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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Gas sales $ 123.2 $ 129.4 $ 287.5 $ 363.3
Oil sales 201.6 211.7 553.1 640.9
NGL sales 19.8 16.5 56.2 61.7
Other revenue 2.5 2.8 4.3 12.4
Purchased gas and oil sales 35.3 147.2 76.3 472.0
Total Revenues 382.4 507.6 977.4 1,550.3
OPERATING EXPENSES        
Purchased gas and oil expense 37.1 146.0 80.8 475.1
Lease operating expense 50.7 56.7 163.3 175.6
Gas, oil and NGL transportation and other handling costs 75.8 78.1 218.9 216.2
Gathering and other expense 0.9 1.3 3.8 4.4
General and administrative 67.0 42.0 159.4 140.7
Production and property taxes 26.8 30.2 65.3 90.7
Depreciation, depletion and amortization 217.8 238.1 667.5 649.3
Exploration expenses 0.2 0.8 0.9 2.7
Impairment 5.0 15.0 1,188.2 35.5
Total operating expenses 481.3 608.2 2,548.1 1,790.2
Net gain (loss) from asset sales 5.3 12.9 5.0 6.9
OPERATING INCOME (LOSS) (93.6) (87.7) (1,565.7) (233.0)
Realized and unrealized gains (losses) on derivative contracts (Note 7) 44.5 153.6 (85.1) 168.5
Interest and other income (expense) 5.1 0.3 7.1 1.5
Interest expense (35.9) (36.4) (109.2) (109.4)
INCOME (LOSS) BEFORE INCOME TAXES (79.9) 29.8 (1,752.9) (172.4)
Income tax (provision) benefit 29.0 (8.7) 641.2 61.6
NET INCOME (LOSS) $ (50.9) $ 21.1 $ (1,111.7) $ (110.8)
Earnings per common share        
Earnings Per Share, Basic $ (0.21) $ 0.12 $ (5.15) $ (0.63)
Earnings Per Share, Diluted $ (0.21) $ 0.12 $ (5.15) $ (0.63)
Weighted-average common shares outstanding        
Used in basic calculation (in shares) 239.6 176.7 215.7 176.5
Used in diluted calculation (in shares) 239.6 176.7 215.7 176.5
Dividends per common share (in dollars per share) $ 0.00 $ 0.02 $ 0.00 $ 0.06