- a noncash after-tax impairment charge of $2.022 billion related to the carrying value of natural gas and oil properties (primarily resulting from a 10% decrease in trailing 12-month average first-day-of-the-month natural gas prices as of September 30, 2012, compared to June 30, 2012, and the impairment of certain undeveloped leasehold, primarily in the Williston and DJ Basins);
- an unrealized noncash after-tax mark-to-market loss of $63 million resulting from the company’s natural gas, oil and natural gas liquids (NGL) and interest rate hedging programs;
- an after-tax charge of $28 million related to losses on sales and impairments of certain fixed assets and other; and
- a net after-tax gain of $19 million related to the sale of an investment.
Chesapeake Energy Corporation Reports Financial And Operational Results For The 2012 Third Quarter
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