Chesapeake responded. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">On September 6 and 8, 2011, in separate derivative actions filed in the U.S. District Court for the Western District of Oklahoma against certain of the Company's current and former directors, two shareholders alleged that the Chesapeake board wrongfully refused their demands to investigate purported breaches of fiduciary duties relating to Mr. McClendon's 2008 compensation and, as a result, each of these shareholders asserts he is entitled to seek relief on behalf of the Company. These federal derivative actions were consolidated on December 23, 2011 and on March 14, 2012 were stayed until 30 days after the Supreme Court of Oklahoma resolves the appeal of the settlement of the consolidated derivative action and books and records action. On May 3, 2012, plaintiffs filed a motion to lift the stay and sought leave to file an amended complaint. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">From April 19 to May 3, 2012, <font class="_mt">nine</font> nearly identical shareholder actions were filed in the U.S. District Court for the Western District of Oklahoma against the Company and its directors alleging, among other things, violations of Section 14 of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated thereunder for purported material misstatements in the Company's 2009 and subsequent proxy statements related to Mr. McClendon's participation in the Founder Well Participation Program (FWPP) and breaches of fiduciary duties against the Board for failing to make proper disclosures in the proxy statements. On April 27, 2012, a shareholder derivative action was filed in the District Court of Oklahoma County, Oklahoma setting forth substantially similar claims to those alleged in the federal shareholder actions. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"> </p><font style="font-family: ARIAL;" class="_mt" size="2">On April 26, 2012, a putative class action was filed in the U.S. District Court for the Western District of Oklahoma against the Company and Mr. McClendon alleging violations of Sections 10(b) (and Rule 10b-5 promulgated thereunder) and 20(a) of the Securities Exchange Act of 1934 for purported misstatements concerning Mr. McClendon's participation in the FWPP. The plaintiffs seek class certification, damages of an unspecified amount and attorneys' fees and other costs. </font> <p> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" size="2" class="_mt"><b> </b>On May 1, 2012, the Company announced that its Board of Directors had renegotiated the terms of the Company's FWPP with Mr. McClendon to provide for the early termination of the FWPP on June 30, 2014, 18 months before the end of its current term on December 31, 2015. The FWPP was approved by shareholders for a 10-year term in 2005. In conjunction with Mr. McClendon's employment agreement with the Company, the FWPP provides Mr. McClendon a contractual right to participate and invest as a working interest owner (with up to a <font class="_mt">2.5</font>% working interest) in new wells drilled on the Company's leasehold. Mr. McClendon will receive no compensation of any kind in connection with the early termination of the FWPP. The Board of Directors is conducting an internal review of the financing arrangements between Mr. McClendon (and the entities through which he participates in the FWPP) and any third party that has had or may have a relationship with the Company in any capacity. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">On May 2, 2012, Chesapeake and Mr. McClendon received notice from the Securities and Exchange Commission that its Fort Worth Regional Office has commenced an informal inquiry and requested that the Company and Mr. McClendon retain documents related to the FWPP and certain transactions. The SEC noted in its request that its inquiry should not be construed as an indication that any violation of the federal securities laws has occurred. The Company and Mr. McClendon intend to cooperate with the SEC in responding to its inquiry. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">On May 8, 2012, a derivative action was filed in the District Court of Oklahoma County, Oklahoma against the Company's directors alleging, among other things, breaches of fiduciary duties and corporate waste related to the Company's officers and directors' use of the Company's fractionally owned corporate jets. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake is also involved in various other lawsuits and disputes incidental to its business operations, including commercial disputes, personal injury claims, claims for underpayment of royalties, property damage claims and contract actions. With regard to the latter, various mineral or leasehold owners have filed lawsuits against us seeking specific performance to require us to acquire their natural gas and oil interests and pay acreage bonus payments, damages based on breach of contract and/or, in certain cases, punitive damages based on alleged fraud. The Company has successfully defended a number of these cases in various courts, has settled others and believes that it has substantial defenses to the claims made in those pending at the trial court and on appeal. Based on management's current assessment, we are of the opinion that no pending or threatened lawsuit or dispute incidental to the Company's business operations is likely to have a material adverse effect on its consolidated financial position, results of operations or cash flows. The final resolution of such matters could exceed amounts accrued, however, and actual results could differ materially from management's estimates. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The Company records an associated liability when a loss is probable and the amount is reasonably estimable. The Company accounts for legal defense costs in the period the costs are incurred. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Environmental Risk </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Due to the nature of the natural gas and oil business, Chesapeake and its subsidiaries are exposed to environmental risks. Chesapeake has implemented various policies and procedures to reduce and mitigate such environmental risks. Chesapeake conducts periodic reviews, on a company-wide basis, to identify changes in our environmental risk profile. These reviews evaluate whether there is a contingent liability, its amount, and the likelihood that the liability will be incurred. The amount of any potential liability is determined by considering, among other matters, incremental direct costs of any likely remediation. We manage our exposure to environmental liabilities on properties to be acquired by identifying existing problems and assessing the potential liability. Depending on the extent of an identified environmental problem, Chesapeake may exclude a property from the acquisition, require the seller to remediate the property to our satisfaction, or agree to assume liability for the remediation of the property. Chesapeake has historically not experienced any significant environmental liability. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">There are presently pending against us orders for compliance issued by the U.S. Environmental Protection Agency (EPA) related to our compliance with Clean Water Act (CWA) permitting requirements in West Virginia, and for four of the sites subject to EPA orders for compliance, we have also received and have responded to a federal grand jury subpoena requesting documents. We understand that the U.S. Department of Justice is investigating possible criminal violations of and liabilities under the CWA with respect to three of the four sites. The CWA provides authority for significant civil and criminal penalties for the placement of fill in a jurisdictional stream or wetland without a permit from the Army Corps of Engineers. CWA civil penalties can be as high as $<font class="_mt">37,500</font> per day, per violation, and possible criminal penalties range from $<font class="_mt">2,500</font> to $<font class="_mt">25,000</font> per day, per violation, for misdemeanor liability (i.e., criminally negligent conduct) and from $<font class="_mt">5,000</font> to $<font class="_mt">50,000</font> per day, per violation, for felony liability (i.e., knowing conduct). While we expect that resolution of the EPA's compliance orders and the DOJ's investigation under the CWA will each include monetary sanctions exceeding $<font class="_mt">100,000</font>, following discussions with the DOJ and EPA, we believe the liability with respect to these matters will not have a material effect on the consolidated financial position, results of operations or cash flow of the Company. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In addition, the West Virginia Department of Environmental Protection (WVDEP) has issued orders for compliance related to alleged violations of the West Virginia Dam Control and Safety Act at four structures constructed for Chesapeake in West Virginia. These orders for compliance have been resolved by a mutual settlement agreement dated April <u>20</u>, 2012 between Chesapeake and the WVDEP. Pursuant to the settlement agreement, Chesapeake agreed to pay a fine of $<font class="_mt">325,000</font> and make a contribution in the amount of $<font class="_mt">125,000</font> to the West Virginia Department of Natural Resources Wildlife Recreation fund for supplemental projects centered on dam safety construction, maintenance, enhancement, or engineering in northwestern West Virginia. </font></p> <p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Commitments </b></font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Rig Leases </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In a series of transactions since 2006, our drilling subsidiaries have sold <font class="_mt">93</font> drilling rigs (net of <font class="_mt">one</font> repurchased rig) and related equipment for $<font class="_mt">802</font> million and entered into master lease agreements under which we agreed to lease the rigs from the buyer for initial terms of <font class="_mt">five</font> to <font class="_mt">ten</font> years. The lease obligations are guaranteed by Chesapeake and certain of its subsidiaries. These transactions were recorded as sales and operating leasebacks and any related net gains are amortized to oilfield services expenses over the lease term. Under the leases, we can exercise an early purchase option or we can purchase the rigs at the expiration of the lease for the fair market value at the time. In addition, in most cases we have the option to renew the lease for negotiated new terms at the expiration of the lease. Commitments related to rig lease payments are not recorded in the accompanying condensed consolidated balance sheets. As of March 31, 2012, the minimum aggregate undiscounted future rig lease payments were approximately $<font class="_mt">423</font> million. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Compressor Leases </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Through various transactions since 2007, our compression subsidiary has sold <font class="_mt">2,542</font> compressors (net of <font class="_mt">six</font> repurchased units), a significant portion of its compressor fleet, for $<font class="_mt">635</font> million and entered into a master lease agreement. The term of the agreement varies by buyer ranging from <font class="_mt">four</font> to <font class="_mt">ten</font> years. The lease obligations are guaranteed by Chesapeake and certain of its subsidiaries. These transactions were recorded as sales and operating leasebacks and any related net gains are amortized to marketing, gathering and compression expenses over the lease term. Under the leases, we can exercise an early purchase option or we can purchase the compressors at the expiration of the lease for the fair market value at the time. In addition, in most cases we have the option to renew the lease for negotiated new terms at the expiration of the lease. Commitments related to compressor lease payments are not recorded in the accompanying condensed consolidated balance sheets. As of March 31, 2012, the minimum aggregate undiscounted future compressor lease payments were approximately $<font class="_mt">466</font> million. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Gathering, Processing and Transportation Agreements </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We have contractual commitments with midstream service companies and pipeline carriers, including our equity affiliate CHKM, for future gathering, processing and transportation of natural gas and liquids to move certain of our production to market. Working interest owners will be responsible for their proportionate share of these costs under joint operating agreements. Commitments related to gathering, processing and transportation agreements are not recorded in the accompanying condensed consolidated balance sheets. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The aggregate undiscounted commitments under our gathering, processing and transportation agreements, excluding any reimbursement from working interest owners, are presented below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="87%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">754</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2013</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2014</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,203</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2015</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2016</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,355</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">2017 - 2099</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,848</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13,606</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Drilling Contracts </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake has contracts with various drilling contractors to lease approximately <font class="_mt">51</font> rigs with terms ranging from <font class="_mt">two</font> months to <font class="_mt">three</font> years. These commitments are not recorded in the accompanying condensed consolidated balance sheets. As of March 31, 2012, the aggregate undiscounted minimum future drilling rig commitment was approximately $<font class="_mt">351</font> million. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Drilling Obligations </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In December 2011, as part of our Utica joint venture development agreement with Total, we committed to spud no less than <font class="_mt">90</font> cumulative Utica wells by December 31, 2012, <font class="_mt">270</font> cumulative wells by December 31, 2013 and <font class="_mt">540</font> cumulative wells by December 31, 2014. <font class="_mt">If we fail to meet the drilling commitment at any such year end for any reason other than a force majeure event, the drilling carry percentage used to determine our promoted well reimbursement will be reduced from <font class="_mt">60</font>% to <font class="_mt">45</font>% for a number of wells drilled in the following calendar year equal to the number of wells we were short the drilling commitment.</font> This reduction will not affect the total carry to be received. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We have also committed to drill wells in conjunction with our Utica and Cleveland Tonkawa financial transactions and in conjunction with the formation of the Chesapeake Granite Wash Trust. See Note 6 for discussion of these transactions and commitments. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Natural Gas and Oil Purchase Obligations </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our marketing segment regularly commits to purchase natural gas from other owners in our properties and such commitments typically are short term in nature. We have also committed to purchase any natural gas and oil associated with our volumetric production payment transactions. The purchase commitments are based on market prices at the time of production, and the purchased natural gas and oil is resold. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Net Acreage Maintenance Commitments </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i> </i>Under the terms of our joint venture agreements with Statoil and Total (see Note 8), we are required to extend, renew or replace certain expiring joint leasehold, at our cost, to ensure that the net acreage is maintained in certain designated areas.<i> </i></font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Other Commitments </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In April 2011, we entered into a master frac service agreement with our equity affiliate, FTS International, Inc. (FTS), which expires on December 31, 2014. Pursuant to this agreement, we are committed to enter into a predetermined number of backstop contracts if utilization of FTS fleets falls below a certain level. We have guaranteed a gross profit margin of <font class="_mt">10</font>% to FTS on such backstop contracts. To date, we have not entered into any backstop contracts, and since we use fracing services continuously, we do not anticipate any material payments under this commitment.</font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In July 2011, we agreed to invest $<font class="_mt">150</font> million in newly issued convertible promissory notes of Clean Energy Fuels Corp. (Nasdaq:CLNE), based in Seal Beach, California. The investment is being made in three equal $<font class="_mt">50</font> million promissory notes, the first of which was issued on July 11, 2011, with the remaining notes scheduled to be issued in June 2012 and June 2013. The notes bear interest at the annual rate of <font class="_mt">7.5</font>%, payable quarterly, and are convertible at our option into shares of Clean Energy's common stock at a <font class="_mt">22.5</font>% conversion premium, resulting in a conversion price of $<font class="_mt">15.80</font> per share. See Note 9 for further discussion of this investment. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In July 2011, we agreed to invest $<font class="_mt">155</font> million in preferred equity securities of Sundrop Fuels, Inc., a privately held cellulosic biofuels company based in Louisville, Colorado. The first $<font class="_mt">35</font> million tranche of our investment was funded in July 2011 and the remaining tranches of preferred equity investment will be scheduled around certain funding and operational milestones that are expected to be reached by July 2013. See Note 9 for further discussion of this investment. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In December 2011, we sold Appalachia Midstream Services, L.L.C., a wholly owned subsidiary of CMD, to our equity affiliate, CHKM, for total consideration of $<font class="_mt">879</font> million, subject to a customary post-closing working capital adjustment. In addition, CMD has committed to pay CHKM for any quarterly shortfall between the actual adjusted EBITDA from the assets sold and specified quarterly targets, which total $<font class="_mt">100</font> million in 2012 and $<font class="_mt">150</font> million in 2013. We recorded this guarantee at an estimated fair value of $<font class="_mt">27</font> million at the time of the sale. It is included in other current and non-current liabilities on our consolidated balance sheet as of March 31, 2012. We will release this liability over the two-year term of the guarantee if the assets are meeting the specific quarterly targets. To the extent we are required to make payments under the guarantee, we will record the differences between the liability and the associated payments in earnings. No payment was required for the Current Quarter. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In conjunction with CMD's investments in the newly formed entities Utica East Ohio Midstream LLC, Cardinal Gas Services LLC, and Ranch Westex JV, LLC, as of March 31, 2012, CMD has committed to make capital contributions to these entities for a total of approximately $<font class="_mt">575</font> million over the next two years. See Notes 9 and 10 for further discussion of these investments. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In conjunction with an acceleration of the remaining drilling carry owed us by Total in our Barnett Shale joint venture, we agreed to maintain our operated rig count at no less than <font class="_mt">six</font> rigs in the Barnett Shale through December 31, 2012. In May 2012, Chesapeake and Total agreed to reduce the minimum rig count from <font class="_mt">six</font> to <font class="_mt">two</font> rigs. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As part of our normal course of business, we enter into various agreements providing, or otherwise arranging, financial or performance assurances to third parties on behalf of our consolidated subsidiaries. These agreements may include future payment obligations or commitments regarding operational performance that effectively guarantees our subsidiaries' future performance. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In connection with our purchase and sale agreements, we have frequently provided for indemnification to the counterparty for liabilities incurred as a result of a breach of a representation or warranty by the indemnifying party or in regards to perfecting title to property. These indemnifications generally have a discrete term and are intended to protect the parties against the risks that are difficult to predict or cannot be quantified at the time of the consummation of a particular transaction. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Certain of our natural gas and oil properties are burdened by non-operating interests such as royalties, overriding royalties and volumetric production payments. As the holder of the working interest from which such interests have been carved, we have the responsibility to bear the cost of developing and producing the reserves attributable to such interests. </font></p> </div>
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<div> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>13. Condensed Consolidating Financial Information </b></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake Energy Corporation is a holding company and owns no operating assets and has no significant operations independent of its subsidiaries. Our obligations under our outstanding senior notes and contingent convertible senior notes listed in Note 3 are fully and unconditionally guaranteed, jointly and severally, by certain of our wholly owned subsidiaries on a senior unsecured basis. Our midstream and oilfield services subsidiaries, CMD and COS, respectively, and their subsidiaries, are not guarantors of our senior notes and corporate credit facility but are subject to the covenants and guarantees in their respective revolving bank credit facility agreements referred to in Note 6 that restrict them from paying dividends or distributions or making loans to Chesapeake. COS and its subsidiaries were released as guarantors of our senior notes and corporate credit facility in October 2011 when they were formally reorganized and capitalized. All prior year information has been restated to reflect COS and its subsidiaries as non-guarantor subsidiaries. In addition, CHK Utica, CHK C-T, Chesapeake Granite Wash Trust and certain de minimis subsidiaries are also non-guarantors. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Set forth below are condensed consolidating financial statements for Chesapeake Energy Corporation (parent) on a stand-alone, unconsolidated basis, and its combined guarantor and combined non-guarantor subsidiaries as of March 31, 2012 and December 31, 2011 and for the three months ended March 31, 2012 and 2011. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the subsidiaries operated as independent entities. </font></p> <div class="MetaData"> <p style="margin-top: 12px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING BALANCE SHEET </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>AS OF MARCH 31, 2012 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="45%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">XXXXX.X</font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">437</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">438</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,272</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">640</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(428</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,486</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,273</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,077</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(428</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,924</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>PROPERTY AND EQUIPMENT:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil properties, at cost based on full cost accounting, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31,065</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,982</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(522</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">33,525</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other property and equipment at cost, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,012</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,091</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Property and Equipment, Net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34,077</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,064</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(525</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,616</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,058</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,180</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,049</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments in subsidiaries and intercompany advances</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">622</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,908</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL ASSETS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,030</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,321</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45,589</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Current liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">225</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,209</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">652</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(422</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,664</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany payable to (receivable from) parent</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(23,256</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21,298</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,180</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(222</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(23,031</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27,507</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,832</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(644</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,664</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term debt, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9,540</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,462</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,080</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Deferred income tax liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">413</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,383</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">497</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(309</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,984</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">23</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,392</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">927</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,965</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Long-Term Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9,976</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,237</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,504</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(686</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20,031</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>EQUITY:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake stockholders' equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">622</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,908</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,363</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,363</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,985</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,908</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">18,894</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL LIABILITIES AND EQUITY</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,030</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,321</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45,589</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING BALANCE SHEET </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>AS OF DECEMBER 31, 2011 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="40%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent(a)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries(a)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">350</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,664</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">418</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(257</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,826</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,665</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">768</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(257</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>PROPERTY AND EQUIPMENT:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil properties, at cost, based on full cost accounting, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">29,659</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,017</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31,200</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other property and equipment at cost, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,831</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,539</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Property and Equipment, Net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">32,490</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,725</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(476</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">36,739</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM ASSETS:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">161</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,004</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,131</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,919</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments in subsidiaries and intercompany advances</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">819</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL ASSETS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,446</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">36,978</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41,835</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CURRENT LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Current liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">288</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,509</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">543</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(258</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany payable to (receivable from) parent</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(22,139</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20,283</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,045</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(189</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Current Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(21,851</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">26,792</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,588</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(447</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>LONG-TERM LIABILITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term debt, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,226</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">681</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10,626</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Deferred income tax liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">409</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,897</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">464</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,484</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,286</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">735</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(377</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,682</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Long-Term Liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8,673</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,902</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,880</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(663</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,792</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>EQUITY:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake stockholders' equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">819</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,337</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,337</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Equity</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,156</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">17,961</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>TOTAL LIABILITIES AND EQUITY</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,446</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">36,978</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6,624</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41,835</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <p><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font> <font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">We have revised the amounts presented as long-term debt in the Guarantor Subsidiaries and Parent columns to properly reflect the long-term debt issued by the Parent of $<font class="_mt">8.2</font> billion, which was incorrectly presented as long-term debt attributable to the Guarantors subsidiaries as of December 31, 2011. The impact of this error was not material to the prior period December 31, 2011 financial statements.</font></font> </font></p></div> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2012 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="49%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>REVENUES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,044</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,201</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,216</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">447</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(312</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">135</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,245</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">514</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(340</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,419</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OPERATING EXPENSES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil production</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">348</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">349</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Production taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">47</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,197</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">353</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(258</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">96</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">General and administrative</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">26</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">136</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil depreciation, depletion and amortization</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">492</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">506</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Depreciation and amortization of other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">72</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">84</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains on sales of fixed assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Operating Expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,229</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">493</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(309</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,413</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) FROM OPERATIONS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OTHER INCOME (EXPENSE):</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(161</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">169</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(12</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Earnings (losses) on investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(30</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Losses on purchases or exchanges of debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other income</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">163</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(199</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity in net earnings of subsidiary</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Other Income (Expense)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(23</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(11</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) BEFORE INCOME TAXES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(33</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME TAX EXPENSE (BENEFIT)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>NET INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other comprehensive income (loss), net of income tax</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net income attributable to noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 24px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2011 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="49%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>REVENUES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">991</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,017</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">248</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(147</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,485</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">303</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(176</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OPERATING EXPENSES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil production</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">238</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Production taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">968</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">985</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(105</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">77</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">General and administrative</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">114</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil depreciation, depletion and amortization</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">358</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">358</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Depreciation and amortization of other assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">68</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">(Gains) losses on sales of fixed assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Operating Expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,768</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">273</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(145</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,896</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) FROM OPERATIONS</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(283</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>OTHER INCOME (EXPENSE):</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(183</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Earnings on investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">19</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Losses on purchases or</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">exchanges of debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other income</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(179</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity in net earnings of subsidiary</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(157</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">150</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Other Income (Expense)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(165</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">148</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME (LOSS) BEFORE INCOME TAXES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(165</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(262</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">44</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">117</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(266</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>INCOME TAX EXPENSE (BENEFIT)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(105</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">17</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(13</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(104</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>NET INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(157</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other comprehensive income (loss), net of income tax</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(11</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(33</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(44</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS)</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(173</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(190</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(206</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net income attributable to noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(173</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(190</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(206</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table></div> <p style="margin-top: 24px; margin-bottom: 0px; font-size: 1px;"> </p> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2012 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="46%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM OPERATING ACTIVITIES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,313</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">48</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,087</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">274</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM INVESTING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,520</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(189</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,709</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from divestitures of proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">821</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">821</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to other property and equipment</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(228</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(461</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(690</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(231</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(36</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">195</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(72</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash used in investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,158</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(686</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">194</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,650</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM FINANCING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,945</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">743</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,688</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Payments on credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,203</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(343</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(4,546</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from issuance of senior notes, net of offering costs</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,263</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,263</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash paid to purchase debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from sales of noncontrolling interests</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,044</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,044</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(131</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(724</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">893</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany advances, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,132</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,127</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash provided by financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,845</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">725</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">893</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,463</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net increase (decrease) in cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, beginning of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">350</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, end of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">437</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">438</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 24px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>THREE MONTHS ENDED MARCH 31, 2011 </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions) </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="46%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b>XXXXX.X</b></font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Parent</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-<br />Guarantor<br />Subsidiaries</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM OPERATING ACTIVITIES</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">842</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(225</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">718</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM INVESTING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,950</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,950</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from divestitures of proved and unproved properties</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5,182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Additions to other property and equipment</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(95</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(328</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(431</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">374</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">60</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">425</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash provided by investing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,128</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">52</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,226</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>CASH FLOWS FROM FINANCING ACTIVITIES:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,202</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">415</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,617</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Payments on credit facilities borrowings</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(6,814</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(509</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(7,323</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Proceeds from issuance of senior notes, net of offering costs</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">977</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">977</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash paid to purchase debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(128</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(128</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(120</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">758</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(89</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">111</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intercompany advances, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(729</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">667</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash provided by (used in) financing activities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,187</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(183</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">173</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,197</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net increase (decrease) in cash and cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">783</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(36</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">747</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, beginning of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">102</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash and cash equivalents, end of period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">785</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">64</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">849</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table></div> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> </div>
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<div> <div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Principles of Consolidation </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The accompanying unaudited condensed consolidated financial statements of Chesapeake Energy Corporation ("Chesapeake" or the "Company") and its subsidiaries have been prepared in accordance with the instructions to Form 10-Q as prescribed by the Securities and Exchange Commission (SEC). Chesapeake's annual report on Form 10-K for the year ended December 31, 2011 (2011 Form 10-K) includes certain definitions and a summary of significant accounting policies and should be read in conjunction with this Form 10-Q. All material adjustments (consisting solely of normal recurring adjustments) which, in the opinion of management, are necessary for a fair statement of the results for the interim periods have been reflected. The accompanying condensed consolidated financial statements of Chesapeake include the accounts of our direct and indirect wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The results for the three months ended March 31, 2012 are not necessarily indicative of the results to be expected for the full year. This Form 10-Q relates to the three months ended March 31, 2012 (the "Current Quarter") and the three months ended March 31, 2011 (the "Prior Quarter"). </font></p></div> </div>
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<us-gaap:ConversionOfStockSharesConverted1 contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_FourPointFiveZeroPercentageCumulativeConvertiblePreferredStockMember" decimals="-3" unitRef="Unit19"> 2559000 </us-gaap:ConversionOfStockSharesConverted1>
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<us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 6000000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
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<us-gaap:DebtDisclosureTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>3.</b></font> </td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Debt</b></font> </p></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our long-term debt consisted of the following at March 31, 2012 and December 31, 2011:</font> </p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="74%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    March 31,    <br />2012</b></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">7.625</font></font>% senior notes due <font class="_mt">2013</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">464</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">464</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">9.5</font></font>% senior notes due <font class="_mt">2015</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,265</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,265</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.25</font></font>% euro-denominated senior notes due <font class="_mt">2017</font></font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">459</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">446</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.5</font></font>% senior notes due <font class="_mt">2017</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.875</font></font>% senior notes due <font class="_mt">2018</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">474</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">474</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">7.25</font></font>% senior notes due <font class="_mt">2018</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">669</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">669</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.625</font></font>% senior notes due <font class="_mt">2019</font></font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">650</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">650</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.775</font></font>% senior notes due <font class="_mt">2019</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,300</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.625</font></font>% senior notes due <font class="_mt">2020</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,300</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,300</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.875</font></font>% senior notes due <font class="_mt">2020</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">500</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">500</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">6.125</font></font>% senior notes due <font class="_mt">2021</font></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,000</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,000</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">2.75</font></font>% contingent convertible senior notes due <font class="_mt">2035</font></font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">396</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">396</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">2.5</font></font>% contingent convertible senior notes due <font class="_mt">2037</font></font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,168</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,168</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">2.25</font></font>% contingent convertible senior notes due <font class="_mt">2038</font></font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">347</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">347</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Corporate revolving bank credit facility</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,462</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,719</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Midstream revolving bank credit facility</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">258</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services revolving bank credit facility</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">172</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">29</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Discount on senior notes</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(487</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(490</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate derivatives</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(e)</sup></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">28</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td>  </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td>  </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total long-term debt, net</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13,082</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10,626</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td>  </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td>  </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <div class="MetaData"> <p align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font>  <font style="font-family: ARIAL;" class="_mt" size="2">The principal amount shown is based on the exchange rate of $<font class="_mt">1.3334</font> to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font> 1.00 and $<font class="_mt">1.2973</font> to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font> 1.00 as of March 31, 2012 and December 31, 2011, respectively. See Note 7 for information on our related foreign currency derivatives.</font> </p></div> <div class="MetaData"> <p align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font>  <font style="font-family: ARIAL;" class="_mt" size="2">Issuers are Chesapeake Oilfield Operating, L.L.C. (COO) and Chesapeake Oilfield Finance, Inc. (COF), a wholly owned subsidiary of COO formed solely to facilitate the offering of the 6.625% Senior Notes due 2019. COF is nominally capitalized and has no operations or revenues. Chesapeake Energy Corporation is the issuer of all other senior notes and the contingent convertible senior notes.</font> </p></div> <div class="MetaData"> <p align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)  The holders of our contingent convertible senior notes may require us to repurchase, in cash, all or a portion of their notes at <font class="_mt">100</font>% of the principal amount of the notes on any of four dates that are five, ten, fifteen and twenty years before the maturity date. The notes are convertible, at the holder's option, prior to maturity under certain circumstances into cash and, if applicable, shares of our common stock using a net share settlement process. One such triggering circumstance is when the price of our common stock exceeds a threshold amount during a specified period in a fiscal quarter. Convertibility based on common stock price is measured quarter by quarter. In the first quarter of 2012, the price of our common stock was below the threshold level for each series of the contingent convertible senior notes during the specified period and, as a result, the holders do not have the option to convert their notes into cash and common stock in the second quarter of 2012 under this provision. The notes are also convertible, at the holder's option, during specified five-day periods if the trading price of the notes is below certain levels determined by reference to the trading price of our common stock. In general, upon conversion of a contingent convertible senior note, the holder will receive cash equal to the principal amount of the note and common stock for the note's conversion value in excess of such principal amount. We will pay contingent interest on the convertible senior notes after they have been outstanding at least ten years, under certain conditions. We may redeem the convertible senior notes once they have been outstanding for<font class="_mt">ten</font> years at a redemption price of <font class="_mt">100</font>% of the principal amount of the notes, payable in cash. The optional repurchase dates, the common stock price conversion threshold amounts and the ending date of the first six-month period in which contingent interest may be payable for the contingent convertible senior notes are as follows:</font> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Contingent<br />Convertible<br />Senior Notes</b></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Repurchase Dates</b></font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Common Stock<br />Price Conversion<br />Thresholds</b></font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Contingent Interest<br />First Payable</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>(if applicable)</b></font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt">2.75</font>% due 2035</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  November 15, 2015, 2020, 2025, 2030</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">        48.51</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">    May 14, 2016</font> </td></tr> <tr><td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt">2.5</font>% due <font class="_mt">2037</font></font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  May 15, 2017, 2022, 2027, 2032</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">        64.16</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">    November 14, 2017</font> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt">2.25</font>% due <font class="_mt">2038</font></font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  December 15, 2018, 2023, 2028, 2033</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font> </td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">107.27</font> </td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">    June 14, 2019</font> </td></tr></table></div> <div class="MetaData"> <p align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font>  <font style="font-family: ARIAL;" class="_mt" size="2">Discount at March 31, 2012 and December 31, 2011 included $<font class="_mt">427</font> million and $<font class="_mt">444</font> million, respectively, associated with the equity component of our contingent convertible senior notes. This discount is based on an effective yield method.</font> </p></div> <div class="MetaData"> <p align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(e)</font>  <font style="font-family: ARIAL;" class="_mt" size="2">See Note 7 for further discussion related to these instruments.</font> </p></div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Chesapeake Senior Notes and Contingent Convertible Senior Notes</i></font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The Chesapeake senior notes and the contingent convertible senior notes are unsecured senior obligations of Chesapeake and rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and rank senior in right of payment to all of our future subordinated indebtedness. Chesapeake is a holding company and owns no operating assets and has no significant operations independent of its subsidiaries. Chesapeake's obligations under the senior notes and the contingent convertible senior notes are jointly and severally, fully and unconditionally guaranteed by certain of our wholly owned subsidiaries. Chesapeake Midstream Development, L.P. (CMD) and its subsidiaries, Chesapeake Oilfield Services, L.L.C. (COS) and its subsidiaries, CHK Utica, L.L.C., CHK Cleveland Tonkawa, L.L.C., Chesapeake Granite Wash Trust and certain de minimis subsidiaries are not guarantors. See Note 13 for condensed consolidating financial information regarding our guarantor and non-guarantor subsidiaries. We may redeem the senior notes, other than the contingent convertible senior notes, at any time at specified make-whole or redemption prices. Our senior notes are governed by indentures containing covenants that may limit our ability and our subsidiaries' ability to incur certain secured indebtedness, enter into sale/leaseback transactions, and consolidate, merge or transfer assets. The indentures governing the contingent convertible senior notes do not have any financial or restricted payment covenants.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We are required to account for the liability and equity components of our convertible debt instruments separately and to reflect interest expense at the interest rate of similar nonconvertible debt at the time of issuance. These rates for our 2.75% Contingent Convertible Senior Notes due 2035, our 2.5% Contingent Convertible Senior Notes due 2037 and our 2.25% Contingent Convertible Senior Notes due 2038 are <font class="_mt">6.86</font>%, <font class="_mt">8.0</font>% and <font class="_mt">8.0</font>%, respectively.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Current Quarter, we issued $<font class="_mt">1.3</font> billion of 6.775% Senior Notes due 2019 in a registered public offering. We used the net proceeds of $<font class="_mt">1.263</font> billion from the offering to repay indebtedness outstanding under our corporate revolving bank credit facility. At any time from and including November 15, 2012 to and including March 15, 2013, we may redeem some or all of the notes at a redemption price equal to <font class="_mt">100</font>% of the principal amount of the notes plus accrued and unpaid interest, if any, to the redemption date; provided that upon any redemption of the notes in part (and not in whole) pursuant to this redemption provision, at least $<font class="_mt">250</font> million aggregate principal amount of the notes remains outstanding.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Prior Quarter, we issued $<font class="_mt">1.0</font> billion of 6.125% Senior Notes due <font class="_mt">2021</font> in a registered public offering. We used the net proceeds of $<font class="_mt">977</font> million from the offering to repay indebtedness outstanding under our corporate revolving bank credit facility.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Prior Quarter, we purchased $<font class="_mt">140</font> million in aggregate principal amount of our 2.25% Contingent Convertible Senior Notes due 2038 for approximately $<font class="_mt">128</font> million. Associated with these purchases, we recognized a loss of $<font class="_mt">2</font> million.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">No scheduled principal payments are required under our senior notes until July 2013 when $<font class="_mt">464</font> million is due.</font> </p> <p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>COO Senior Notes</i></font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In October 2011, our wholly owned subsidiaries, Chesapeake Oilfield Operating, L.L.C. (COO) and Chesapeake Oilfield Finance, Inc. issued $<font class="_mt">650</font> million principal amount of 6.625% Senior Notes due 2019 in a private placement. COO used the net proceeds of approximately $<font class="_mt">637</font> million from the placement to make a cash distribution to its direct parent, COS, to enable it to reduce indebtedness under an intercompany note with Chesapeake. Chesapeake then used the cash distribution to reduce indebtedness under its corporate revolving bank credit facility.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The COO senior notes are the unsecured senior obligations of COO and rank equally in right of payment with all of COO's other existing and future senior unsecured indebtedness and rank senior in right of payment to all of its future subordinated indebtedness. The COO senior notes are jointly and severally, fully and unconditionally guaranteed by all of COO's wholly owned subsidiaries, other than de minimis subsidiaries. The notes may be redeemed at any time at specified make-whole or redemption prices and, prior to November 15, 2014, up to <font class="_mt">35</font>% of the aggregate principal amount may be redeemed in connection with certain equity offerings. Holders of the COO notes have the right to require COO to repurchase their notes upon a change of control on the terms set forth in the indenture, and COO must offer to repurchase the notes upon certain asset sales. The COO senior notes are subject to covenants that may, among other things, limit the ability of COO and its subsidiaries to make restricted payments, incur indebtedness, issue preferred stock, create liens, and consolidate, merge or transfer assets.</font> </p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Bank Credit Facilities</i></font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We utilize three revolving bank credit facilities, described below, as sources of liquidity.</font> </p> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="58%"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 93pt;"> </td> <td> </td> <td> </td> <td style="width: 93pt;"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 90pt;"> </td> <td> </td> <td> </td> <td style="width: 90pt;"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 129pt;"> </td> <td> </td> <td> </td> <td style="width: 129pt;"> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Corporate<br />Credit<br />Facility<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font> </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Midstream<br />Credit<br />Facility<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Oilfield<br />Services<br />Credit<br />Facility<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font> </b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Facility structure</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Senior secured<br />revolving</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Senior secured<br />revolving</font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Senior secured<br />revolving</font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Maturity date</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">December 2015</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">June 2016</font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">November 2016</font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Borrowing capacity</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$     4,000</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$        600</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$        500</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(e)</sup></font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Amount outstanding as of March 31, 2012</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$     2,462</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          258</font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          172</font> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Letters of credit outstanding as of March 31, 2012</font> </p></td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          25</font> </td> <td valign="bottom"><font class="_mt" size="1">  </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          —  </font> </td> <td valign="bottom"><font class="_mt" size="1"> </font> </td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$          —  </font> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Borrower is Chesapeake Exploration, L.L.C.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Borrower is Chesapeake Midstream Operating, L.L.C.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Borrower is Chesapeake Oilfield Operating, L.L.C.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We estimate the capacity was limited to approximately $<font class="_mt">370</font> million as of March 31, 2012 by certain restrictive provisions.</font> </p></td></tr> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(e)</font> </td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We estimate the capacity was limited to approximately $<font class="_mt">450</font> million as of March 31, 2012 by certain restrictive provisions.</font> </p></td></tr></table></div> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our corporate and oilfield services credit facilities do not contain material adverse change or adequate assurance covenants. Although the applicable interest rates under our corporate credit facility fluctuate slightly based on our long-term senior unsecured credit ratings, our credit facilities do not contain provisions which would trigger an acceleration of amounts due under the respective facilities or a requirement to post additional collateral in the event of a downgrade of our credit ratings.</font> </p> <p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Corporate Credit Facility</i></font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our $<font class="_mt">4.0</font> billion syndicated revolving bank credit facility is used for general corporate purposes. Borrowings under the facility are secured by <font class="_mt">natural gas and oil proved reserves and bear interest at our option at either (i) the greater of the reference rate of Union Bank, N.A. or the federal funds effective rate plus <font class="_mt">0.50</font>%, both of which are subject to a margin that varies from <font class="_mt">0.50</font>% to <font class="_mt">1.25</font>% per annum according to our senior unsecured long-term debt ratings, or (ii) the Eurodollar rate, which is based on the London Interbank Offered Rate (LIBOR), plus a margin that varies from <font class="_mt">1.50</font>% to <font class="_mt">2.25</font>% per annum according to our senior unsecured long-term debt ratings.</font> The collateral value and borrowing base are determined periodically. The unused portion of the facility is subject to a commitment fee of <font class="_mt">0.50</font>% per annum. Interest is payable quarterly or, if LIBOR applies, it may be payable at more frequent intervals.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The credit facility agreement contains various covenants and restrictive provisions which limit our ability to incur additional indebtedness, make investments or loans and create liens and require us to maintain an indebtedness to total capitalization ratio and an indebtedness to EBITDA ratio, in each case as defined in the agreement. We were in compliance with all covenants under the agreement at March 31, 2012. If we should fail to perform our obligations under these and other covenants, the revolving credit commitment could be terminated and any outstanding borrowings under the facility could be declared immediately due and payable. Such acceleration, if involving a principal amount of $<font class="_mt">50</font> million or more, would constitute an event of default under our senior note indentures, which could in turn result in the acceleration of a significant portion of our senior note indebtedness. The credit facility agreement also has cross default provisions that apply to other indebtedness of Chesapeake and its restricted subsidiaries with an outstanding principal amount in excess of $<font class="_mt">125</font> million.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The facility is fully and unconditionally guaranteed, on a joint and several basis, by Chesapeake and certain of our wholly owned subsidiaries.</font> </p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Midstream Credit Facility</i></font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our $<font class="_mt">600</font> million midstream syndicated revolving bank credit facility is used to fund capital expenditures to build natural gas gathering and other systems in support of our drilling program and for general corporate purposes associated with our midstream operations. Borrowings under the midstream credit facility are secured by <font class="_mt">all of the assets, other than certain joint venture equity interests, of the wholly owned subsidiaries (the restricted subsidiaries) of CMD, itself a wholly owned subsidiary of Chesapeake. Amounts outstanding bear interest at our option at either (i) the greater of the reference rate of Wells Fargo Bank, National Association, the federal funds effective rate plus <font class="_mt">0.50</font>%, and the one-month LIBOR plus <font class="_mt">1.00</font>%, all of which are subject to a margin that varies from <font class="_mt">1.00</font>% to <font class="_mt">1.75</font>% or (ii) the Eurodollar rate, which is based on the LIBOR plus a margin that varies from <font class="_mt">2.00</font>% to <font class="_mt">2.75</font>% per annum. The unused portion of the facility is subject to a commitment fee that varies from <font class="_mt">0.375</font>% to <font class="_mt">0.50</font>% per annum. Both margins and commitment fees are determined according to the most recent leverage ratio</font> described below. Interest is payable quarterly or, if LIBOR applies, it may be payable at more frequent intervals.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The midstream credit facility agreement contains various covenants and restrictive provisions which limit the ability of CMD and its restricted subsidiaries to incur additional indebtedness, make investments or loans and create liens. The agreement requires maintenance of a leverage ratio based on the ratio of indebtedness to EBITDA and an interest coverage ratio based on the ratio of EBITDA to interest expense, in each case as defined in the agreement. The leverage ratio increases during any three-quarter period, beginning in the quarter in which CMD makes a material disposition of assets to our midstream master limited partnership affiliate, Chesapeake Midstream Partners, L.P. (CHKM). In December 2011, the leverage ratio increased for a three-fiscal-quarter period beginning October 1, 2011 due to the sale of CMD's wholly owned subsidiary, Appalachia Midstream Services, L.L.C. (AMS), as it was classified as a material disposition of assets. As a result, the capacity of the midstream credit facility was limited to approximately $370 million as of March 31, 2012. We were in compliance with all covenants under the agreement at March 31, 2012. If CMD or its restricted subsidiaries should fail to perform their obligations under these and other covenants, the revolving credit commitment could be terminated and any outstanding borrowings under the facility could be declared immediately due and payable. The midstream credit facility agreement also has cross default provisions that apply to other indebtedness CMD and its restricted subsidiaries may have from time to time with an outstanding principal amount in excess of $<font class="_mt">15</font> million.</font> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Oilfield Services Credit Facility</i></font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our $<font class="_mt">500</font> million oilfield services syndicated revolving bank credit facility is used to fund capital expenditures and for general corporate purposes associated with our oilfield services operations. Borrowings under the oilfield services credit facility are secured by all of the assets of the wholly owned subsidiaries of COO, itself a wholly owned subsidiary of Chesapeake. The facility has initial commitments of $<font class="_mt">500</font> million and may be expanded to $<font class="_mt">900</font> million at COO's option, subject to additional bank participation. Borrowings under the credit facility are secured by <font class="_mt">all of the equity interests and assets of COO and its wholly owned subsidiaries (the restricted subsidiaries), and bear interest at our option at either (i) the greater of the reference rate of Bank of America, N.A., the federal funds effective rate plus <font class="_mt">0.50</font>%, and one-month LIBOR plus <font class="_mt">1.00</font>%, all of which are subject to a margin that varies from <font class="_mt">1.00</font>% to <font class="_mt">1.75</font>% per annum, or (ii) the Eurodollar rate, which is based on LIBOR plus a margin that varies from <font class="_mt">2.00</font>% to <font class="_mt">2.75</font>% per annum. The unused portion of the credit facility is subject to a commitment fee that varies from <font class="_mt">0.375</font>% to <font class="_mt">0.50</font>% per annum. Both margins and commitment fees are determined according to the most recent leverage ratio</font> described below. Interest is payable quarterly or, if LIBOR applies, it may be payable at more frequent intervals.</font> </p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The oilfield services credit facility agreement contains various covenants and restrictive provisions which limit the ability of COO and its restricted subsidiaries to incur additional indebtedness, make investments or loans and create liens. The agreement requires maintenance of a leverage ratio based on the ratio of lease adjusted indebtedness to EBITDAR, a senior secured leverage ratio based on the ratio of secured indebtedness to EBITDA and a fixed charge coverage ratio based on the ratio of lease adjusted interest expense to EBITDAR, in each case as defined in the agreement. As a result of those covenants, the capacity of the oilfield services credit facility was limited to approximately $450 million as of March 31, 2012. We were in compliance with all covenants under the agreement at March 31, 2012. If COO or its restricted subsidiaries should fail to perform their obligations under these and other covenants, the revolving credit commitment could be terminated and any outstanding borrowings under the facility <font class="_mt">could be declared immediately due and payable. The oilfield services credit facility agreement also has cross default provisions that apply to other indebtedness COO and its restricted subsidiaries may have from time to time with an outstanding principal amount in excess of $<font class="_mt">15</font> million.</font></font> </p> </div>
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<us-gaap:DebtInstrumentCarryingAmount contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember" decimals="-6" id="Item-0098" unitRef="Unit1"> 396000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentCarryingAmount contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="-6" id="Item-0102" unitRef="Unit1"> 347000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentCarryingAmount contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_us-gaap_InterestRateContractMember" decimals="-6" id="Item-0106" unitRef="Unit1"> 25000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentCarryingAmount contextRef="As_Of_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="-6" unitRef="Unit1"> 125000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentConvertibleConversionPrice1 contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="2" unitRef="Unit17"> 15.80 </us-gaap:DebtInstrumentConvertibleConversionPrice1>
<us-gaap:DebtInstrumentConvertibleEffectiveInterestRate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtySevenMember" decimals="3" unitRef="Unit13"> 0.080 </us-gaap:DebtInstrumentConvertibleEffectiveInterestRate>
<us-gaap:DebtInstrumentConvertibleEffectiveInterestRate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember" decimals="4" unitRef="Unit13"> 0.0686 </us-gaap:DebtInstrumentConvertibleEffectiveInterestRate>
<us-gaap:DebtInstrumentConvertibleEffectiveInterestRate contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="3" unitRef="Unit13"> 0.080 </us-gaap:DebtInstrumentConvertibleEffectiveInterestRate>
<us-gaap:DebtInstrumentCovenantDescription contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember">
could be declared immediately due and payable. The oilfield services credit facility agreement also has cross default provisions that apply to other indebtedness COO and its restricted subsidiaries may have from time to time with an outstanding principal amount in excess of $<font class="_mt">15</font> million.
