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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Oil sales $ 216.0 $ 207.7 $ 437.7 $ 351.5
Gas sales 134.2 79.2 268.7 164.3
NGL sales 22.8 22.8 51.8 36.4
Other revenue 2.7 (0.5) 6.7 1.8
Purchased oil and gas sales 8.0 24.5 38.9 41.0
Total Revenues 383.7 333.7 803.8 595.0
OPERATING EXPENSES        
Purchased oil and gas expense 9.1 26.8 38.5 43.7
Lease operating expense 70.0 52.6 139.2 112.6
Transportation and processing costs 72.2 69.5 142.4 143.1
Gathering and other expense 1.8 1.6 3.3 2.9
General and administrative 31.3 42.9 64.9 91.4
Production and property taxes 28.5 20.7 57.6 38.5
Depreciation, depletion and amortization 191.5 209.7 383.3 449.7
Exploration expenses 0.0 0.4 0.4 0.7
Impairment 0.0 0.8 0.1 1,183.2
Total operating expenses 404.4 425.0 829.7 2,065.8
Net gain (loss) from asset sales 19.8 (0.8) 19.8 (0.3)
OPERATING INCOME (LOSS) (0.9) (92.1) (6.1) (1,471.1)
Realized and unrealized gains (losses) on derivative contracts (Note 7) 106.7 (180.5) 267.6 (129.6)
Interest and other income (expense) 1.8 (1.1) 2.4 1.0
Interest expense (34.9) (36.6) (68.7) (73.3)
INCOME (LOSS) BEFORE INCOME TAXES 72.7 (310.3) 195.2 (1,673.0)
Income tax (provision) benefit (27.3) 113.3 (72.9) 612.2
NET INCOME (LOSS) $ 45.4 $ (197.0) $ 122.3 $ (1,060.8)
Earnings per common share        
Earnings Per Share, Basic $ 0.19 $ (0.90) $ 0.51 $ (5.21)
Earnings Per Share, Diluted $ 0.19 $ (0.90) $ 0.51 $ (5.21)
Weighted-average common shares outstanding        
Used in basic calculation (in shares) 240.5 217.7 240.4 203.7
Used in diluted calculation (in shares) 240.6 217.7 240.5 203.7
Dividends per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00