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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Oil and condensate, gas and NGL sales $ 275.6 $ 409.8
Other revenues 3.7 5.0
Purchased oil and gas sales 1.3 14.1
Total Revenues 280.6 428.9
OPERATING EXPENSES    
Purchased oil and gas expense 1.4 15.5
Lease operating expense 51.5 72.5
Transportation and processing costs 10.9 34.0
Gathering and other expense 3.8 2.8
General and administrative 63.3 60.1
Production and property taxes 24.0 28.9
Depreciation, depletion and amortization 123.3 196.5
Impairment 5.0 0.7
Total Operating Expenses 283.2 411.0
Net gain (loss) from asset sales, inclusive of restructuring costs (13.2) 3.5
OPERATING INCOME (LOSS) (15.8) 21.4
Realized and unrealized gains (losses) on derivative contracts (Note 7) (181.7) (53.2)
Interest and other income (expense) 2.8 (0.7)
Interest expense (34.0) (35.0)
INCOME (LOSS) BEFORE INCOME TAXES (228.7) (67.5)
Income tax (provision) benefit 112.0 13.9
Net income (loss) $ (116.7) $ (53.6)
Earnings (loss) per common share    
Basic $ (0.49) $ (0.22)
Diluted $ (0.49) $ (0.22)
Weighted-average common shares outstanding    
Used in basic calculation 237.1 240.9
Used in diluted calculation 237.1 240.9