</us-gaap:DebtInstrumentCovenantDescription>
<us-gaap:DebtInstrumentDateOfFirstRequiredPayment contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtySevenMember"> November 14, 2017 </us-gaap:DebtInstrumentDateOfFirstRequiredPayment>
<us-gaap:DebtInstrumentDateOfFirstRequiredPayment contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember"> May 14, 2016 </us-gaap:DebtInstrumentDateOfFirstRequiredPayment>
<us-gaap:DebtInstrumentDateOfFirstRequiredPayment contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember"> June 14, 2019 </us-gaap:DebtInstrumentDateOfFirstRequiredPayment>
<us-gaap:DebtInstrumentFaceAmount contextRef="As_Of_12_31_2006_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="INF" unitRef="Unit110"> 600000000 </us-gaap:DebtInstrumentFaceAmount>
<us-gaap:DebtInstrumentIncreaseDecreaseForPeriodNet contextRef="Duration_5_1_2011_To_5_31_2011_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="-6" unitRef="Unit110"> 256000000 </us-gaap:DebtInstrumentIncreaseDecreaseForPeriodNet>
<us-gaap:DebtInstrumentInterestRateAtPeriodEnd contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="3" unitRef="Unit13"> 0.075 </us-gaap:DebtInstrumentInterestRateAtPeriodEnd>
<us-gaap:DebtInstrumentInterestRateEffectivePercentage contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="3" unitRef="Unit13"> 0.075 </us-gaap:DebtInstrumentInterestRateEffectivePercentage>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_BankOfAmericaNMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="4" unitRef="Unit13"> 0.0175 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_EurodollarRateMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="4" unitRef="Unit13"> 0.0275 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_EurodollarRateMember_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0275 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_EurodollarRateMember_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0225 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_UnionBankNMember_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0125 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_WellsFargoBankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0175 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_BankOfAmericaNMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="4" unitRef="Unit13"> 0.0100 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_EurodollarRateMember_us-gaap_LongtermDebtTypeAxis_chk_ChesapeakeOilfieldOperatingLlcMember" decimals="4" unitRef="Unit13"> 0.0200 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_EurodollarRateMember_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0200 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_EurodollarRateMember_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0150 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_UnionBankNMember_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0050 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum>
<us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum contextRef="Duration_1_1_2012_To_3_31_2012_chk_VariableInterestRateByTypeAxis_chk_WellsFargoBankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" decimals="4" unitRef="Unit13"> 0.0100 </us-gaap:DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_12_31_2006_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="INF" unitRef="Unit13"> 0.0625 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible4.50PreferredStockMember" decimals="INF" unitRef="Unit13"> 0.045 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible5.00PreferredStockSeries2005BMember" decimals="INF" unitRef="Unit13"> 0.05 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockMember" decimals="INF" unitRef="Unit13"> 0.0575 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2011_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockSeriesaMember" decimals="INF" unitRef="Unit13"> 0.0575 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible4.50PreferredStockMember" decimals="INF" unitRef="Unit13"> 0.045 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertible5.00PreferredStockSeries2005BMember" decimals="INF" unitRef="Unit13"> 0.05 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_CumulativeConvertibleFivePointSevenFivePercentNonVotingPreferredStockMember" decimals="INF" unitRef="Unit13"> 0.0575 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockMember" decimals="INF" unitRef="Unit13"> 0.0575 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_FivePointSevenFivePercentCumulativeConvertiblePreferredStockSeriesaMember" decimals="INF" unitRef="Unit13"> 0.0575 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_FivePointZeroZeroPercentageCumulativeConvertiblePreferredStockSeriesTwoThousandAndFiveBMember" decimals="INF" unitRef="Unit13"> 0.05 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_StatementClassOfStockAxis_chk_FourPointFiveZeroPercentageCumulativeConvertiblePreferredStockMember" decimals="INF" unitRef="Unit13"> 0.045 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_NinePointFivePercentSeniorNotesDueTwoThousandFifteenMember" decimals="INF" unitRef="Unit13"> 0.095 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SevenPointSixTwoFivePercentSeniorNotesDueTwoThousandThirteenMember" decimals="INF" unitRef="Unit13"> 0.07625 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SevenPointTwoFivePercentSeniorNotesDueTwoThousandEighteenMember" decimals="INF" unitRef="Unit13"> 0.0725 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointEightSevenFivePercentSeniorNotesDueTwoThousandEighteenMember" decimals="INF" unitRef="Unit13"> 0.06875 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointEightSevenFivePercentSeniorNotesDueTwoThousandTwentyMember" decimals="INF" unitRef="Unit13"> 0.06875 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointFivePercentSeniorNotesDueTwoThousandSeventeenMember" decimals="INF" unitRef="Unit13"> 0.065 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointOneTwoFivePercentSeniorNotesDueTwoThousandTwentyOneMember" decimals="INF" unitRef="Unit13"> 0.06125 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSevenSevenFivePercentSeniorNotesDueTwoThousandNineteenMember" decimals="INF" unitRef="Unit13"> 0.06775 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember" decimals="INF" unitRef="Unit13"> 0.06625 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandTwentyMember" decimals="INF" unitRef="Unit13"> 0.06625 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember" decimals="INF" unitRef="Unit13"> 0.0625 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtySevenMember" decimals="INF" unitRef="Unit13"> 0.025 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointSevenFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyFiveMember" decimals="INF" unitRef="Unit13"> 0.0275 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="As_Of_3_31_2012_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="INF" unitRef="Unit13"> 0.0225 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentMaturityDateDescription contextRef="Duration_1_1_2006_To_12_31_2006_us-gaap_DebtInstrumentAxis_chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember"> 2017 </us-gaap:DebtInstrumentMaturityDateDescription>
<us-gaap:DebtInstrumentMaturityDateDescription contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_CMDRevolvingBankCreditFacilityMember" id="Item-0114"> June 2016 </us-gaap:DebtInstrumentMaturityDateDescription>
<us-gaap:DebtInstrumentMaturityDateDescription contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_GeneralCorporateRevolvingBankCreditFacilityMember" id="Item-0109"> December 2015 </us-gaap:DebtInstrumentMaturityDateDescription>
<us-gaap:DebtInstrumentMaturityDateDescription contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_LongtermDebtTypeAxis_chk_OilfieldServicesRevolvingCreditFacilityMember" id="Item-0119"> November 2016 </us-gaap:DebtInstrumentMaturityDateDescription>
<us-gaap:DebtInstrumentUnamortizedDiscount contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 444000000 </us-gaap:DebtInstrumentUnamortizedDiscount>
<us-gaap:DebtInstrumentUnamortizedDiscount contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 427000000 </us-gaap:DebtInstrumentUnamortizedDiscount>
<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -110000000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -2000000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<us-gaap:DeferredTaxAssetsNetCurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 139000000 </us-gaap:DeferredTaxAssetsNetCurrent>
<us-gaap:DeferredTaxAssetsNetCurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 632000000 </us-gaap:DeferredTaxAssetsNetCurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 3484000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -286000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0081" unitRef="Unit1"> 2897000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 464000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0080" unitRef="Unit1"> 409000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 3984000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -309000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 3383000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 497000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 413000000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DepletionOfOilAndGasProperties contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 358000000 </us-gaap:DepletionOfOilAndGasProperties>
<us-gaap:DepletionOfOilAndGasProperties contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 358000000 </us-gaap:DepletionOfOilAndGasProperties>
<us-gaap:DepletionOfOilAndGasProperties contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 506000000 </us-gaap:DepletionOfOilAndGasProperties>
<us-gaap:DepletionOfOilAndGasProperties contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 492000000 </us-gaap:DepletionOfOilAndGasProperties>
<us-gaap:DepletionOfOilAndGasProperties contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 14000000 </us-gaap:DepletionOfOilAndGasProperties>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 68000000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -18000000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 43000000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 43000000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 84000000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -34000000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 46000000 </us-gaap:DepreciationAndAmortization>
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<font style="font-family: ARIAL;" class="_mt" size="2">The euro-denominated debt in long-term debt has been adjusted to $<font class="_mt">459</font> million at March 31, 2012 using an exchange rate of $<font class="_mt">1.3334</font> to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font>1.00. </font>
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The terms of the cross currency swaps were based on the dollar/euro exchange rate on the issuance date of $<font class="_mt">1.3325</font> to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font>1.00
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<div> <font style="font-family: ARIAL;" class="_mt" size="2"> </font> <div> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>7.</b></font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Derivative and Hedging Activities</b></font></td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 12px; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); margin-left: 49px; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Natural Gas and Oil Derivatives</i></font></p> <p style="widows: 2; text-transform: none; margin-top: 12px; text-indent: 32px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Our results of operations and cash flows are impacted by changes in market prices for natural gas and oil. To mitigate a portion of the exposure to adverse market changes, we have entered into various derivative instruments. These instruments allow us to predict with greater certainty the effective prices to be received for our hedged production. We believe our derivative instruments continue to be highly effective in achieving our risk management objectives. As of March 31, 2012 and December 31, 2011, our natural gas and oil derivative instruments consisted of the following types of instruments:</font></p> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 0px; font: 6px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Swaps</i>: Chesapeake receives a fixed price and pays a floating market price to the counterparty for the hedged commodity.</font></p></td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 0px; font: 6px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Call Options</i>: Chesapeake sells, and occasionally buys, call options in exchange for a premium. At the time of settlement, if the market price exceeds the fixed price of the call option, Chesapeake pays the counterparty such excess on sold call options, and Chesapeake receives such excess on bought call options. If the market price settles below the fixed price of the call option, no payment is due from either party.</font></p></td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 0px; font: 6px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Swaptions:</i> Chesapeake sells swaptions to counterparties that allow them, on a specific date, to extend an existing fixed-price swap for a certain period of time.</font></p></td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 0px; font: 6px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Knockout Swaps</i>: Chesapeake receives a fixed price and pays a floating market price. The fixed price received by Chesapeake includes a premium in exchange for the possibility to reduce the counterparty's exposure to zero, in any given month, if the floating market price is lower than a certain pre-determined knockout price.</font></p></td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 0px; font: 6px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Basis Protection Swaps</i>: These instruments are arrangements that guarantee a price differential to NYMEX for natural gas from a specified delivery point. Our basis protection swaps typically have negative differentials to NYMEX. Chesapeake receives a payment from the counterparty if the price differential is greater than the stated terms of the contract and pays the counterparty if the price differential is less than the stated terms of the contract.</font></p></td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 12px; text-indent: 32px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">All of our derivative instruments are net settled based on the difference between the fixed-price payment and the floating-price payment, resulting in a net amount due to or from the counterparty.</font></p> <p style="widows: 2; text-transform: none; margin-top: 12px; text-indent: 32px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The estimated fair values of our natural gas and oil derivative instruments as of March 31, 2012 and December 31, 2011 are provided below.</font></p> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 0px; font: 12px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <table style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: collapse; font-family: 'Times New Roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="62%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31, 2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31, 2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Volume</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Volume</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: rgb(0,0,0) 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas (tbtu):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Call options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,318</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(255</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,357</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(284</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Basis protection swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">160</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(40</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">106</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total natural gas</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,478</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(295</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,463</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(326</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oil (mmbbl):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed-price swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">24.9</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">14.9</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Call options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">90.3</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,305</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">94.7</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,282</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Swaptions</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15.0</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(108</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7.8</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(53</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed-price knockout swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0.6</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0.8</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total oil</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">130.8</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,448</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">118.2</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,313</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total estimated fair value</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,743</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,639</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: rgb(0,0,0) 3px double;"> </p></td> <td> </td></tr></table> <p style="widows: 2; text-transform: none; margin-top: 12px; text-indent: 0px; font: 1px 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </p> <p style="widows: 2; text-transform: none; margin-top: 0px; text-indent: 32px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Pursuant to accounting guidance for derivatives and hedging, certain derivatives qualify for designation as cash flow hedges. Following this guidance, changes in the fair value of derivative instruments designated as cash flow hedges, to the extent they are effective in offsetting cash flows attributable to the hedged risk, are recorded in accumulated other comprehensive income until the hedged item is recognized in earnings as the physical transactions being hedged occur. Any change in fair value resulting from ineffectiveness is currently recognized in natural gas and oil sales. Changes in the fair value of non-qualifying derivatives that occur prior to their maturity (i.e., temporary fluctuations in value) are currently reported in the condensed consolidated statements of operations within natural gas and oil sales. As of March 31, 2012, we did not have any natural gas and oil derivatives that were designated as cash flow hedges.</font></p></div> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The components of natural gas and oil sales for the Current Quarter and the Prior Quarter are presented below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="84%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,221</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains (losses) on natural gas and oil derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(153</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(704</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains (losses) on ineffectiveness of cash flow hedges</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total natural gas and oil sales</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Based upon the market prices at March 31, 2012, we expect to transfer approximately $<font class="_mt">4</font> million of net gain included in accumulated other comprehensive income to net income (loss) during the next 12 months in the related month of production. All derivative instruments as of March 31, 2012 are expected to mature by December 31, 2022. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Hedging Facility </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We have a multi-counterparty secured hedging facility with <font class="_mt">18</font> counterparties that have committed to provide approximately <font class="_mt">6.5</font> tcfe of hedging capacity for commodity price derivatives and <font class="_mt">6.5</font> tcfe for basis derivatives with an aggregate mark-to-market capacity of $<font class="_mt">17.5</font> billion under the terms of the facility. As of March 31, 2012, we had hedged under the facility <font class="_mt">2.1</font> tcfe of our future production with price derivatives and <font class="_mt">0.2</font> tcfe with basis derivatives. The multi-counterparty facility allows us to enter into cash-settled natural gas, oil and natural gas liquids price and basis derivatives with the counterparties. Our obligations under the multi-counterparty facility are secured by proved reserves, the value of which must cover the fair value of the transactions outstanding under the facility by at least <font class="_mt">1.65</font> times at semi-annual collateral dates and <font class="_mt">1.30</font> times in between those dates, and guarantees by certain subsidiaries that also guarantee our corporate revolving bank credit facility, indentures and sale/leaseback arrangements. The counterparties' obligations under the facility must be secured by cash or short-term U.S. Treasury instruments to the extent that any mark-to-market amounts they owe to Chesapeake exceed defined thresholds. The maximum volume-based hedging capacity under the facility is governed by the expected production of the pledged reserve collateral, and volume-based hedging limits are applied separately to price and basis derivatives. In addition, there are volume-based sub-limits for natural gas, oil and natural gas liquids derivative instruments. Chesapeake has significant flexibility with regard to releases and/or substitutions of pledged reserves, provided that certain collateral coverage and other requirements are met. The facility does not have a maturity date. Counterparties to the agreement have the right to cease entering into derivative instruments with the Company on a prospective basis as long as obligations associated with any existing transactions in the facility continue to be satisfied in accordance with the terms of the agreement. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Interest Rate Derivatives </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">To mitigate a portion of our exposure to volatility in interest rates related to our senior notes and bank credit facilities, we enter into interest rate derivatives. As of March 31, 2012 and December 31, 2011, our interest rate derivative instruments consisted of the following types of instruments: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Swaps</i>: Chesapeake enters into fixed-to-floating interest rate swaps (we receive a fixed interest rate and pay a floating market rate) to mitigate our exposure to changes in the fair value of our senior notes. We enter into floating-to-fixed interest rate swaps (we receive a floating market rate and pay a fixed interest rate) to manage our interest rate exposure related to our bank credit facilities borrowings. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="5%"><font class="_mt" size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">•</font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Swaptions</i>: Occasionally we sell an option to a counterparty for a premium which allows the counterparty to enter into a pre-determined swap with us on a specific date. </font></p></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The notional amount and the estimated fair value of our interest rate derivatives outstanding as of March 31, 2012 and December 31, 2011 are provided below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="68%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31, 2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31, 2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center"> <p style="border-bottom: #000000 1px solid; width: 57pt;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Notional<br />    Amount    </b></font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair<br />Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Notional<br />Amount</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair<br />Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Swaps</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,500</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,050</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Swaptions</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">400</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">300</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Totals</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,900</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,350</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Gains or losses from interest rate derivative transactions are reflected as adjustments to interest expense in the condensed consolidated statements of operations. The components of interest expense for the Current Quarter and the Prior Quarter are presented below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="84%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense on senior notes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">174</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense on credit facilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">(Gains) losses on interest rate derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Amortization of loan discount and other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Capitalized interest</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(205</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total interest expense</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">12</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We have terminated certain fair value hedges related to senior notes. Gains and losses related to these terminated hedges will be amortized as an adjustment to interest expense over the remaining term of the related senior notes. Over the next <font class="_mt">nine</font> years, we will recognize $<font class="_mt">25</font> million in gains related to such transactions. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Foreign Currency Derivatives </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In December 2006, we issued <font style="font-family: Times New Roman;" class="_mt" size="2">€</font><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font class="_mt">600</font> million of <font class="_mt">6.25</font>% Euro-denominated Senior Notes due <font class="_mt">2017</font>. Concurrent with the issuance of the euro-denominated senior notes, we entered into cross currency swaps to mitigate our exposure to fluctuations in the euro relative to the dollar over the term of the notes. In May 2011, we purchased and subsequently retired <font style="font-family: Times New Roman;" class="_mt" size="2">€</font><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font class="_mt">256</font> million in aggregate principal amount of these senior notes following a tender offer, and we simultaneously unwound the cross currency swaps for the same principal amount. As a result, we reclassified a loss of $<font class="_mt">38</font> million from accumulated other comprehensive income to the condensed consolidated statement of operations, $<font class="_mt">20</font> million of which related to the unwound notional amount and was included in losses on purchases or exchanges of debt, and $<font class="_mt">18</font> million of which related to future interest associated with the unwound principal and was included in interest expense. Under the terms of the remaining cross currency swaps, on each semi-annual interest payment date, the counterparties pay Chesapeake <font style="font-family: Times New Roman;" class="_mt" size="2">€</font><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font class="_mt">11</font> million and Chesapeake pays the counterparties $<font class="_mt">17</font> million, which yields an annual dollar-equivalent interest rate of <font class="_mt">7.491</font>%. Upon maturity of the notes, the counterparties will pay Chesapeake <font style="font-family: Times New Roman;" class="_mt" size="2">€</font><font style="font-family: ARIAL;" class="_mt" size="2"> </font><font class="_mt">344</font> million and Chesapeake will pay the counterparties $<font class="_mt">459</font> million. <font class="_mt">The terms of the cross currency swaps were based on the dollar/euro exchange rate on the issuance date of $<font class="_mt">1.3325</font> to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font>1.00</font>. Through the cross currency swaps, we have eliminated any potential variability in Chesapeake's expected cash flows related to changes in foreign exchange rates and therefore the swaps qualify as cash flow hedges. The fair values of the cross currency swaps are recorded on the condensed consolidated balance sheet as a liability of $<font class="_mt">20</font> million at March 31, 2012. <font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">The euro-denominated debt in long-term debt has been adjusted to $<font class="_mt">459</font> million at March 31, 2012 using an exchange rate of $<font class="_mt">1.3334</font> to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font>1.00. </font></font></font> </p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Additional Disclosures Regarding Derivative Instruments and Hedging Activities </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In accordance with accounting guidance for derivatives and hedging, to the extent that a legal right of set-off exists, Chesapeake nets the value of its derivative arrangements with the same counterparty in the accompanying condensed consolidated balance sheets. Derivative instruments reflected as current in the condensed consolidated balance sheets represent the estimated fair value of derivatives scheduled to settle over the next twelve months based on market prices/rates as of the respective balance sheet dates. The derivative settlement amounts are not due until the month in which the related underlying hedged transaction occurs. Cash settlements of our derivative instruments are generally classified as operating cash flows unless the derivative is deemed to contain, for accounting purposes, a significant financing element at contract inception, in which case these cash settlements are classified as financing cash flows in the accompanying condensed consolidated statements of cash flows. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table presents the fair value and location of each classification of derivative instrument disclosed in the condensed consolidated balance sheets as of March 31, 2012 and December 31, 2011 on a gross basis without regard to same-counterparty netting: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="40%"> </td> <td valign="bottom" width="4%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Balance Sheet Location</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,<br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Asset Derivatives:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives not designated as hedging instruments:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">76</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">54</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">11</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Liability Derivatives:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives designated as hedging instruments:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8" colspan="3"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives not designated as hedging instruments:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(277</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(232</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,553</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,462</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,878</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,736</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8" colspan="3"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 4em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total derivative instruments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,811</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">A consolidated summary of the effect of derivative instruments on the condensed consolidated statements of operations for the Current Quarter and the Prior Quarter is provided below, separating fair value, cash flow and non-qualifying derivatives. