Revenue (Tables)

3 Months Ended

Mar. 31, 2018

Revenue Recognition 606 [Table Text Block]

The following table presents the impact to the Condensed Consolidated Statement of Operations as a result of adopting ASC Topic 606.



	Three Months Ended
	March 31, 2018
	As Reported			ASC 606 Adjustments		As Adjusted⁽¹⁾
REVENUES	(in millions, except per share amounts)
Oil and condensate, gas and NGL sales	$	409.8		$	12.7	$	422.5
Other revenue	5.0			—		5.0
Purchased oil and gas sales	14.1			—		14.1
Total Revenues	428.9			12.7		441.6
OPERATING EXPENSES
Purchased oil and gas expense	15.5			—		15.5
Lease operating expense	72.5			—		72.5
Transportation and processing costs	34.0			12.7		46.7
Gathering and other expense	2.8			—		2.8
General and administrative	60.1			—		60.1
Production and property taxes	28.9			—		28.9
Depreciation, depletion and amortization	196.5			—		196.5
Exploration expenses	—			—		—
Impairment	0.7			—		0.7
Total Operating Expenses	411.0			12.7		423.7
Net gain (loss) from asset sales	3.5			—		3.5
OPERATING INCOME (LOSS)	21.4			—		21.4
Realized and unrealized gains (losses) on derivative contracts (Note 7)	(53.2		)	—		(53.2		)
Interest and other income (expense)	(0.7		)	—		(0.7		)
Interest expense	(35.0		)	—		(35.0		)
INCOME (LOSS) BEFORE INCOME TAXES	(67.5		)	—		(67.5		)
Income tax (provision) benefit	13.9			—		13.9
NET INCOME (LOSS)	$	(53.6	)	$	—	$	(53.6	)

Earnings (loss) per common share
Basic	$	(0.22	)	$	—	$	(0.22	)
Diluted	$	(0.22	)	$	—	$	(0.22	)

Weighted-average common shares outstanding
Used in basic calculation	240.9			—		240.9
Used in diluted calculation	240.9			—		240.9
Dividends per common share	$	—		$	—	$	—

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⁽¹⁾	This column excludes the impact of adopting ASC Topic 606 and is consistent with the presentation prior to January 1, 2018.

Revenue Recognition [Table Text Block]

The following tables present our revenues disaggregated by revenue source and by geographic area. Transportation and processing costs in the following tables are not all of the transportation and processing costs that the Company incurs, only the expenses that are netted against revenues pursuant to ASC 606.



	Oil and condensate sales			Gas sales		NGL sales			Transportation and processing costs included in revenue			Oil and condensate, gas and NGL sales, as presented
	(in millions)
	Three Months Ended March 31, 2018
Northern Region
Williston Basin	$	160.5		$	9.8	$	11.8		$	(9.9	)	$	172.2
Uinta Basin	8.4			10.1		1.7			—			20.2
Other Northern	1.9			1.0		(0.2		)	—			2.7
Southern Region
Permian Basin	129.8			4.6		6.5			(2.8		)	138.1
Haynesville/Cotton Valley	0.4			76.4		—			—			76.8
Other Southern	(0.3		)	0.1		—			—			(0.2		)
Total oil and condensate, gas and NGL sales	$	300.7		$	102.0	$	19.8		$	(12.7	)	$	409.8

	Three Months Ended March 31, 2017⁽¹⁾
Northern Region
Williston Basin	$	155.4		$	12.0	$	12.5		$	—		$	179.9
Pinedale	6.8			60.6		11.6			—			79.0
Uinta Basin	7.4			14.6		1.6			—			23.6
Other Northern	1.4			5.9		0.1			—			7.4
Southern Region
Permian Basin	50.2			3.2		3.1			—			56.5
Haynesville/Cotton Valley	0.4			38.2		0.1			—			38.7
Other Southern	0.1			—		—			—			0.1
Total oil and condensate, gas and NGL sales	$	221.7		$	134.5	$	29.0		$	—		$	385.2

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⁽¹⁾	Prior period amounts have not been adjusted under the modified retrospective method.