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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Oil sales $ 769.1 $ 834.2 $ 1,368.5
Gas sales 417.1 468.5 776.4
NGL sales 83.5 80.0 223.3
Other revenues 6.2 15.1 11.1
Purchased oil, gas and NGL sales 101.2 620.8 913.9
Total Revenues 1,377.1 2,018.6 3,293.2
OPERATING EXPENSES      
Purchased oil, gas and NGL expense 105.5 626.8 910.1
Lease operating expense 224.7 238.8 240.1
Oil, gas and NGL transportation and other handling costs 289.2 291.3 277.6
Gathering and other expense 5.0 5.8 6.7
General and administrative 198.4 181.1 204.4
Production and property taxes 94.8 117.6 205.2
Depreciation, depletion and amortization 871.1 881.1 994.7
Exploration expenses 1.7 2.7 9.9
Impairment 1,194.3 55.6 1,143.2
Total Operating Expenses 2,984.7 2,400.8 3,991.9
Net gain (loss) from asset sales 5.0 4.6 (148.6)
OPERATING INCOME (LOSS) (1,602.6) (377.6) (847.3)
Realized and unrealized gains (losses) on derivative contracts (Note 7) (233.0) 277.2 363.3
Interest and other income 25.6 3.0 12.8
Income from unconsolidated affiliates 0.0 0.0 0.3
Loss from early extinguishment of debt 0.0 0.0 (2.0)
Interest expense (143.2) (145.6) (169.1)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (1,953.2) (243.0) (642.0)
Income tax (provision) benefit 708.2 93.6 232.5
NET INCOME FROM CONTINUING OPERATIONS (1,245.0) (149.4) (409.5)
Net income from discontinued operations, net of income tax 0.0 0.0 1,193.9
NET INCOME (LOSS) $ (1,245.0) $ (149.4) $ 784.4
Earnings (Loss) Per Common Share      
Basic total $ (5.62) $ (0.85) $ 4.36
Diluted total $ (5.62) $ (0.85) $ 4.36
Weighted-average common shares outstanding      
Used in basic calculation 221.7 176.6 179.8
Used in diluted calculation 221.7 176.6 179.8
Dividends per common share $ 0.00 $ 0.08 $ 0.08
Continuing Operations [Member]      
Earnings (Loss) Per Common Share      
Basic total (5.62) (0.85) (2.28)
Diluted total (5.62) (0.85) (2.28)
Discontinued Operations [Member]      
Earnings (Loss) Per Common Share      
Basic total 0.00 0.00 6.64
Diluted total $ 0.00 $ 0.00 $ 6.64