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Fair Value Hedges </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">For interest rate derivative instruments designated as fair value hedges, the fair values of the hedges are recorded on the condensed consolidated balance sheets as assets or liabilities, with corresponding offsetting adjustments to the debt's carrying value. Our qualifying interest rate swaps are considered <font class="_mt">100</font>% effective and therefore no ineffectiveness was recorded for the periods presented below. Changes in the fair value of non-qualifying interest rate derivatives that occur prior to their maturity (i.e., temporary fluctuations in value) are reported in the condensed consolidated statements of operations within interest expense. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table presents the gain (loss) recognized in the condensed consolidated statements of operations for instruments designated as fair value derivatives: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="41%"> </td> <td valign="bottom" width="6%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom" colspan="3"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Location of Gain (Loss)                                             </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom" colspan="5"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We include the expense on the hedged item (i.e., fixed-rate borrowings) in the same line item – interest expense – as the offsetting gain or loss on the related interest rate swap listed above. For the Current Quarter and the Prior Quarter, this expense was $<font class="_mt">0</font> and $<font class="_mt">13</font> million respectively. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Cash Flow Hedges </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">A reconciliation of the changes of accumulated other comprehensive income (loss) in the condensed consolidated statements of stockholders' equity related to our cash flow hedges is presented below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="56%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>  Before Tax  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    After Tax    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>  Before Tax  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    After Tax    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="16"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Balance, beginning of period</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(287</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(178</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(291</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(181</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Net change in fair value</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gains reclassified to income</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(75</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Balance, end of period</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(284</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(176</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(368</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(228</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table presents the pre-tax gain (loss) recognized in, and reclassified from, accumulated other comprehensive income (AOCI) related to instruments designated as cash flow derivatives: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="42%"> </td> <td valign="bottom" width="5%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b> </b></font></td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b> </b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"><b> </b></font></td> <td> </td></tr> <tr><td valign="bottom" colspan="3"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Cash Flow Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Location of Gain (Loss)                                </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom" colspan="5"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gain (Loss) Recognized in AOCI</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    (Effective Portion)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">AOCI</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">AOCI</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(18</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gain (Loss) Reclassified from</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    AOCI into Income (Effective Portion)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">74</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gain (Loss) Recognized in Income</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">    Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Ineffective Portion</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Amount initially excluded from</font></p> <p style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">    effectiveness testing</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">32</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Non-Qualifying Derivatives </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table presents the gain (loss) recognized in the condensed consolidated statements of operations for instruments not qualifying as cash flow or fair value derivatives: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="42%"> </td> <td valign="bottom" width="4%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom" colspan="3"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Non-Qualifying Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Location of Gain (Loss)                                    </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom" colspan="5"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil sales</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(156</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(800</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Other income</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 5em;"><font style="font-family: ARIAL;" class="_mt" size="2">  Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(164</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(805</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Credit Risk </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Derivative instruments that enable us to manage our exposure to commodity prices and interest rate volatility expose us to credit risk from our counterparties. To mitigate this risk, we enter into derivative contracts only with counterparties that are rated investment-grade and deemed by management to be competent and competitive market makers, and we attempt to limit our exposure to non-performance by any single counterparty. On March 31, 2012, our commodity and interest rate derivative instruments were spread among 18 counterparties. Additionally, counterparties to our multi-counterparty secured hedging facility described previously are required to secure their natural gas and oil derivative obligations in excess of defined thresholds. We use this facility for the majority of our natural gas, oil and natural gas liquids derivatives. </font></p> </div>
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<us-gaap:DevelopmentWellsDrilledNetProductive contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeGraniteWashTrustMember_us-gaap_StatementBusinessSegmentsAxis_chk_WesternOklahomaMember" decimals="0" unitRef="Unit13"> 118 </us-gaap:DevelopmentWellsDrilledNetProductive>
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<us-gaap:DividendsCommonStock contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-6" unitRef="Unit1"> 56000000 </us-gaap:DividendsCommonStock>
<us-gaap:DividendsPreferredStock contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 43000000 </us-gaap:DividendsPreferredStock>
<us-gaap:DividendsPreferredStock contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-6" unitRef="Unit1"> 15000000 </us-gaap:DividendsPreferredStock>
<us-gaap:DividendsPreferredStock contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-6" unitRef="Unit1"> 28000000 </us-gaap:DividendsPreferredStock>
<us-gaap:DividendsPreferredStock contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 43000000 </us-gaap:DividendsPreferredStock>
<us-gaap:DividendsPreferredStock contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-6" unitRef="Unit1"> 43000000 </us-gaap:DividendsPreferredStock>
<us-gaap:DividendsPreferredStockCash contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="-6" unitRef="Unit1"> 1025000000 </us-gaap:DividendsPreferredStockCash>
<us-gaap:DividendsPreferredStockCash contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-6" unitRef="Unit1"> 950000000 </us-gaap:DividendsPreferredStockCash>
<us-gaap:EarningsPerShareBasic contextRef="Duration_1_1_2011_To_3_31_2011" decimals="2" unitRef="Unit17"> -0.32 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareBasic contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit17"> -0.11 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareDiluted contextRef="Duration_1_1_2011_To_3_31_2011" decimals="2" unitRef="Unit17"> -0.32 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit17"> -0.11 </us-gaap:EarningsPerShareDiluted>
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<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2.</b></font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Net Income Per Share </b></font></p></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Accounting guidance for earnings per share (EPS) requires presentation of "basic" and "diluted" earnings per share on the face of the statements of operations for all entities with complex capital structures as well as a reconciliation of the numerator and denominator of the basic and diluted EPS computations. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">For the Current Quarter and the Prior Quarter, the following securities and associated adjustments to net income, consisting of dividends, were not included in the calculation of diluted EPS, as the effect was antidilutive: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="75%"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 32pt;"> </td> <td> </td> <td> </td> <td style="width: 32pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 28pt;"> </td> <td> </td> <td> </td> <td style="width: 28pt;"> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Net Income</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Adjustments</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Shares</b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in millions)</b></font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended March 31, 2012:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Common stock equivalent of our preferred stock outstanding:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock (series A)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.00</font></font>% cumulative convertible preferred stock (series 2005B)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">4.50</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested restricted stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding stock options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="16"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended March 31, 2011:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Common stock equivalent of our preferred stock outstanding:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">56</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock (series A)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.00</font></font>% cumulative convertible preferred stock (series 2005B)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">4.50</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested restricted stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding stock options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As a result of the net loss to common stockholders, both basic weighted average shares outstanding, which is used in computing basic EPS, and diluted weighted average shares outstanding, which is used in computing diluted EPS, were <font class="_mt">642</font> million shares in the Current Quarter and <font class="_mt">634</font> million shares in the Prior Quarter, respectively. The basic and diluted loss per common share was $<font class="_mt">0.11</font> and $<font class="_mt">0.32</font> in the Current Quarter and the Prior Quarter, respectively.</font></p> </div>
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<us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 31000000 </us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
<us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 20000000 </us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAndPlanNameAxis_us-gaap_RestrictedStockMember" decimals="-6" unitRef="Unit1"> 388000000 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
<us-gaap:EquityMethodInvestmentAggregateCost contextRef="As_Of_12_31_2010_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_TwinEagleResourceManagementLlcMember" decimals="-6" unitRef="Unit1"> 20000000 </us-gaap:EquityMethodInvestmentAggregateCost>
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<us-gaap:EquityMethodInvestments contextRef="As_Of_12_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit1"> 12000000 </us-gaap:EquityMethodInvestments>
<us-gaap:EquityMethodInvestments contextRef="As_Of_12_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_FracTechInternationalLlcMember" decimals="-6" unitRef="Unit1"> 235000000 </us-gaap:EquityMethodInvestments>
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<us-gaap:EquityMethodInvestments contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChaparralEnergyIncMember" decimals="-6" unitRef="Unit1"> 138000000 </us-gaap:EquityMethodInvestments>
<us-gaap:EquityMethodInvestments contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeMidstreamPartnersLpMember" decimals="-6" unitRef="Unit1"> 986000000 </us-gaap:EquityMethodInvestments>
<us-gaap:EquityMethodInvestments contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit1"> 21000000 </us-gaap:EquityMethodInvestments>
<us-gaap:EquityMethodInvestments contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_FracTechInternationalLlcMember" decimals="-6" unitRef="Unit1"> 263000000 </us-gaap:EquityMethodInvestments>
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<us-gaap:EquityMethodInvestments contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_SundropFuelsIncMember" decimals="-6" unitRef="Unit1"> 34000000 </us-gaap:EquityMethodInvestments>
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<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="48%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31, 2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31, 2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carrying</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Estimated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carrying</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Estimated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Amount</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Amount</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    13,056    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    13,671    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    10,598    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    11,399    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr></table> </div>
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<div> <div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>11.</b></font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value Measurements </b></font></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Certain financial instruments are reported at fair value on the condensed consolidated balance sheets. Under fair value measurement accounting guidance, fair value is defined as the amount that would be received from the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants, i.e., an exit price. To estimate an exit price, a three-level hierarchy is used. The fair value hierarchy prioritizes the inputs, which refer broadly to assumptions market participants would use in pricing an asset or a liability, into three levels. Level 1 inputs are unadjusted quoted prices in active markets for identical assets and liabilities and have the highest priority. Level 2 inputs are inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the financial asset or liability and have the lowest priority. Chesapeake uses a market valuation approach based on available inputs and the following methods and assumptions to measure the fair values of its assets and liabilities, which may or may not be observable in the market. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Cash Equivalents</i>. The fair value of cash equivalents is based on quoted market prices. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Investments</i>. The fair value of Chesapeake's investment in Gastar Exploration Ltd. (NYSE Amex: GST) and Clean Energy Fuels Corporation (NASDAQ:CLNE) common stock is based on a quoted market price. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Other Long-Term Assets and Liabilities</i>. The fair value of other long-term assets and liabilities, consisting of obligations under our deferred compensation plan, is based on quoted market prices.<i> </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Derivatives</i>. The fair values of our commodity derivatives, interest rate swaps and cross currency swaps are based on third-party pricing models which utilize inputs that are either readily available in the public market, such as natural gas and oil forward curves and discount rates, or can be corroborated from active markets or broker quotes. These values are then compared to the values given by our counterparties for reasonableness. Since commodity, interest rate and cross currency swaps do not include optionality and therefore generally have no unobservable inputs, they are classified as Level 2. All other derivatives have some level of unobservable input, such as volatility curves, and are therefore classified as Level 3. For interest rate options and swaptions, we use the fair value estimates provided by our respective counterparties. These values are reviewed internally for reasonableness using future interest rate curves and time to maturity. Derivatives are also subject to the risk that counterparties will be unable to meet their obligations. We factor non-performance risk into the valuation of our derivatives using current published credit default swap rates. To date, this has not had a material impact on the values of our derivatives.<i> </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Debt</i>. The fair value of certain of our long-term debt is based on the face amount of that debt along with the value of related qualifying interest rate swaps. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table provides fair value measurement information for financial assets (liabilities) measured at fair value on a recurring basis as of March 31, 2012: </font></p> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="53%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Quoted<br />Prices in<br />Active<br />Markets<br />    (Level 1)     </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Other<br />Observable<br />Inputs<br />  (Level 2)  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Unobservable<br />Inputs</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>(Level  3)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total<br />    Fair Value    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Financial Assets (Liabilities):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">519</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">519</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">69</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">69</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(71</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(71</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">37</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">50</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(75</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,755</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,830</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 4em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,811</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 5em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">558</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(103</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,253</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table provides fair value measurement information for financial assets (liabilities) measured at fair value on a recurring basis as of December 31, 2011: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="50%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Quoted<br />Prices in<br />Active<br />Markets<br />    (Level 1)     </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Other<br />Observable<br />Inputs<br />  (Level 2)  </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Significant<br />Unobservable<br />Inputs<br />(Level 3)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Total<br />    Fair Value    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Financial Assets (Liabilities):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Cash equivalents</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">395</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">395</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Investments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">61</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">61</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(62</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,663</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,694</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 4em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(65</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,654</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 5em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">428</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(65</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,654</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,291</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table></div> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">A summary of the changes in Chesapeake's assets (liabilities) classified as Level 3 measurements during the Current Quarter and the Prior Quarter is presented below. </font></p> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="66%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="1"><b>$xxxxxxxxxxxxx</b></font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Interest</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Foreign</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Commodity</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Rate</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Currency</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Debt</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Beginning Balance as of January 1, 2012</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,654</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total gains (losses) (realized/unrealized):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Included in earnings or change in net assets</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(59</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total purchases, issuances, sales and settlements:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Sales</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Settlements</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Ending Balance as of March 31, 2012</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,705</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Beginning Balance as of January 1, 2011</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,954</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(69</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,371</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total gains (losses) (realized/unrealized):</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top" nowrap="nowrap"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Included in earnings or change in net assets</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(873</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total purchases, issuances, sales and settlements:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Settlements</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">44</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Transfers in and out of Level 3</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">54</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,371</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Ending Balance as of March 31, 2011</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,783</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 26%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td valign="top" align="left"> <p align="justify"> </p></td></tr></table> <div class="MetaData" align="right"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="96%"> <tr><td width="58%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Natural Gas</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Interest</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>and Oil Sales</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Expense</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2011    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total gains (losses) included in earnings<br />(or change in net assets) for the period</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(59</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(873</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Change in unrealized gains (losses) relating to<br />assets still held at reporting date</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(132</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(868</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr></table></div> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The values related to interest rate and cross currency swaps were transferred from Level 3 to Level 2 as a result of our ability to use data readily available in the public market to corroborate our estimated fair values. </font></p></td></tr></table></div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Qualitative Disclosures about Unobservable Inputs for Level 3 Fair Value Measurements </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The significant unobservable inputs for Level 3 derivative contracts include forward prices of commodities, forward interest rate curves, market volatility and credit risk of counterparties. Changes in these inputs will impact the fair value measurement of our derivative contracts, e.g. an increase (decrease) in the forward prices and volatility of commodities will decrease (increase) the fair value of commodity derivatives; an increase (decrease) in forward price and volatility of interest rates will decrease (increase) the fair value of interest rate derivatives; and adverse changes to our counterparties' credit worthiness will decrease the fair value of our derivatives. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Quantitative Disclosures about Unobservable Inputs for Level 3 Fair Value Measurements </i></font></p> <div class="MetaData"> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="30%"> </td> <td valign="bottom" width="8%"> </td> <td width="27%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Instrument</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Unobservable</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Type</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Input</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Range</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Average</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    2012    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oil Trades</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">NYMEX oil price forward curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$ <font class="_mt">91.47</font> - $<font class="_mt">105.33</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">97.95</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    (1,410</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Oil price volatility curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">16.39</font></font>% - <font class="_mt">31.03</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">23.16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr><td valign="middle" rowspan="2"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural Gas Trades</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">NYMEX natural gas price</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    forward curve</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">2.13</font> - $<font class="_mt">5.81</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3.91</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(255</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas price volatility curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">21.40</font></font>% - <font class="_mt">53.67</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">28.27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gas Basis Swaps</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">NYMEX natural gas forward curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">1.95</font> -$<font class="_mt">5.06</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3.22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(40</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2">Physical pricing point</font></p> <p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" size="2">    forward curves</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">($<font class="_mt">1.29</font>) -$<font class="_mt">0.20</font></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(0.22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="16"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="2"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr><td valign="top" nowrap="nowrap"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest Rate Swaptions</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Forward interest rate curve</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">0.41</font></font>% -<font class="_mt">3.66</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1.80</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)   </font></td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate volatility</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">40.04</font></font>% - <font class="_mt">52.07</font>%</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">47.40</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">% </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 31%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Fair value is based on an estimate derived from option models. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Fair value is based on an estimate of discounted cash flows. </font></p></td></tr></table></div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Fair Value of Other Financial Instruments </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following disclosure of the estimated fair value of financial instruments is made in accordance with accounting guidance for financial instruments. The carrying values of financial instruments comprising current assets and current liabilities approximate fair values due to the short-term maturities of these instruments. We estimate the fair value of our long-term debt primarily using quoted market prices (Level 1). Fair value is compared to the carrying value, excluding the impact of interest rate derivatives, in the table below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="48%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">00000000000</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31, 2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31, 2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carrying</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Estimated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carrying</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Estimated</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Amount</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Amount</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term debt</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    13,056    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    13,671    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    10,598    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">    $</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    11,399    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr></table></div> </div>
