XML 41 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues [Abstract]        
Revenues $ 307.5 $ 560.8 $ 884.3 $ 1,522.1
Operating Expenses [Abstract]        
General and administrative 29.6 48.3 124.4 164.2
Production and property taxes 20.0 37.4 67.6 103.9
Depreciation, depletion and amortization 144.2 234.9 395.5 673.6
Exploration expenses 0.0 0.0 0.0 0.1
Impairment 0.0 0.0 5.0 404.4
Total Operating Expenses 253.3 431.1 778.2 1,692.4
Net gain (loss) from asset sales, inclusive of restructuring costs (2.1) 27.1 2.5 26.7
OPERATING INCOME (LOSS) 52.1 156.8 108.6 (143.6)
Realized and unrealized gains (losses) on derivative contracts (Note 7) 87.4 (108.0) (55.8) (240.3)
Interest and other income (expense) 0.9 (0.3) 4.6 (4.1)
Interest expense (32.8) (38.7) (100.0) (111.9)
INCOME (LOSS) BEFORE INCOME TAXES 107.6 9.8 (42.6) (499.9)
Income tax (provision) benefit (26.6) (2.5) 55.7 117.6
Net income (loss) $ 81.0 $ 7.3 $ 13.1 $ (382.3)
Earnings Per Share [Abstract]        
Basic $ 0.34 $ 0.03 $ 0.06 $ (1.60)
Diluted $ 0.34 $ 0.03 $ 0.06 $ (1.60)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Used in basic calculation 237.9 236.9 237.7 238.3
Used in diluted calculation 237.9 237.0 237.7 238.3
Oil and Gas, Exploration and Production [Member]        
Revenues [Abstract]        
Revenues $ 305.6 $ 544.0 $ 875.8 $ 1,474.1
Product and Service, Other [Member]        
Revenues [Abstract]        
Revenues 1.8 3.8 7.1 11.8
Oil and Gas, Purchased [Member]        
Revenues [Abstract]        
Revenues 0.1 13.0 1.4 36.2
Operating Expenses [Abstract]        
Operating Costs and Expenses 0.1 13.3 1.5 38.6
Lease Operating Expense [Member]        
Operating Expenses [Abstract]        
Operating Costs and Expenses 38.3 64.6 135.5 203.6
Natural Gas, Gathering, Transportation, Marketing and Processing [Member]        
Operating Expenses [Abstract]        
Operating Costs and Expenses 18.0 28.0 38.8 93.2
Gathering and other expense [Member]        
Operating Expenses [Abstract]        
Operating Costs and Expenses $ 3.1 $ 4.6 $ 9.9 $ 10.8