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Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:                      
Natural gas sales                 $ 696,730 $ 969,850 $ 824,266
Oil sales                 142,381 260,170 109,138
Total operating revenues $ 189,301 $ 222,503 $ 207,998 $ 219,309 $ 319,050 $ 288,608 $ 296,063 $ 326,299 839,111 1,230,020 933,404
Expenses:                      
Lease operating expenses                 106,906 96,496 68,106
Liquids gathering system operating lease expense                 20,647 20,306 20,000
Production taxes                 72,774 103,898 72,398
Gathering fees                 87,904 59,931 52,074
Transportation charges                 83,803 77,780 82,797
Depletion and depreciation                 401,200 292,951 243,390
Ceiling test and other impairments 3,144,899 0 0 0         3,144,899 0 0
General and Administrative Expense                 7,387 19,069 22,373
Total operating expenses                 3,925,520 670,431 561,138
Operating income (loss)                 (3,086,409) 559,589 372,266
Other income (expense), net:                      
Interest expense (43,494) (43,137) (42,619) (42,668) (42,196) (29,599) (27,294) (27,068) (171,918) (126,157) (101,486)
Gain (loss) on commodity derivatives 2 9,390 (3,646) 36,865 110,725 32,052 (15,102) (45,273) 42,611 82,402 (46,754)
Deferred gain on sale of liquids gathering system                 10,553 10,553 10,553
Litigation expense                 (4,401) 0 0
Gain on sale of property         8,022 0 0 0 0 8,022 0
Other income (expense) net                 (2,060) 2,618 (357)
Total other income (expense), net                 (125,215) (22,562) (138,044)
Income (loss) before income tax (benefit) (3,205,639) (4,229) (24,923) 23,167 205,829 123,974 105,505 101,719 (3,211,624) 537,027 234,222
Income tax (benefit) (999) (1,133) (250) (2,022) (3,901) (1,383) (544) 4 (4,404) (5,824) (3,616)
Net income (loss) $ (3,204,640) $ (3,096) $ (24,673) $ 25,189 $ 209,730 $ 125,357 $ 106,049 $ 101,715 $ (3,207,220) $ 542,851 $ 237,838
Basic Earnings (Loss) per Share:                      
Earnings Per Share, Basic $ (20.91) $ (0.02) $ (0.16) $ 0.16 $ 1.37 $ 0.82 $ 0.69 $ 0.66 $ (20.94) $ 3.54 $ 1.55
Fully Diluted Earnings (Loss) per Share:                      
Earnings Per Share, Diluted $ (20.91) $ (0.02) $ (0.16) $ 0.16 $ 1.36 $ 0.81 $ 0.68 $ 0.66 $ (20.94) $ 3.51 $ 1.54
Weighted average common shares outstanding - basic                 153,192,000 153,136,000 152,963,000
Weighted average common shares outstanding - fully diluted                 153,192,000 154,694,000 154,426,000