</us-gaap:FairValueDisclosuresTextBlock>
<us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 62000000 </us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations>
<us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations contextRef="As_Of_12_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 62000000 </us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations>
<us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 71000000 </us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations>
<us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations contextRef="As_Of_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 71000000 </us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisObligations>
<us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales contextRef="Duration_1_1_2012_To_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_InterestRateContractMember" decimals="-6" unitRef="Unit1"> -2000000 </us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
<us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements contextRef="Duration_1_1_2011_To_3_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByMajorTypeAxis_us-gaap_CommodityContractMember" decimals="-6" unitRef="Unit1"> 44000000 </us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
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<us-gaap:InterestExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -177000000 </us-gaap:InterestExpense>
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<us-gaap:InterestExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 8000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 183000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 12000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -169000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 18000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 161000000 </us-gaap:InterestExpense>
<us-gaap:InterestExpenseDebt contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 177000000 </us-gaap:InterestExpenseDebt>
<us-gaap:InterestExpenseDebt contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 174000000 </us-gaap:InterestExpenseDebt>
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<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="84%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense on senior notes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">174</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">177</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense on credit facilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">(Gains) losses on interest rate derivatives</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Amortization of loan discount and other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Capitalized interest</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(188</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(205</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total interest expense</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">12</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
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<us-gaap:InterestPaidNet contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 41000000 </us-gaap:InterestPaidNet>
<us-gaap:InterestPaidNet contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 36000000 </us-gaap:InterestPaidNet>
<us-gaap:InterestPayableCurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 183000000 </us-gaap:InterestPayableCurrent>
<us-gaap:InterestPayableCurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 137000000 </us-gaap:InterestPayableCurrent>
<us-gaap:InterestRateDerivativesAtFairValueNet contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 42000000 </us-gaap:InterestRateDerivativesAtFairValueNet>
<us-gaap:InterestRateDerivativesAtFairValueNet contextRef="As_Of_12_31_2011_us-gaap_DerivativeByNatureAxis_us-gaap_SwapMember" decimals="-6" unitRef="Unit1"> 42000000 </us-gaap:InterestRateDerivativesAtFairValueNet>
<us-gaap:InterestRateDerivativesAtFairValueNet contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 46000000 </us-gaap:InterestRateDerivativesAtFairValueNet>
<us-gaap:InterestRateDerivativesAtFairValueNet contextRef="As_Of_3_31_2012_us-gaap_DerivativeByNatureAxis_us-gaap_SwapMember" decimals="-6" unitRef="Unit1"> 43000000 </us-gaap:InterestRateDerivativesAtFairValueNet>
<us-gaap:InterestRateDerivativesAtFairValueNet contextRef="As_Of_3_31_2012_us-gaap_DerivativeByNatureAxis_us-gaap_SwaptionsMember" decimals="-6" unitRef="Unit1"> 3000000 </us-gaap:InterestRateDerivativesAtFairValueNet>
<us-gaap:InvestmentIncomeNonoperating contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 25000000 </us-gaap:InvestmentIncomeNonoperating>
<us-gaap:InvestmentIncomeNonoperating contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 6000000 </us-gaap:InvestmentIncomeNonoperating>
<us-gaap:InvestmentIncomeNonoperating contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 19000000 </us-gaap:InvestmentIncomeNonoperating>
<us-gaap:InvestmentIncomeNonoperating contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -5000000 </us-gaap:InvestmentIncomeNonoperating>
<us-gaap:InvestmentIncomeNonoperating contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -30000000 </us-gaap:InvestmentIncomeNonoperating>
<us-gaap:InvestmentIncomeNonoperating contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 25000000 </us-gaap:InvestmentIncomeNonoperating>
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<us-gaap:InvestmentOwnedBalanceShares contextRef="As_Of_12_31_2011_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_CleanEnergyFuelsCorpMember" decimals="-6" unitRef="Unit19"> 1000000 </us-gaap:InvestmentOwnedBalanceShares>
<us-gaap:InvestmentsFairValueDisclosure contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 34000000 </us-gaap:InvestmentsFairValueDisclosure>
<us-gaap:InvestmentsFairValueDisclosure contextRef="As_Of_12_31_2011_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 34000000 </us-gaap:InvestmentsFairValueDisclosure>
<us-gaap:InvestmentsFairValueDisclosure contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 41000000 </us-gaap:InvestmentsFairValueDisclosure>
<us-gaap:InvestmentsFairValueDisclosure contextRef="As_Of_3_31_2012_chk_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis_us-gaap_FairValueInputsLevel1Member" decimals="-6" unitRef="Unit1"> 41000000 </us-gaap:InvestmentsFairValueDisclosure>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 1531000000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -4103000000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
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<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 1618000000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
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<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 622000000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 3286000000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
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<div> <font style="font-family: ARIAL;" class="_mt" size="2"> </font> <div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>9.</b></font></td> <td valign="top" width="1%"><font class="_mt" size="1"> </font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Investments </b></font></td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">At March 31, 2012 and December 31, 2011, we had the following investments: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="55%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Carrying Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Approximate</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>% Owned</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Accounting<br />Method</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>  March 31,  <br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake Midstream Partners, L.P.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">46%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">986</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">987</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">FTS International, Inc.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">263</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">235</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Chaparral Energy, Inc.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">138</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">143</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Clean Energy Fuels Corp.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—        </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Cost</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">50</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">50</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Utica East Ohio Midstream, LLC</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">59%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Sundrop Fuels, Inc.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">34</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Twin Eagle Resource Management, LLC</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">26</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Clean Energy Fuels Corp.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Fair Value</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">12</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Gastar Exploration Ltd.</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Fair Value</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Ranch Westex JV, LLC</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">33%    </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Equity</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—        </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,618</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,531</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Chesapeake Midstream Partners, L.P. </i>Chesapeake Midstream Partners, L.P. (NYSE:CHKM) is a master limited partnership which we and Global Infrastructure Partners-A, L.P. and affiliated funds managed by Global Infrastructure Management, LLC and certain of their respective subsidiaries and affiliates (collectively, GIP) formed in 2010 to own, operate, develop and acquire gathering systems and other midstream energy assets. CHKM completed its initial public offering on August 3, 2010. As of March 31, 2012, public security holders, GIP and Chesapeake owned <font class="_mt">30.5</font>%, <font class="_mt">23.4</font>% and <font class="_mt">46.1</font>%, respectively, of all outstanding CHKM limited partner interests. CHKM limited partners, collectively, have a <font class="_mt">98.0</font>% interest in CHKM, and the general partner, which is owned and controlled <font class="_mt">50</font>/<font class="_mt">50</font> by Chesapeake and GIP, has a <font class="_mt">2.0</font>% interest in CHKM. CHKM is principally focused on natural gas gathering, the first segment of midstream energy infrastructure that connects natural gas produced at the wellhead to third-party takeaway pipelines. CHKM currently operates in Texas, Louisiana, Oklahoma, Kansas, Arkansas, Pennsylvania and West Virginia and provides gathering, treating and compression services to Chesapeake and other producers under long-term, fixed-fee contracts. <i> </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Current Quarter, we recorded positive equity method adjustments of $<font class="_mt">24</font> million for our share of CHKM's income, received cash distributions of $<font class="_mt">27</font> million from CHKM and recorded accretion adjustments of $<font class="_mt">2</font> million related to our share of equity in excess of cost. The carrying value of our investment in CHKM is less than our underlying equity in net assets by approximately $<font class="_mt">154</font> million as of March 31, 2012. This difference is being accreted over the <font class="_mt">20</font>-year estimated useful lives of the underlying assets. See Note 10 for further discussion of CHKM. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>FTS International, Inc. </i>FTS International, Inc. (FTS), based in Fort Worth, Texas, is the privately held parent company which, through its subsidiaries, provides pressure pumping and well stimulation to oil and gas companies. In the Current Quarter, we recorded positive equity method adjustments, prior to intercompany profit eliminations, of $<font class="_mt">17</font> million for our share of FTS's income and recorded accretion adjustments of $<font class="_mt">11</font> million related to our share of equity in excess of cost. The carrying value of our investments in FTS is less than our underlying equity in net assets by approximately $<font class="_mt">857</font> million as of March 31, 2012. The value not allocated to goodwill is being accreted over the nine-year estimated useful lives of the underlying assets. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Chaparral Energy, Inc. </i>Chaparral Energy, Inc., based in Oklahoma City, Oklahoma, is a private independent oil and natural gas company engaged in the production, acquisition and exploitation of oil and natural gas properties. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In the Current Quarter, we recorded a $<font class="_mt">4</font> million charge related to our share of Chaparral's net loss and depreciation adjustments of $<font class="_mt">1</font> million related to the excess of our cost over our proportionate share of Chaparral's book equity. The carrying value of our investment in Chaparral is in excess of our underlying equity in net assets by approximately $<font class="_mt">54</font> million as of March 31, 2012. This excess is attributed to the natural gas and oil reserves held by Chaparral and is being amortized over the estimated life of these reserves based on a unit of production rate. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Clean Energy Fuels Corp</i>. In July 2011, we agreed to invest $<font class="_mt">150</font> million in newly issued convertible promissory notes of Clean Energy Fuels Corp. (Nasdaq:CLNE), based in Seal Beach, California. The investment is being made in three equal $<font class="_mt">50</font> million promissory notes, the first of which was issued on July 11, 2011, with the remaining notes scheduled to be issued in June 2012 and June 2013. The notes bear interest at the annual rate of <font class="_mt">7.5</font>%, payable quarterly, and are convertible at our option into shares of Clean Energy's common stock at a <font class="_mt">22.5</font>% conversion premium, resulting in a conversion price of $<font class="_mt">15.80</font> per share. Under certain circumstances following the second anniversary of the issuance of a note, Clean Energy can force conversion of the debt. The entire principal balance of each note is due and payable seven years following issuance. Clean Energy will use our $<font class="_mt">150</font> million investment to accelerate its build-out of LNG fueling infrastructure for heavy-duty trucks at truck stops across interstate highways in the U.S. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In December 2011, we also purchased <font class="_mt">one</font> million shares of Clean Energy common stock for $<font class="_mt">10</font> million. During the Current Quarter, the common stock price of Clean Energy increased from $<font class="_mt">12.46</font> per share to $<font class="_mt">21.28</font> per share. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Utica East Ohio Midstream L.L.C. </i>On March 9, 2012, CMD entered into an agreement to form Utica East Ohio Midstream LLC (UEOM) with M3 Midstream, L.L.C. and EV Energy Partners, L.P. to develop necessary infrastructure for the gathering and processing of natural gas and natural gas liquids in the Utica Shale play in eastern Ohio. The infrastructure complex will consist of natural gas gathering and compression facilities constructed and operated by CMD, as well as processing, NGL fractionation, loading and terminal facilities constructed and operated by M3 Midstream, L.L.C. CMD made an initial cash contribution of $<font class="_mt">38</font> million in exchange for an ownership of approximately <font class="_mt">59</font>% in UEOM. See Note 10 for further discussion of UEOM. UEOM is not consolidated since we do not have a controlling interest. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Sundrop Fuels, Inc. </i>In July 2011, we agreed to invest $<font class="_mt">155</font> million in preferred equity securities of Sundrop Fuels, Inc., a privately held cellulosic biofuels company based in Louisville, Colorado. The investment will fund construction of a nonfood biomass-based "green gasoline" plant, capable of annually producing more than <font class="_mt">40</font> million gallons of gasoline from natural gas and waste cellulosic material. The investment is intended to accelerate the development of an affordable, stable, room-temperature, natural gas-based fuel for immediate use in automobiles, diesel engine vehicles and aircraft. The first $<font class="_mt">35</font> million tranche of our investment was funded in July 2011 and the remaining tranches of preferred equity investment will be scheduled around certain funding and operational milestones that are expected to be reached by July 2013. The full investment will represent <font class="_mt">50</font>% of Sundrop Fuels' equity on a fully diluted basis. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The carrying value of our investment in Sundrop is in excess of our underlying equity in net assets by approximately $<font class="_mt">25</font> million as of March 31, 2012. This excess will be amortized over the life of the plant, once it is placed into service. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Twin Eagle Resource Management LLC.</i> In 2010, we invested $<font class="_mt">20</font> million in Twin Eagle Resource Management LLC, a natural gas trading and management firm. In February 2012, we invested an additional $<font class="_mt">9</font> million. During the Current Quarter, we recorded a $<font class="_mt">3</font> million charge related to our share of Twin Eagle's net loss. The carrying value of our investment in Twin Eagle is in excess of our equity in net assets by approximately $<font class="_mt">6</font> million as of March 31, 2012. This excess is being amortized over the 15-year estimated useful lives of the underlying assets. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Gastar Exploration Ltd</i>. Gastar Exploration Ltd. (NYSE Amex:GST), based in Houston, Texas, is an independent energy company engaged in the exploration, development and production of natural gas and oil in the U.S. During the Current Quarter, the common stock price of Gastar decreased from $<font class="_mt">3.18</font> per share to $<font class="_mt">2.99</font> per share. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Ranch Westex, JV LLC</i>. In December 2011, CMD entered into an agreement to form Ranch Westex JV, LLC with two other parties to develop, construct and operate necessary infrastructure for the processing and gathering of natural gas in Ward County, Texas. CMD's total commitment is $<font class="_mt">36</font> million. As of March 31, 2012, we had funded $<font class="_mt">13</font> million of the total commitment. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p></div> </div>
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all of the equity interests and assets of COO and its wholly owned subsidiaries (the restricted subsidiaries), and bear interest at our option at either (i) the greater of the reference rate of Bank of America, N.A., the federal funds effective rate plus <font class="_mt">0.50</font>%, and one-month LIBOR plus <font class="_mt">1.00</font>%, all of which are subject to a margin that varies from <font class="_mt">1.00</font>% to <font class="_mt">1.75</font>% per annum, or (ii) the Eurodollar rate, which is based on LIBOR plus a margin that varies from <font class="_mt">2.00</font>% to <font class="_mt">2.75</font>% per annum. The unused portion of the credit facility is subject to a commitment fee that varies from <font class="_mt">0.375</font>% to <font class="_mt">0.50</font>% per annum. Both margins and commitment fees are determined according to the most recent leverage ratio
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<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 21000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 14000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -165000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -11000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -2000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -23000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 41000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -27000000 </us-gaap:NonoperatingIncomeExpense>
<us-gaap:OilAndGasProductionExpense contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 238000000 </us-gaap:OilAndGasProductionExpense>
<us-gaap:OilAndGasProductionExpense contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 238000000 </us-gaap:OilAndGasProductionExpense>
<us-gaap:OilAndGasProductionExpense contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 349000000 </us-gaap:OilAndGasProductionExpense>
<us-gaap:OilAndGasProductionExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 348000000 </us-gaap:OilAndGasProductionExpense>
<us-gaap:OilAndGasProductionExpense contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1000000 </us-gaap:OilAndGasProductionExpense>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 31200000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -476000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0061" unitRef="Unit1"> 29659000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2017000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 33525000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -522000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 31065000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasPropertyFullCostMethodNet contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2982000000 </us-gaap:OilAndGasPropertyFullCostMethodNet>
<us-gaap:OilAndGasRevenue contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 1188000000 </us-gaap:OilAndGasRevenue>
<us-gaap:OilAndGasRevenue contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 1221000000 </us-gaap:OilAndGasRevenue>
<us-gaap:OilAndGasSalesRevenue contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 494000000 </us-gaap:OilAndGasSalesRevenue>
<us-gaap:OilAndGasSalesRevenue contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 494000000 </us-gaap:OilAndGasSalesRevenue>
<us-gaap:OilAndGasSalesRevenue contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 1068000000 </us-gaap:OilAndGasSalesRevenue>
<us-gaap:OilAndGasSalesRevenue contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1044000000 </us-gaap:OilAndGasSalesRevenue>
<us-gaap:OilAndGasSalesRevenue contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 24000000 </us-gaap:OilAndGasSalesRevenue>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -284000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -31000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -283000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 30000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 6000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -31000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 16000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 21000000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDue contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_CompressorMember" decimals="-6" unitRef="Unit1"> 466000000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDue contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_RigMember" decimals="-6" unitRef="Unit1"> 423000000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDue contextRef="As_Of_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_us-gaap_EquipmentMember" decimals="-6" unitRef="Unit1"> 351000000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
<us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue contextRef="Duration_1_1_2009_To_12_31_2009" decimals="-6" unitRef="Unit1"> 145000000 </us-gaap:OperatingLeasesIncomeStatementMinimumLeaseRevenue>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 2682000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -377000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0083" unitRef="Unit1"> 2286000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 735000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0082" unitRef="Unit1"> 38000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 2965000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -377000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2392000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 927000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAccruedLiabilitiesNoncurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 23000000 </us-gaap:OtherAccruedLiabilitiesNoncurrent>
<us-gaap:OtherAssetsCurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 125000000 </us-gaap:OtherAssetsCurrent>
<us-gaap:OtherAssetsCurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 130000000 </us-gaap:OtherAssetsCurrent>
<us-gaap:OtherAssetsNoncurrent contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 388000000 </us-gaap:OtherAssetsNoncurrent>
<us-gaap:OtherAssetsNoncurrent contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 431000000 </us-gaap:OtherAssetsNoncurrent>
<us-gaap:OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> 3000000 </us-gaap:OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease>
<us-gaap:OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> 5000000 </us-gaap:OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease>
<us-gaap:OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> -47000000 </us-gaap:OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease>
<us-gaap:OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> 2000000 </us-gaap:OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease>
<us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -44000000 </us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease>
<us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 7000000 </us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease>
<us-gaap:OtherComprehensiveIncomeOtherNetOfTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -44000000 </us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
<us-gaap:OtherComprehensiveIncomeOtherNetOfTax contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> -33000000 </us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
<us-gaap:OtherComprehensiveIncomeOtherNetOfTax contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> -11000000 </us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
<us-gaap:OtherComprehensiveIncomeOtherNetOfTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 7000000 </us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
<us-gaap:OtherComprehensiveIncomeOtherNetOfTax contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 4000000 </us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
<us-gaap:OtherComprehensiveIncomeOtherNetOfTax contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 3000000 </us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
<us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 46000000 </us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax>
<us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 2000000 </us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax>
<us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> -28000000 </us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax>
<us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> -1000000 </us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 5000000 </us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 4000000 </us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 3000000 </us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 2000000 </us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 3000000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 5000000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 2000000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 3000000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
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<us-gaap:OtherLiabilitiesCurrent contextRef="As_Of_12_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_ChkUticaMember" decimals="-6" unitRef="Unit1"> 10000000 </us-gaap:OtherLiabilitiesCurrent>
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<us-gaap:OtherLiabilitiesCurrent contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_ChkCTMember" decimals="-6" unitRef="Unit1"> 12000000 </us-gaap:OtherLiabilitiesCurrent>
<us-gaap:OtherLiabilitiesCurrent contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_ChkUticaMember" decimals="-6" unitRef="Unit1"> 9000000 </us-gaap:OtherLiabilitiesCurrent>
<us-gaap:OtherLiabilitiesCurrent contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_chk_VariableInterestEntitiesMember" decimals="-6" unitRef="Unit1"> 37000000 </us-gaap:OtherLiabilitiesCurrent>
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<div> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.</b></font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Other Long-Term Liabilities </b></font></p></td></tr></table> <p style="margin-top: 6px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Other long-term liabilities as of March 31, 2012 and December 31, 2011 are detailed below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="79%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,<br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">CHK Utica ORRI conveyance obligation</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">290</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">290</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">CHK C-T ORRI conveyance obligation</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">185</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Financing lease obligations</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">143</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">143</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Revenues and royalties due others</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">115</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Mortgages payable</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">56</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">56</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Other</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">236</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">220</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total other long-term liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,025</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">818</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">9</font> million and $<font class="_mt">10</font> million of the total $<font class="_mt">299</font> million and $<font class="_mt">300</font> million obligation are recorded in other current liabilities as of March 31, 2012 and December 31, 2011, respectively. See Note 6 for further discussion of the CHK Utica financial transaction. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">$<font class="_mt">12</font> million of the total $<font class="_mt">197</font> million obligation is recorded in other current liabilities. See Note 6 for further discussion of the CHK C-T financial transaction. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In 2009, we financed <font class="_mt">113</font> real estate surface assets in the Barnett Shale area for approximately $<font class="_mt">145</font> million and entered into a <font class="_mt">40</font>-year master lease agreement under which we agreed to lease the sites for approximately $<font class="_mt">15</font> million to $<font class="_mt">27</font> million annually. This lease transaction was recorded as a financing lease and the cash received was recorded with an offsetting long-term liability on the consolidated balance sheet. Chesapeake exercised its option to repurchase <font class="_mt">two</font> of the assets in 2010 and <font class="_mt">one</font> of the assets in 2011. As of March 31, 2012, we had <font class="_mt">110</font> assets remaining. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In 2009, we financed our regional Barnett Shale headquarters building in Fort Worth, Texas for net proceeds of approximately $<font class="_mt">54</font> million with a five-year term loan which has a floating rate of prime plus <font class="_mt">275</font> basis points. At our option, we may prepay in full without penalty beginning in year four. The payment obligation is guaranteed by Chesapeake. </font></p></td></tr></table></div> </div>
