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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Gas sales $ 85.1 $ 122.0
Oil sales 143.8 178.8
NGL sales 13.6 19.1
Other revenue 2.3 4.4
Purchased gas and oil sales 16.5 143.8
Total Revenues 261.3 468.1
OPERATING EXPENSES    
Purchased gas and oil expense 16.9 145.9
Lease operating expense 60.0 61.8
Gas, oil and NGL transportation and other handling costs 73.6 65.1
Gathering and other expense 1.3 1.7
General and administrative 48.7 47.4
Production and property taxes 17.8 27.8
Depreciation, depletion and amortization 240.0 195.4
Exploration expenses 0.3 1.1
Impairment 1,182.4 20.0
Total operating expenses 1,641.0 566.2
Net gain (loss) from asset sales 0.5 (30.5)
OPERATING INCOME (LOSS) (1,379.2) (128.6)
Realized and unrealized gains (losses) on derivative contracts (See Note 7) 50.9 80.9
Interest and other income (expense) 2.3 (2.6)
Interest expense (36.7) (36.8)
INCOME (LOSS) BEFORE INCOME TAXES (1,362.7) (87.1)
Income tax (provision) benefit 498.9 31.5
NET INCOME (LOSS) $ (863.8) $ (55.6)
Earnings per common share    
Earnings Per Share, Basic $ (4.55) $ (0.32)
Earnings Per Share, Diluted $ (4.55) $ (0.32)
Weighted-average common shares outstanding    
Used in basic calculation (in shares) 189.7 176.2
Used in diluted calculation (in shares) 189.7 176.2
Dividends per common share (in dollars per share) $ 0.00 $ 0.02