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<us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 95000000 </us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment>
<us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 328000000 </us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment>
<us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 690000000 </us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment>
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<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_12_31_2007_us-gaap_StatementBusinessSegmentsAxis_chk_KentuckyAndWestVirginiaMember" decimals="-3" unitRef="Unit14"> 208000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_5_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_TexasOklahomaAndKansasMember" decimals="-3" unitRef="Unit14"> 94000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_8_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_AnadarkoBasinWoodfordShaleMember" decimals="-3" unitRef="Unit14"> 93000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_12_31_2008_us-gaap_StatementBusinessSegmentsAxis_chk_AnadarkoAndArkomaBasinsMember" decimals="-3" unitRef="Unit14"> 98000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_8_31_2009_us-gaap_StatementBusinessSegmentsAxis_chk_SouthTexasMember" decimals="-3" unitRef="Unit14"> 68000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_2_28_2010_us-gaap_StatementBusinessSegmentsAxis_chk_EastTexasAndTexasGulfCoastMember" decimals="-3" unitRef="Unit14"> 46000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_6_30_2010_us-gaap_StatementBusinessSegmentsAxis_chk_PermianBasinMember" decimals="-3" unitRef="Unit14"> 38000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_9_30_2010_us-gaap_StatementBusinessSegmentsAxis_chk_BarnettShaleJointVentureMember" decimals="-3" unitRef="Unit14"> 390000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_5_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_MidContinentJointVentureMember" decimals="-3" unitRef="Unit14"> 177000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_3_31_2012" decimals="-3" unitRef="Unit14"> 1372000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:ProvedDevelopedReservesVolume contextRef="As_Of_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_AndarkoBasinGraniteWashMember" decimals="-3" unitRef="Unit14"> 160000 </us-gaap:ProvedDevelopedReservesVolume>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 7323000000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 6814000000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 509000000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 4546000000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 4203000000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:RepaymentsOfLinesOfCredit contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 343000000 </us-gaap:RepaymentsOfLinesOfCredit>
<us-gaap:RepaymentsOfLongTermDebt contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 128000000 </us-gaap:RepaymentsOfLongTermDebt>
<us-gaap:RepaymentsOfLongTermDebt contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" unitRef="Unit1"> 128000000 </us-gaap:RepaymentsOfLongTermDebt>
<us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 44000000 </us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue>
<us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 81000000 </us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue>
<us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="-6" unitRef="Unit1"> 37000000 </us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 1608000000 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 1481000000 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeClevelandTonkawaLimitedLiabilityCompanyMember" decimals="-6" unitRef="Unit1"> 300000000 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_3_31_2012_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_chk_ChesapeakeUticaLLCMember" decimals="-6" unitRef="Unit1"> 400000000 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:RevenueOilAndGasServices contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 101000000 </us-gaap:RevenueOilAndGasServices>
<us-gaap:RevenueOilAndGasServices contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -147000000 </us-gaap:RevenueOilAndGasServices>
<us-gaap:RevenueOilAndGasServices contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 248000000 </us-gaap:RevenueOilAndGasServices>
<us-gaap:RevenueOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 135000000 </us-gaap:RevenueOilAndGasServices>
<us-gaap:RevenueOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -312000000 </us-gaap:RevenueOilAndGasServices>
<us-gaap:RevenueOilAndGasServices contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 447000000 </us-gaap:RevenueOilAndGasServices>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 1612000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_MarketingGatheringAndCompressionMember" decimals="-6" unitRef="Unit1"> 1017000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_OilAndGasExplorationAndProductionMember" decimals="-6" unitRef="Unit1"> 494000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_OilfieldServicesMember" decimals="-6" unitRef="Unit1"> 101000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -176000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 1485000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2011_To_3_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 303000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 2419000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarketingGatheringAndCompressionMember" decimals="-6" unitRef="Unit1"> 1216000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_OilAndGasExplorationAndProductionMember" decimals="-6" unitRef="Unit1"> 1068000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_OilfieldServicesMember" decimals="-6" unitRef="Unit1"> 135000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -340000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2245000000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="Duration_1_1_2012_To_3_31_2012_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 514000000 </us-gaap:Revenues>
<us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_MarketingGatheringAndCompressionMember" decimals="-6" unitRef="Unit1"> -1204000000 </us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
<us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_OilfieldServicesMember" decimals="-6" unitRef="Unit1"> -147000000 </us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
<us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_us-gaap_BusinessIntersegmentEliminationsMember" decimals="-6" unitRef="Unit1"> 1351000000 </us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
<us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarketingGatheringAndCompressionMember" decimals="-6" unitRef="Unit1"> -1176000000 </us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
<us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_OilfieldServicesMember" decimals="-6" unitRef="Unit1"> -312000000 </us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
<us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_us-gaap_BusinessIntersegmentEliminationsMember" decimals="-6" unitRef="Unit1"> 1488000000 </us-gaap:RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
<us-gaap:SaleLeasebackTransactionGrossProceeds contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_CompressorMember" decimals="-6" unitRef="Unit1"> 635000000 </us-gaap:SaleLeasebackTransactionGrossProceeds>
<us-gaap:SaleLeasebackTransactionGrossProceeds contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_SaleLeasebackTransactionDescriptionAxis_chk_RigMember" decimals="-6" unitRef="Unit1"> 802000000 </us-gaap:SaleLeasebackTransactionGrossProceeds>
<us-gaap:SaleOfStockConsiderationReceivedOnTransaction contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-8" unitRef="Unit1"> 9000000000 </us-gaap:SaleOfStockConsiderationReceivedOnTransaction>
<us-gaap:ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="75%"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 32pt;"> </td> <td> </td> <td> </td> <td style="width: 32pt;"> </td> <td valign="bottom" width="10%"> </td> <td style="width: 28pt;"> </td> <td> </td> <td> </td> <td style="width: 28pt;"> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Net Income</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Adjustments</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Shares</b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in millions)</b></font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended March 31, 2012:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Common stock equivalent of our preferred stock outstanding:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock (series A)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.00</font></font>% cumulative convertible preferred stock (series 2005B)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">4.50</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested restricted stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding stock options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td height="16"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended March 31, 2011:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Common stock equivalent of our preferred stock outstanding:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 22</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">56</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.75</font></font>% cumulative convertible preferred stock (series A)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2"> 16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">5.00</font></font>% cumulative convertible preferred stock (series 2005B)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" size="2">4.50</font></font>% cumulative convertible preferred stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">     3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested restricted stock</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">8 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding stock options</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" nowrap="nowrap" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">    —</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td></tr></table> </div>
</us-gaap:ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock>
<us-gaap:ScheduleOfDebtTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="74%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>    March 31,    <br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">7.625</font></font>% senior notes due 2013</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">464</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">464</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">9.5</font></font>% senior notes due 2015</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,265</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,265</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.25</font></font>% euro-denominated senior notes due 2017</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">459</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">446</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.5</font></font>% senior notes due 2017</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.875</font></font>% senior notes due 2018</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">474</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">474</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">7.25</font></font>% senior notes due 2018</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">669</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">669</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.625</font></font>% senior notes due 2019</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(b)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">650</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">650</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.775</font></font>% senior notes due 2019</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,300</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.625</font></font>% senior notes due 2020</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,300</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,300</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.875</font></font>% senior notes due 2020</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">500</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">500</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">6.125</font></font>% senior notes due 2021</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,000</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,000</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">2.75</font></font>% contingent convertible senior notes due 2035</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">396</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">396</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">2.5</font></font>% contingent convertible senior notes due 2037</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,168</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,168</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">2.25</font></font>% contingent convertible senior notes due 2038</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(c)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">347</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">347</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Corporate revolving bank credit facility</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,462</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Midstream revolving bank credit facility</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">258</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services revolving bank credit facility</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">172</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">29</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Discount on senior notes</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(d)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(487</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(490</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate derivatives</font><font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(e)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">25</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">28</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total long-term debt, net</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">13,082</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10,626</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The principal amount shown is based on the exchange rate of $1.3334 to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font><font style="font-family: ARIAL;" class="_mt" size="2"> </font>1.00 and $1.2973 to <font style="font-family: Times New Roman;" class="_mt" size="2">€</font><font style="font-family: ARIAL;" class="_mt" size="2"> </font>1.00 as of March 31, 2012 and December 31, 2011, respectively. See Note 7 for information on our related foreign currency derivatives. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(b)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Issuers are Chesapeake Oilfield Operating, L.L.C. (COO) and Chesapeake Oilfield Finance, Inc. (COF), a wholly owned subsidiary of COO formed solely to facilitate the offering of the 6.625% Senior Notes due 2019. COF is nominally capitalized and has no operations or revenues. Chesapeake Energy Corporation is the issuer of all other senior notes and the contingent convertible senior notes. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(c)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The holders of our contingent convertible senior notes may require us to repurchase, in cash, all or a portion of their notes at 100% of the principal amount of the notes on any of four dates that are five, ten, fifteen and twenty years before the maturity date. The notes are convertible, at the holder's option, prior to maturity under certain circumstances into cash and, if applicable, shares of our common stock using a net share settlement process. One such triggering circumstance is when the price of our common stock exceeds a threshold amount during a specified period in a fiscal quarter. Convertibility based on common stock price is measured quarter by quarter. In the first quarter of 2012, the price of our common stock was below the threshold level for each series of the contingent convertible senior notes during the specified period and, as a result, the holders do not have the option to convert their notes into cash and common stock in the second quarter of 2012 under this provision. The notes are also convertible, at the holder's option, during specified five-day periods if the trading price of the notes is below certain levels determined by reference to the trading price of our common stock. In general, upon conversion of a contingent convertible senior note, the holder will receive cash equal to the principal amount of the note and common stock for the note's conversion value in excess of such principal amount. We will pay contingent interest on the convertible senior notes after they have been outstanding at least ten years, under certain conditions. We may redeem the convertible senior notes once they have been outstanding for ten years at a redemption price of 100% of the principal amount of the notes, payable in cash. The optional repurchase dates, the common stock price conversion threshold amounts and the ending date of the first six-month period in which contingent interest may be payable for the contingent convertible senior notes are as follows: </font></p></td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="14%"> </td> <td valign="bottom" width="2%"> </td> <td width="54%"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 110pt;"> </td> <td> </td> <td> </td> <td style="width: 110pt;"> </td> <td valign="bottom" width="2%"> </td> <td style="width: 78pt;"> </td> <td> </td> <td> </td> <td style="width: 78pt;"> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Contingent<br />Convertible<br />Senior Notes</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Repurchase Dates</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Common Stock<br />Price Conversion<br />Thresholds</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Contingent Interest<br />First Payable</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>(if applicable)</b></font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">2.75</font></font>% due 2035</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  November 15, 2015, 2020, 2025, 2030</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">        48.51</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">    May 14, 2016</font></td></tr> <tr><td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">2.5</font></font>% due 2037</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  May 15, 2017, 2022, 2027, 2032</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">        64.16</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">    November 14, 2017</font></td></tr> <tr bgcolor="#cceeff"><td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2"><font style="font-family: ARIAL;" class="_mt" size="2">2.25</font></font>% due 2038</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">  December 15, 2018, 2023, 2028, 2033</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">107.27</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">    June 14, 2019</font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(d)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Discount at March 31, 2012 and December 31, 2011 included $427 million and $444 million, respectively, associated with the equity component of our contingent convertible senior notes. This discount is based on an effective yield method. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(e)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">See Note 7 for further discussion related to these instruments. </font></p></td></tr></table></div> </div>
</us-gaap:ScheduleOfDebtTableTextBlock>
<us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="41%"> </td> <td valign="bottom" width="6%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom" colspan="3"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value Derivatives</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Location of Gain (Loss)                                             </b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom" colspan="5"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">Interest expense</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock>
<us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="40%"> </td> <td valign="bottom" width="4%"> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"> <font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"> <p style="margin-top: 0px; margin-bottom: 1px;" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Balance Sheet Location</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>March 31,<br />2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>December 31,<br />2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Asset Derivatives:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives not designated as hedging instruments:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" nowrap="nowrap" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">76</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">54</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">11</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Liability Derivatives:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives designated as hedging instruments:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Foreign currency contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(38</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8" colspan="3"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Derivatives not designated as hedging instruments:</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(277</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(232</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Commodity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,553</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,462</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Interest rate contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Long-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(43</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(42</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Equity contracts</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">Short-term derivative instruments</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,878</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,736</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td height="8" colspan="3"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top" colspan="3"> <p style="text-indent: -1em; margin-left: 4em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total derivative instruments</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,811</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,719</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> </div>
</us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock>
<us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <font style="font-family: ARIAL;" class="_mt" size="2"> </font> <div> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>14. Recently Issued and Proposed Accounting Standards </b></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The Financial Accounting Standards Board (FASB) recently issued the following standards which we reviewed to determine the potential impact on our financial statements upon adoption. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In December 2011, the FASB issued guidance on disclosure of information about offsetting and related arrangements to enable users of a company's financial statements to understand the effect of those arrangements on its financial position. The standard is effective for annual reporting periods beginning on or after January 1, 2013. This guidance will not have an impact on our financial position or results of operations. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In June 2011, the FASB issued guidance on comprehensive income, which provides two options for presenting items of net income, comprehensive income and total comprehensive income, by either creating one continuous statement of comprehensive income or two separate consecutive statements. We adopted this guidance in 2011. Adoption had no impact on our financial position or results of operations. In December 2011, the FASB deferred the effective date of certain presentation requirements for items reclassified out of accumulated other comprehensive income. This guidance will not have an impact on our financial position or results of operations. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In May 2011, the FASB issued guidance on fair value measurement and disclosure requirements which expands existing fair value disclosure requirements, particularly for Level 3 inputs. The new requirements include quantitative disclosure of the unobservable inputs and assumptions used in the measurement; description of the valuation processes in place and sensitivity of the fair value to changes in unobservable inputs; and the level of items (in the fair value hierarchy) that are not measured at fair value in the balance sheet but whose fair value must be disclosed. The guidance was effective for interim and annual periods beginning on or after December 15, 2011. Adoption had no impact on our financial position or results of operations. </font></p></div> </div>
</us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock>
<us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="72%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="9%"> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Number  of</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Unvested<br />Restricted<br />Shares</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted Average<br />Grant-Date</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested shares as of January 1, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">19,544</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  26.97</font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Granted</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  23.60</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Vested</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,450</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  27.21</font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Forfeited</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(307</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  26.12</font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested shares as of March 31, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20,495</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  26.17</font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> </div>
</us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock>
<us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="31%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Exploration<br />and<br />Production</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Marketing,<br />Gathering<br />and<br />Compression</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Oilfield<br />Services</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Other<br />Operations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Intercompany<br />Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated<br />Total</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="22" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>For the Three Months Ended</b> <b>March 31, 2012:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,392</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">447</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,488</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,419</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intersegment revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,176</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(312</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,488</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,216</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">135</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,419</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Income (loss) before income taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">86</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">66</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">40</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(97</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>For the Three Months Ended March 31, 2011:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,221</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">248</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intersegment revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,204</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(147</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,017</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Income (loss) before income taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(307</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(76</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(266</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>As of March 31, 2012:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,060</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,264</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,869</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,431</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,035</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45,589</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>As of December 31, 2011:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">35,403</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,047</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,571</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,718</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,904</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41,835</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr></table> </div>
</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
<us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="Duration_1_1_2012_To_3_31_2012">
<div> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="55%"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 127pt;"> </td> <td> </td> <td> </td> <td style="width: 127pt;"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 85pt;"> </td> <td> </td> <td> </td> <td style="width: 85pt;"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 121pt;"> </td> <td> </td> <td> </td> <td style="width: 121pt;"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 32pt;"> </td> <td> </td> <td> </td> <td style="width: 32pt;"> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Number of<br />Shares<br />Underlying<br />Options</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted<br />Average<br />Exercise<br />Price</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Per  Share</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted<br />Average<br />Contract<br />Life in<br />    Years    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Aggregate</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Intrinsic</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Value<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding at January 1, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,051</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">$    9.84</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">1.41</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$    13</font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Exercised</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">$    7.08</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding and exercisable at March 31, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">        942</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">$  10.17</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">1.24</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$    12</font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option. </font></p></td></tr></table></div> </div>
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<us-gaap:SecuredDebtRepurchaseAgreements contextRef="As_Of_12_31_2011_us-gaap_DebtInstrumentAxis_chk_TwoPointTwoFivePercentContingentConvertibleSeniorNotesDueTwoThousandThirtyEightMember" decimals="-6" unitRef="Unit1"> 140000000 </us-gaap:SecuredDebtRepurchaseAgreements>
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<div> <p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>12. Segment Information </b></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In accordance with accounting guidance for disclosures about segments of an enterprise and related information, we have three reportable operating segments. Our exploration and production operating segment, natural gas and oil marketing, gathering and compression operating segment and oilfield services operating segment are managed separately because of the nature of their products and services. The exploration and production operating segment is responsible for finding and producing natural gas and oil. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of natural gas and oil primarily from Chesapeake-operated wells. The oilfield services operating segment is responsible for contract drilling, oilfield trucking, oilfield rental, hydraulic fracturing and other oilfield services operations for both Chesapeake-operated wells and wells operated by third parties. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">COO, a wholly owned subsidiary of COS, is a diversified oilfield services company that we formed in October 2011 to own and operate our oilfield service assets. COO provides a wide range of well site services, primarily to Chesapeake and its working interest partners, including contract drilling, hydraulic fracturing, oilfield rentals, transportation and manufacturing of natural gas compressor packages and related production equipment. In connection with the reorganization of our oilfield services subsidiaries and operations, those subsidiaries were released from the guarantees and other credit support obligations that existed for the benefit of Chesapeake and its other subsidiaries, including Chesapeake's senior notes and contingent convertible senior notes, its corporate revolving bank credit facility and its multi-counterparty hedging facility. In addition, COO and its subsidiaries entered into agreements with Chesapeake pursuant to which they sublease rigs, provide certain oilfield services and obtain certain administrative services. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As a result of the formal reorganization of our oilfield services business in October 2011, we are recognizing our oilfield services business as a new reportable segment. Historically, our oilfield services business was presented as part of other operations. All prior year information has been restated to reflect the addition of our oilfield services business as a new reportable segment. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Management evaluates the performance of our segments based upon income (loss) before income taxes. Revenues from the sale of natural gas and oil related to Chesapeake's ownership interests by the marketing, gathering and compression operating segment are reflected as exploration and production revenues. Such amounts totaled $<font class="_mt">1.176</font> billion and $<font class="_mt">1.204</font> billion for the Current Quarter and the Prior Quarter, respectively. The following table presents selected financial information for Chesapeake's operating segments. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="31%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Exploration<br />and<br />Production</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Marketing,<br />Gathering<br />and<br />Compression</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Oilfield<br />Services</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Other<br />Operations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Intercompany<br />Eliminations</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Consolidated<br />Total</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="22" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>For the Three Months Ended</b> <b>March 31, 2012:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,392</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">447</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,488</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,419</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intersegment revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,176</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(312</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,488</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,068</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,216</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">135</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,419</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Income (loss) before income taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">86</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">66</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">40</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(97</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>For the Three Months Ended March 31, 2011:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,221</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">248</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Intersegment revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,204</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(147</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,351</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total revenues</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">494</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,017</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">—</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Income (loss) before income taxes</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(307</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">87</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">21</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(76</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(266</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>As of March 31, 2012:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">39,060</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,264</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,869</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,431</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(2,035</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45,589</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>As of December 31, 2011:</b></font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total Assets</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">35,403</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,047</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,571</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,718</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(1,904</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">41,835</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr></table> </div>
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<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 1612000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_MarketingGatheringAndCompressionMember" decimals="-6" unitRef="Unit1"> 2221000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_OilAndGasExplorationAndProductionMember" decimals="-6" unitRef="Unit1"> 494000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_chk_OilfieldServicesMember" decimals="-6" unitRef="Unit1"> 248000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2011_To_3_31_2011_us-gaap_StatementBusinessSegmentsAxis_us-gaap_BusinessIntersegmentEliminationsMember" decimals="-6" unitRef="Unit1"> -1351000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 2419000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_MarketingGatheringAndCompressionMember" decimals="-6" unitRef="Unit1"> 2392000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_OilAndGasExplorationAndProductionMember" decimals="-6" unitRef="Unit1"> 1068000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_chk_OilfieldServicesMember" decimals="-6" unitRef="Unit1"> 447000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:SegmentReportingInformationRevenue contextRef="Duration_1_1_2012_To_3_31_2012_us-gaap_StatementBusinessSegmentsAxis_us-gaap_BusinessIntersegmentEliminationsMember" decimals="-6" unitRef="Unit1"> -1488000000 </us-gaap:SegmentReportingInformationRevenue>
<us-gaap:ShareBasedCompensation contextRef="Duration_1_1_2011_To_3_31_2011" decimals="-6" unitRef="Unit1"> 40000000 </us-gaap:ShareBasedCompensation>
<us-gaap:ShareBasedCompensation contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-6" unitRef="Unit1"> 32000000 </us-gaap:ShareBasedCompensation>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-3" unitRef="Unit19"> 307000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue contextRef="As_Of_3_31_2012" decimals="2" unitRef="Unit17"> 26.12 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-3" unitRef="Unit19"> 4708000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit17"> 23.60 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber contextRef="As_Of_12_31_2011" decimals="-3" unitRef="Unit19"> 19544000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber contextRef="As_Of_3_31_2012" decimals="-3" unitRef="Unit19"> 20495000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="As_Of_12_31_2011" decimals="2" unitRef="Unit17"> 26.97 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="As_Of_3_31_2012" decimals="2" unitRef="Unit17"> 26.17 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod contextRef="Duration_1_1_2012_To_3_31_2012" decimals="-3" unitRef="Unit19"> 3450000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit17"> 27.21 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="As_Of_3_31_2012" decimals="-3" unitRef="Unit19"> 942000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice contextRef="As_Of_3_31_2012" decimals="2" unitRef="Unit17"> 10.17 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm contextRef="Duration_1_1_2011_To_12_31_2011" decimals="2" unitRef="Unit12"> 1.41 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm contextRef="Duration_1_1_2012_To_3_31_2012" decimals="2" unitRef="Unit12"> 1.24 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="As_Of_3_31_2012" decimals="2" unitRef="Unit17"> 7.08 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="As_Of_12_31_2011" decimals="-6" id="Item-0131" unitRef="Unit1"> 13000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="As_Of_3_31_2012" decimals="-6" id="Item-0133" unitRef="Unit1"> 12000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="As_Of_12_31_2011" decimals="-3" unitRef="Unit19"> 1051000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="As_Of_12_31_2011" decimals="2" unitRef="Unit17"> 9.84 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 80000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue>
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<div> <div> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Critical Accounting Policies </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We consider accounting policies related to derivatives, variable interest entities, natural gas and oil properties and income taxes to be critical policies. These policies are summarized in Management's Discussion and Analysis of Financial Condition and Results of Operations in our 2011 Form 10-K. </font></p></div> </div>
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<us-gaap:SignificantSupplyCommitmentRemainingMinimumAmountCommitted contextRef="As_Of_10_31_2011" decimals="-6" unitRef="Unit1"> 425000000 </us-gaap:SignificantSupplyCommitmentRemainingMinimumAmountCommitted>
<us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 16624000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -4103000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0087" unitRef="Unit1"> 3284000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 819000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0086" unitRef="Unit1"> 16624000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 16531000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -3908000000 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="As_Of_3_31_2012_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 3286000000 </us-gaap:StockholdersEquity>
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<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-6" unitRef="Unit1"> 12194000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-6" unitRef="Unit1"> 7000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" decimals="-6" unitRef="Unit1"> 3065000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-6" unitRef="Unit1"> 190000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_TreasuryStockMember" decimals="-6" unitRef="Unit1"> -24000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011" decimals="-6" unitRef="Unit1"> 14995000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> -212000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-6" unitRef="Unit1"> 12161000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-6" unitRef="Unit1"> 7000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-6" unitRef="Unit1"> 14995000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" decimals="-6" unitRef="Unit1"> 3065000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_TreasuryStockMember" decimals="-6" unitRef="Unit1"> -26000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011" decimals="-6" unitRef="Unit1"> 17961000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> -166000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-6" unitRef="Unit1"> 12146000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-6" unitRef="Unit1"> 7000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ConsolidationEliminationsMember" decimals="-6" unitRef="Unit1"> -4103000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" decimals="-6" id="Item-0091" unitRef="Unit1"> 3284000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-6" unitRef="Unit1"> 1337000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" decimals="-6" unitRef="Unit1"> 2156000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" decimals="-6" id="Item-0090" unitRef="Unit1"> 16624000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" decimals="-6" unitRef="Unit1"> 3062000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-6" unitRef="Unit1"> 1608000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_TreasuryStockMember" decimals="-6" unitRef="Unit1"> -33000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2012" decimals="-6" unitRef="Unit1"> 18894000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2012_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-6" unitRef="Unit1"> -159000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
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<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="As_Of_3_31_2012_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-6" unitRef="Unit1"> 7000000 </us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
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<div> <div> <div> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2"><b>6.</b></font></td> <td valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Stockholders' Equity, Restricted Stock, Stock Options and Noncontrolling Interests </b></font></p></td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Common Stock </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following is a summary of the changes in our common shares issued for the three months ended March 31, 2012 and 2011: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="84%"> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2"> </font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares issued at January 1</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">660,888</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">655,251</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Restricted stock issuances (net of forfeitures)</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,184</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3,587</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Stock option exercises</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">182</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares issued at March 31</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">664,181</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">659,020</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Preferred Stock </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following reflects our preferred shares outstanding for the three months ended March 31, 2012 and 2011: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="72%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.75%</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.75% (A)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>4.50%</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>5.00%<br />(2005B)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="14" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares outstanding at January 1, 2012 and March 31, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,497</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,559</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,096</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Shares outstanding at January 1, 2011 and March 31, 2011</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,500</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,559</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2,096</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Dividends </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Dividends declared on our common stock and preferred stock are reflected as adjustments to retained earnings to the extent a surplus of retained earnings will exist after giving effect to the dividends. To the extent retained earnings are insufficient to fund the distributions, such payments constitute a return of contributed capital rather than earnings and are accounted for as a reduction to paid-in capital. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Dividends on our outstanding preferred stock are payable quarterly. We may pay dividends on our <font class="_mt">5.00</font>% Cumulative Convertible Preferred Stock (Series 2005B) and our <font class="_mt">4.50</font>% Cumulative Convertible Preferred Stock in cash, common stock or a combination thereof, at our option. Dividends on both series of our <font class="_mt">5.75</font>% Cumulative Convertible Non-Voting Preferred Stock are payable only in cash. </font></p> <p style="margin-top: 6px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Stock-Based Compensation </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Chesapeake's stock-based compensation program consists of restricted stock and, prior to 2006, stock options issued to employees and non-employee directors. We recognize in our financial statements the cost of employee services received in exchange for awards of equity instruments based on the fair value of the equity instruments at the date of the grant. This value is amortized over the vesting period, which is generally <font class="_mt">four</font> years from the date of grant for employees and <font class="_mt">three</font> years for non-employee directors. To the extent compensation cost relates to employees directly involved in natural gas and oil acquisition, exploration and development activities, such amounts are capitalized to natural gas and oil properties. Amounts not capitalized to natural gas and oil properties are recognized as general and administrative expenses, natural gas and oil production expenses, marketing, gathering and compression expenses or oilfield services expenses. We recorded the following stock-based compensation during the Current Quarter and the Prior Quarter: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="86%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Three Months Ended<br />March 31,</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2012</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>2011</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="4"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil properties</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">General and administrative expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">19</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">23</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Natural gas and oil production expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Marketing, gathering and compression expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Oilfield services expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Total</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">52</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">71</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Restricted Stock. </i>Chesapeake began issuing shares of restricted common stock to employees in January 2004 and to non-employee directors in July 2005. A summary of the changes in unvested shares of restricted stock for the three months ended March 31, 2012 is presented below. </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="line-height: 0pt; visibility: hidden; color: white;"><td width="72%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td> <td> </td> <td valign="bottom" width="9%"> </td> <td nowrap="nowrap"><font class="_mt" size="2">xxxxxxxxxx</font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Number  of</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Unvested<br />Restricted<br />Shares</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted Average<br />Grant-Date</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Fair Value</b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested shares as of January 1, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">19,544</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  26.97</font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Granted</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  23.60</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Vested</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(3,450</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  27.21</font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Forfeited</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(307</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">) </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  26.12</font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Unvested shares as of March 31, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">20,495</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$  26.17</font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The aggregate intrinsic value of restricted stock vested during the Current Quarter was approximately $<font class="_mt">80</font> million based on the stock price at the time of vesting. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">As of March 31, 2012, there was $<font class="_mt">388</font> million of total unrecognized compensation cost related to unvested restricted stock. The cost is expected to be recognized over a weighted average period of approximately <font class="_mt">three</font> years. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The vesting of certain restricted stock grants could result in state and federal income tax benefits related to the difference between the market price of the common stock at the date of vesting and the date of grant. During the Current Quarter and the Prior Quarter, we recognized reductions in tax benefits related to restricted stock of $<font class="_mt">4</font> million and $<font class="_mt">1</font> million, respectively, which were recorded as adjustments to additional paid-in capital and deferred income taxes. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Stock Options</i>. We granted stock options prior to 2006 under several stock compensation plans. Outstanding options expire ten years from the date of grant and vested over a four-year period. All of our outstanding stock options are fully vested and exercisable and there are no shares authorized for future grants. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The following table provides information related to stock option activity for the three months ended March 31, 2012: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="55%"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 127pt;"> </td> <td> </td> <td> </td> <td style="width: 127pt;"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 85pt;"> </td> <td> </td> <td> </td> <td style="width: 85pt;"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 121pt;"> </td> <td> </td> <td> </td> <td style="width: 121pt;"> </td> <td valign="bottom" width="7%"> </td> <td style="width: 32pt;"> </td> <td> </td> <td> </td> <td style="width: 32pt;"> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Number of<br />Shares<br />Underlying<br />Options</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted<br />Average<br />Exercise<br />Price</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Per  Share</b></font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Weighted<br />Average<br />Contract<br />Life in<br />    Years    </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Aggregate</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Intrinsic</b></font><br /><font style="font-family: ARIAL;" class="_mt" size="2"><b>Value<font style="font-family: ARIAL;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: ARIAL;" class="_mt" size="2"> </font></b></font></td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>(in thousands)</b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>($ in millions)</b></font></td></tr> <tr><td height="8"> </td> <td height="8" colspan="4"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding at January 1, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1,051</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">$    9.84</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">1.41</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$    13</font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="2">Exercised</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">(109</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">)</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">$    7.08</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 1px solid;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="2">Outstanding and exercisable at March 31, 2012</font></p></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">        942</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4"><font style="font-family: ARIAL;" class="_mt" size="2">$  10.17</font></td> <td valign="bottom"><font class="_mt" size="1">  </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">1.24</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="4" align="center"><font style="font-family: ARIAL;" class="_mt" size="2">$    12</font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td valign="bottom"> <p style="border-top: #000000 3px double;"> </p></td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> <p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 21%; margin-bottom: 2px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="4%" align="left"><font style="font-family: ARIAL;" class="_mt" size="2">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option. </font></p></td></tr></table></div> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">There is no remaining unrecognized compensation cost related to unvested stock options. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">During the Current Quarter and the Prior Quarter, we recognized excess tax benefits related to stock options of a nominal amount and $<font class="_mt">1</font> million, respectively, which were recorded as adjustments to additional paid-in capital and deferred income taxes. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; margin-left: 4%;"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Noncontrolling Interests </i></font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Cleveland Tonkawa Financial Transaction.</i> We formed CHK Cleveland Tonkawa, L.L.C. (CHK C-T) in March 2012 to continue development of a portion of our Cleveland and Tonkawa plays. CHK C-T is an unrestricted subsidiary under our corporate credit facility agreement and is not a guarantor of, or otherwise liable for, any of our indebtedness or other liabilities, including under our indentures. In exchange for all of the common shares of CHK C-T, we contributed to CHK C-T approximately <font class="_mt">245,000</font> net acres of leasehold and <font class="_mt">360</font> existing wells within an area of mutual interest in the Cleveland and Tonkawa plays covering Ellis and Roger Mills counties in western Oklahoma. In March 2012, in a private placement, third-party investors contributed $<font class="_mt">1.25</font> billion in cash to CHK C-T in exchange for (i) <font class="_mt">1.25</font> million preferred shares, and (ii) our obligation to deliver a <font class="_mt">3.75</font>% overriding royalty interest (ORRI) in the existing wells and up to <font class="_mt">1,000</font> net wells to be drilled on certain of our Cleveland and Tonkawa play leasehold. Subject to customary minority interest protections afforded the investors by the terms of the CHK C-T limited liability company agreement (the CHK C-T LLC Agreement), as the holder of all the common shares and the sole managing member of CHK C-T, we maintain voting and managerial control of CHK C-T and therefore include it in our condensed consolidated financial statements. Of the $1.25 billion of investment proceeds, we allocated $<font class="_mt">225</font> million to the ORRI obligation and $<font class="_mt">1.025</font> billion to the preferred shares based on estimates of fair values. The ORRI obligation is included in other current and long-term liabilities and the preferred shares are included in noncontrolling interests on our condensed consolidated balance sheet. Pursuant to the CHK C-T LLC Agreement, CHK C-T is required to retain $<font class="_mt">300</font> million of the $1.25 billion of investment proceeds to fund its development activities and make the next two quarters of preferred dividend payments. The amount reserved for paying such dividends, approximately $<font class="_mt">37</font> million, is reflected as restricted cash on our condensed consolidated balance sheet. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Dividends on the preferred shares are payable on a quarterly basis at a rate of <font class="_mt">6</font>% per annum based on $<font class="_mt">1,000</font> per share. This dividend rate is subject to increase in limited circumstances in the event that, and only for so long as, cash flow from the assets owned by CHK C-T is insufficient to fund the dividend in full in any quarter, whether as a result of capital expenditures, drilling results or otherwise. As the managing member of CHK C-T, we may, at our sole discretion and election at any time after March 31, 2014, distribute certain excess cash of CHK C-T, as determined in accordance with the CHK C-T LLC Agreement. Any such optional distribution of excess cash is allocated <font class="_mt">75</font>% to the preferred shares (which is applied toward redemption of the preferred shares) and <font class="_mt">25</font>% to the common shares unless we have not met our drilling commitment at such time, in which case such optional distributions would be allocated <font class="_mt">100</font>% to the preferred shares (and applied toward redemption thereof). We may also, at our sole election and discretion, in accordance with the CHK C-T LLC Agreement, cause CHK C-T to redeem all or a portion of the CHK C-T preferred shares for cash. The preferred shares will be redeemed at a valuation equal to the greater of a <font class="_mt">9</font>% internal rate of return or a return on investment of <font class="_mt">1.35</font>x, in each case inclusive of dividends paid at the rate of 6% per annum and optional distributions made through the applicable redemption date. In the event that redemption does not occur on or prior to March 31, 2019, the optional redemption valuation will increase to provide a <font class="_mt">15</font>% internal rate of return to the investors. The preferred shares are redeemed on a pro-rata basis in accordance with the then-applicable redemption valuation formula. As of March 31, 2012, the redemption price, and the liquidation preference, was $<font class="_mt">1,350</font> per preferred share. We have committed to drill, for the benefit of CHK C-T, a minimum of <font class="_mt">37.5</font> net wells per six-month period through 2013 and <font class="_mt">25</font> net wells per six-month period in 2014 through 2016 in the CHK C-T area of mutual interest, up to a minimum cumulative total of <font class="_mt">300</font> net wells. If we fail to meet the then-current drilling commitment in any year, any optional cash distributions would be distributed <font class="_mt">100</font>% to the investors. If we fail to meet the then-current drilling commitment in two consecutive six-month periods, the then-applicable internal rate of return to investors at redemption would increase by <font class="_mt">3</font>% per annum. In addition, if we fail to meet the then-current drilling commitment in four consecutive six-month periods, the then-applicable internal rate of return to investors at redemption would be increased by an additional <font class="_mt">3</font>% per annum. Any such increase in the internal rate of return would be effective only until the end of the first succeeding six-month period in which we have met our then-current drilling commitment. CHK C-T is responsible for all capital and operating costs of the wells drilled for the benefit of the entity. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 0px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The CHK C-T investors' right to receive, proportionately, a 3.75% ORRI in the existing wells and up to 1,000 net wells drilled on our Cleveland and Tonkawa leasehold is subject to an increase to <font class="_mt">5</font>% in any year following a year in which we do not meet our commitment to drill the wells subject to the ORRI obligation, which runs from 2012 through the first quarter of 2025. However, in no event would we deliver to investors more than a total ORRI of 3.75% in 1,000 net wells. If at any time we hold fewer net acres than would enable us to drill all then-remaining net wells on <font class="_mt">160</font>-acre spacing, the investors have the right to require us to repurchase their right to receive ORRIs in the remaining net wells at the then-current fair market value of such remaining net wells. We retain the right to repurchase the investors' right to receive ORRIs in the remaining net wells at the then-current fair market value of such remaining net wells once we have drilled a minimum of <font class="_mt">867</font> net wells. The obligation to deliver future ORRIs has been recorded as a liability which will be settled through the future conveyance of the underlying ORRIs to the investors on a net-well basis, at which time the associated liability will be reversed and the sale of the ORRIs reflected as an adjustment to the capitalized cost of our natural gas and oil properties. As of March 31, 2012, $<font class="_mt">1.015</font> billion was recorded as noncontrolling interest on our condensed consolidated balance sheet representing the third-party investment in CHK C-T. For the Current Quarter, no income was attributable to the noncontrolling interests of CHK C-T. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Utica Financial Transaction.</i> We formed CHK Utica, L.L.C. (CHK Utica) in October 2011 to develop a portion of our Utica Shale natural gas and oil assets. CHK Utica is an unrestricted subsidiary under our corporate credit facility agreement and is not a guarantor of, or otherwise liable for, any of our indebtedness or other liabilities, including under our indentures. In exchange for all of the common shares of CHK Utica, we contributed to CHK Utica approximately <font class="_mt">700,000</font> net acres of leasehold and 19 existing wells within an area of mutual interest in the Utica Shale play covering <font class="_mt">13</font> counties located primarily in eastern Ohio. During November and December 2011, in private placements, third-party investors contributed $<font class="_mt">1.25</font> billion in cash to CHK Utica in exchange for (i) <font class="_mt">1.25</font> million preferred shares, and (ii) our obligation to deliver a <font class="_mt">3</font>% ORRI in up to <font class="_mt">1,500</font> net wells to be drilled on certain of our Utica Shale leasehold. Subject to customary minority interest protections afforded the investors by the terms of the CHK Utica limited liability company agreement (the CHK Utica LLC Agreement), as the holder of all the common shares and the sole managing member of CHK Utica, we maintain voting and managerial control of CHK Utica and therefore include it in our condensed consolidated financial statements. Of the $1.25 billion of investment proceeds, we allocated $<font class="_mt">300</font> million to the ORRI obligation and $<font class="_mt">950</font> million to the preferred shares based on estimates of fair values. The ORRI obligation is included in other current and long-term liabilities and the preferred shares are included in noncontrolling interests on our condensed consolidated balance sheet. Pursuant to the CHK Utica LLC Agreement, CHK Utica is required to retain $<font class="_mt">400</font> million of the $1.25 billion of investment proceeds to fund its development activities and make the next two quarters of preferred dividend payments. The amount reserved for paying such dividends, approximately $<font class="_mt">44</font> million, is reflected as restricted cash on our condensed consolidated balance sheet. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">Dividends on the preferred shares are payable on a quarterly basis at a rate of <font class="_mt">7</font>% per annum based on $<font class="_mt">1,000</font> per share. This dividend rate is subject to increase in limited circumstances in the event that, and only for so long as, cash flow from the assets owned by CHK Utica is insufficient to fund the dividend in full in any quarter, whether as a result of capital expenditures, drilling results or otherwise. We have committed to drill, for the benefit of CHK Utica, a minimum of <font class="_mt">50</font> net wells per year through 2016 in the CHK Utica area of mutual interest, up to a minimum cumulative total of <font class="_mt">250</font> net wells. If we fail to meet the then-current drilling commitment in any year, we must pay to CHK Utica $<font class="_mt">5</font> million for each well we are short of such drilling commitment. <font class="_mt">As the managing member of CHK Utica, we may, at our sole discretion and election at any time after December 31, 2013, distribute certain excess cash of CHK Utica, as determined in accordance with the CHK Utica LLC Agreement. Any such optional distribution of excess cash is allocated <font class="_mt">70</font>% to the preferred shares (which is applied toward redemption of the preferred shares) and <font class="_mt">30</font>% to the common shares unless we have not met our drilling commitment at such time, in which case such optional distributions would be allocated <font class="_mt">100</font>% to the preferred shares (and applied toward redemption thereof). We may also, at our sole election and discretion, in accordance with the CHK Utica LLC Agreement, cause CHK Utica to redeem the CHK Utica preferred shares for cash, in whole or in part. The preferred shares will be redeemed at a valuation equal to the greater of a <font class="_mt">10</font>% internal rate of return or a return on investment of <font class="_mt">1.4</font>x, in each case inclusive of dividends paid at the rate of <font class="_mt">7</font>% per annum and optional distributions made through the applicable redemption date. In the event that redemption does not occur on or prior to October 31, 2018, the optional redemption valuation will increase to the greater of a <font class="_mt">17.5</font>% internal rate of return or a return on investment of <font class="_mt">2.0</font>x</font>. The preferred shares are redeemed on a pro-rata basis in accordance with the then-applicable redemption valuation formula. As of March 31, 2012, the redemption price, and the liquidation preference, was approximately $<font class="_mt">1,375</font> per preferred share. CHK Utica is responsible for all capital and operating costs of the wells drilled for the benefit of the entity. CHK Utica also receives its proportionate share of the benefit of the drilling carry associated with our joint venture with Total in the Utica Shale. See Note 8 for further discussion of the joint venture. </font></p> <div class="MetaData"> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The CHK Utica investors' right to receive, proportionately, a <font class="_mt">3</font>% ORRI in the first <font class="_mt">1,500</font> net wells drilled on our Utica Shale leasehold is subject to an increase to <font class="_mt">4</font>% in any year following a year in which we do not meet our commitment to drill the wells subject to the ORRI obligation, which runs from 2012 through 2023. However, in no event would we deliver to investors more than a total ORRI of 3% in 1,500 net wells. If at any time we hold fewer net acres than would enable us to drill all then-remaining net wells on <font class="_mt">150</font>-acre spacing, the investors have the right to require us to repurchase their right to receive ORRIs in the remaining net wells at the then-current fair market value of such remaining net wells. We retain the right to repurchase the investors' right to receive ORRIs in the remaining net wells at the then-current fair market value of such remaining net wells once we have drilled a minimum of <font class="_mt">1,300</font> net wells. The obligation to deliver future ORRIs has been recorded as a liability which will be settled through the future conveyance of the underlying ORRIs to the investors on a net-well basis, at which time the associated liability will be reversed and the sale of the ORRIs reflected as an adjustment to the capitalized cost of our natural gas and oil properties. As of March 31, 2012 and December 31, 2011, $950 million was recorded as noncontrolling interest on our condensed consolidated balance sheets representing the third-party investment in CHK Utica. For the Current Quarter, approximately $<font class="_mt">22</font> million of income was attributable to the noncontrolling interests of CHK Utica. </font></p></div> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Chesapeake Granite Wash Trust.</i> In November 2011, Chesapeake Granite Wash Trust (the Trust) sold <font class="_mt">23,000,000</font> common units representing beneficial interests in the Trust at a price of $<font class="_mt">19.00</font> per common unit in its initial public offering. The common units are listed on the New York Stock Exchange and trade under the symbol "CHKR". We own <font class="_mt">12,062,500</font> common units and <font class="_mt">11,687,500</font> subordinated units, which in the aggregate represent an approximate <font class="_mt">51</font>% beneficial interest in the Trust. The Trust has a total of <font class="_mt">46,750,000</font> units outstanding. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">In connection with the initial public offering of the Trust, we conveyed royalty interests to the Trust that entitle the Trust to receive (i) <font class="_mt">90</font>% of the proceeds (after deducting post-production expenses and any applicable taxes) that we receive from the production of hydrocarbons from <font class="_mt">69</font> producing wells, and, (ii) <font class="_mt">50</font>% of the proceeds (after deducting post-production expenses and any applicable taxes) in <font class="_mt">118</font> development wells that have been or will be drilled on approximately <font class="_mt">45,400</font> gross acres (<font class="_mt">29,300</font> net acres) in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. Pursuant to the terms of a development agreement with the Trust, we are obligated to drill, or cause to be drilled, the development wells at our own expense prior to June 30, 2016, and the Trust will not be responsible for any costs related to the drilling of the development wells or any other operating or capital costs of the Trust properties. In addition, we granted to the Trust a lien on our remaining royalty interests in the development wells in order to secure our drilling obligation to the Trust, although the maximum amount that may be recovered by the Trust under such lien could not exceed $<font class="_mt">263</font> million initially and is proportionately reduced as we fulfill our drilling obligation over time. As of March 31, 2012, we had drilled or caused to be drilled <font class="_mt">21</font> development wells and the maximum amount recoverable under the drilling support lien was approximately $<font class="_mt">212</font> million. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">The subordinated units we hold in the Trust are entitled to receive pro rata distributions from the Trust each quarter if and to the extent there is sufficient cash to provide a cash distribution on the common units that is not less than the applicable subordination threshold for such quarter. If there is not sufficient cash to fund such a distribution on all of the Trust units, the distribution to be made with respect to the subordinated units will be reduced or eliminated for such quarter in order to make a distribution, to the extent possible, of up to the subordination threshold amount on the common units. In exchange for agreeing to subordinate a portion of our Trust units, and in order to provide additional financial incentive to us to satisfy our drilling obligation and perform operations on the underlying properties in an efficient and cost-effective manner, Chesapeake is entitled to receive <font class="_mt">incentive distributions equal to <font class="_mt">50</font>% of the amount by which the cash available for distribution on the Trust units in any quarter exceeds the applicable incentive threshold for such quarter. The remaining <font class="_mt">50</font>% of cash available for distribution in excess of the applicable incentive threshold will be paid to Trust unitholders, including Chesapeake, on a pro rata basis.</font> At the end of the fourth full calendar quarter following our satisfaction of our drilling obligation with respect to the development wells, the subordinated units will automatically convert into common units on a one-for-one basis and our right to receive incentive distributions will terminate. After such time, the common units will no longer have the protection of the subordination threshold, and all Trust unitholders will share in the Trust's distributions on a pro rata basis. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">On February 8, 2012, the Trust declared a cash distribution of approximately $<font class="_mt">34</font> million, or $<font class="_mt">0.73</font> per unit, for the three-month period ended December 31, 2011 and covering production for the period from September 1, 2011 to November 30, 2011. The distribution was paid on March 1, 2012 to record unitholders as of February 20, 2012. Of the total distribution, approximately $<font class="_mt">17</font> million was paid to Chesapeake. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2">We have determined that the Trust constitutes a VIE and that Chesapeake is the primary beneficiary. As a result, the Trust is included in our condensed consolidated financial statements. As of March 31, 2012 and December 31, 2011, $<font class="_mt">367</font> million and $<font class="_mt">380</font> million was recorded as a noncontrolling interest, respectively, on our condensed consolidated balance sheets representing the public unitholders' investment in common units of the Trust. For the Current Quarter, approximately $<font class="_mt">3</font> million of income was attributable to the Trust's noncontrolling interests in our condensed consolidated statement of operations. See Note 10 for further discussion of VIEs. </font></p> <p style="margin-top: 12px; text-indent: 32px; margin-bottom: 0px;" align="justify"><font style="font-family: ARIAL;" class="_mt" size="2"><i>Cardinal Gas Services. </i>Cardinal Gas Services, L.L.C. (Cardinal), an unrestricted, non-guarantor consolidated subsidiary, was formed in December 2011 to acquire, develop, operate and own midstream assets in the Utica Shale. In exchange for the contribution of approximately $<font class="_mt">14</font> million in midstream assets to Cardinal, we received <font class="_mt">66</font>% of the outstanding membership units of Cardinal. In exchange for approximately $<font class="_mt">5</font> million, Total E&P USA, Inc. (Total) received <font class="_mt">25</font>% of the outstanding membership units and in exchange for approximately $<font class="_mt">2</font> million, CGAS Properties, L.P. (CGAS), an affiliate of Enervest, Ltd., received <font class="_mt">9</font>% of the membership units. We have determined that Cardinal constitutes a VIE and that Chesapeake is the primary beneficiary. As a result, Cardinal is included in our condensed consolidated financial statements. The contributions from Total and CGAS were recorded as noncontrolling interests. Each member is responsible for its proportionate share of capital costs. As of March 31, 2012 and December 31, 2011, the noncontrolling interest balances on the condensed consolidated balance sheet associated with the contributions from Total and CGAS was approximately $<font class="_mt">31</font> million and $<font class="_mt">7</font> million, respectively. For the Current Quarter, a nominal loss was attributable to Cardinal's noncontrolling interests in our condensed consolidated statement of operations.</font></p></div></div> </div>
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<link:footnote xlink:label="Footnote-16" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> $9 million and $10 million of the total $299 million and $300 million obligation are recorded in other current liabilities as of March 31, 2012 and December 31, 2011, respectively. See Note 6 for further discussion of the CHK Utica financial transaction. </link:footnote>
<link:footnote xlink:label="Footnote-17" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> $12 million of the total $197 million obligation is recorded in other current liabilities. See Note 6 for further discussion of the CHK C-T financial transaction. </link:footnote>
<link:footnote xlink:label="Footnote-05" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> We have revised the amounts presented as long-term debt in the Guarantor Subsidiaries and Parent columns to properly reflect the long-term debt issued by the Parent of $8.2 billion, which was incorrectly presented as long-term debt attributable to the Guarantors subsidiaries as of December 31, 2011. The impact of this error was not material to the prior period December 31, 2011 financial statements. </link:footnote>
<link:footnote xlink:label="Footnote-22" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> As of March 31, 2012. The Utica carry must be used by January 2018 and the Niobrara carry must be used by December 2014. We expect to fully utilize these drilling carry commitments prior to expiration. See Note 4 for further discussion. </link:footnote>
<link:footnote xlink:label="Footnote-03" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Fair value is based on an estimate derived from option models. </link:footnote>
<link:footnote xlink:label="Footnote-04" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Fair value is based on an estimate of discounted cash flows. </link:footnote>
<link:footnote xlink:label="Footnote-01" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US" xmlns="http://www.w3.org/1999/xhtml">
<table border="0" cellpadding="0" cellspacing="0" width="96%"> <tr> <td width="58%"> </td> <td valign="bottom" width="8%"/> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"/> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"/> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"/> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="6" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>Natural Gas</b> </font> </td> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="6" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>Interest</b> </font> </td> <td valign="bottom"/> </tr> <tr> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="6" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>and Oil Sales</b> </font> </td> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="6" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>Expense</b> </font> </td> <td valign="bottom"/> </tr> <tr> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="2" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>2012</b> </font> </td> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="2" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>2011</b> </font> </td> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="2" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>2012</b> </font> </td> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="2" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>2011</b> </font> </td> <td valign="bottom"/> </tr> <tr> <td valign="bottom"/> <td valign="bottom"/> <td align="center" colspan="14" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>($ in millions)</b> </font> </td> <td valign="bottom"/> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"> <font size="2" style="font-family: ARIAL;">Total gains (losses) included in earnings <br/>(or change in net assets) for the period </font> </p> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">(59</font> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">) </font> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">(873</font> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">) </font> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">(1</font> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">) </font> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">16</font> </td> <td valign="bottom"/> </tr> <tr> <td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"> <font size="2" style="font-family: ARIAL;">Change in unrealized gains (losses) relating to <br/>assets still held at reporting date </font> </p> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">(132</font> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">) </font> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">(868</font> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">) </font> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">(3</font> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">) </font> </td> <td valign="bottom"/> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">2</font> </td> <td valign="bottom"/> </tr> </table>
</link:footnote>
<link:footnote xlink:label="Footnote-18" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> In 2009, we financed 113 real estate surface assets in the Barnett Shale area for approximately $145 million and entered into a 40-year master lease agreement under which we agreed to lease the sites for approximately $15 million to $27 million annually. This lease transaction was recorded as a financing lease and the cash received was recorded with an offsetting long-term liability on the consolidated balance sheet. Chesapeake exercised its option to repurchase two of the assets in 2010 and one of the assets in 2011. As of March 31, 2012, we had 110 assets remaining. </link:footnote>
<link:footnote xlink:label="Footnote-21" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Joint venture partners include Total S.A. (TOT), CNOOC Limited (CNOOC), Statoil (STO), BP America (BP) and Plains Exploration & Production Company (PXP). </link:footnote>
<link:footnote xlink:label="Footnote-11" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Borrower is Chesapeake Exploration, L.L.C. </link:footnote>
<link:footnote xlink:label="Footnote-19" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> In 2009, we financed our regional Barnett Shale headquarters building in Fort Worth, Texas for net proceeds of approximately $54 million with a five-year term loan which has a floating rate of prime plus 275 basis points. At our option, we may prepay in full without penalty beginning in year four. The payment obligation is guaranteed by Chesapeake. </link:footnote>
<link:footnote xlink:label="Footnote-23" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> 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 carry obligation billed and $425 million for the remaining 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 reduce the minimum rig count from six to two rigs. </link:footnote>
<link:footnote xlink:label="Footnote-24" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> In September 2009, PXP accelerated the payment of its remaining carry in exchange for an approximate 12% reduction to the remaining drilling carry obligation owed to us at that time. </link:footnote>
<link:footnote xlink:label="Footnote-09" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> (d) Discount at March 31, 2012 and December 31, 2011 included $427 million and $444 million, respectively, associated with the equity component of our contingent convertible senior notes. This discount is based on an effective yield method. </link:footnote>
<link:footnote xlink:label="Footnote-07" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> (b) Issuers are Chesapeake Oilfield Operating, L.L.C. (COO) and Chesapeake Oilfield Finance, Inc. (COF), a wholly owned subsidiary of COO formed solely to facilitate the offering of the 6.625% Senior Notes due 2019. COF is nominally capitalized and has no operations or revenues. Chesapeake Energy Corporation is the issuer of all other senior notes and the contingent convertible senior notes. </link:footnote>
<link:footnote xlink:label="Footnote-06" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> (a) The principal amount shown is based on the exchange rate of $1.3334 to € 1.00 and $1.2973 to € 1.00 as of March 31, 2012 and December 31, 2011, respectively. See Note 7 for information on our related foreign currency derivatives. </link:footnote>
<link:footnote xlink:label="Footnote-08" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US" xmlns="http://www.w3.org/1999/xhtml">
(c) The holders of our contingent convertible senior notes may require us to repurchase, in cash, all or a portion of their notes at 100% of the principal amount of the notes on any of four dates that are five, ten, fifteen and twenty years before the maturity date. The notes are convertible, at the holder's option, prior to maturity under certain circumstances into cash and, if applicable, shares of our common stock using a net share settlement process. One such triggering circumstance is when the price of our common stock exceeds a threshold amount during a specified period in a fiscal quarter. Convertibility based on common stock price is measured quarter by quarter. In the first quarter of 2012, the price of our common stock was below the threshold level for each series of the contingent convertible senior notes during the specified period and, as a result, the holders do not have the option to convert their notes into cash and common stock in the second quarter of 2012 under this provision. The notes are also convertible, at the holder's option, during specified five-day periods if the trading price of the notes is below certain levels determined by reference to the trading price of our common stock. In general, upon conversion of a contingent convertible senior note, the holder will receive cash equal to the principal amount of the note and common stock for the note's conversion value in excess of such principal amount. We will pay contingent interest on the convertible senior notes after they have been outstanding at least ten years, under certain conditions. We may redeem the convertible senior notes once they have been outstanding forten years at a redemption price of 100% of the principal amount of the notes, payable in cash. The optional repurchase dates, the common stock price conversion threshold amounts and the ending date of the first six-month period in which contingent interest may be payable for the contingent convertible senior notes are as follows: <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td align="center" valign="bottom"> <p align="center"> <font size="2" style="font-family: ARIAL;"> <b>Contingent <br/>Convertible <br/>Senior Notes </b> </font> </p> </td> <td valign="bottom"> </td> <td align="center" valign="bottom"> <p align="center"> <font size="2" style="font-family: ARIAL;"> <b>Repurchase Dates</b> </font> </p> </td> <td valign="bottom"> </td> <td align="center" colspan="4" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>Common Stock <br/>Price Conversion <br/>Thresholds </b> </font> </td> <td valign="bottom"> </td> <td align="center" colspan="4" valign="bottom"> <font size="2" style="font-family: ARIAL;"> <b>Contingent Interest <br/>First Payable <br/>(if applicable) </b> </font> </td> </tr> <tr> <td height="8"/> <td colspan="4" height="8"/> <td colspan="4" height="8"/> <td colspan="4" height="8"/> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">2.75% due 2035</font> </td> <td valign="bottom"> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">November 15, 2015, 2020, 2025, 2030</font> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">48.51</font> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td colspan="4" valign="bottom"> <font size="2" style="font-family: ARIAL;">May 14, 2016</font> </td> </tr> <tr> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">2.5% due 2037</font> </td> <td valign="bottom"> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">May 15, 2017, 2022, 2027, 2032</font> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">64.16</font> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td colspan="4" valign="bottom"> <font size="2" style="font-family: ARIAL;">November 14, 2017</font> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">2.25% due 2038</font> </td> <td valign="bottom"> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">December 15, 2018, 2023, 2028, 2033</font> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <font size="2" style="font-family: ARIAL;">$</font> </td> <td align="right" valign="bottom"> <font size="2" style="font-family: ARIAL;">107.27</font> </td> <td valign="bottom"/> <td valign="bottom"/> <td colspan="4" valign="bottom"> <font size="2" style="font-family: ARIAL;">June 14, 2019</font> </td> </tr> </table>
</link:footnote>
<link:footnote xlink:label="Footnote-10" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> (e) See Note 7 for further discussion related to these instruments. </link:footnote>
<link:footnote xlink:label="Footnote-12" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Borrower is Chesapeake Midstream Operating, L.L.C. </link:footnote>
<link:footnote xlink:label="Footnote-13" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Borrower is Chesapeake Oilfield Operating, L.L.C. </link:footnote>
<link:footnote xlink:label="Footnote-02" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> The values related to interest rate and cross currency swaps were transferred from Level 3 to Level 2 as a result of our ability to use data readily available in the public market to corroborate our estimated fair values. </link:footnote>
<link:footnote xlink:label="Footnote-14" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> We estimate the capacity was limited to approximately $370 million as of March 31, 2012 by certain restrictive provisions. </link:footnote>
<link:footnote xlink:label="Footnote-15" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> We estimate the capacity was limited to approximately $450 million as of March 31, 2012 by certain restrictive provisions. </link:footnote>
<link:footnote xlink:label="Footnote-20" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option. </link:footnote>
</link:footnoteLink>
</xbrl>

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