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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables present selected financial information for the periods presented regarding the Company’s operating segments on a stand-alone basis, corporate expenses that are not allocated to a segment and the consolidation and elimination entries necessary to arrive at the financial information for the Company on a consolidated basis (in thousands). On a consolidated basis, midstream services revenues consist primarily of those revenues from midstream operations related to third parties, including working interest owners in the Company’s operated wells. All midstream services revenues associated with Company-owned production are eliminated in consolidation. In evaluating the operating results of the exploration and production and midstream segments, the Company does not allocate certain expenses to the individual segments, including general and administrative expenses. Such expenses are reflected in the column labeled “Corporate.”
 
Exploration and Production
 
 
 
 
 
Consolidations and Eliminations
 
Consolidated Company
 
 
Midstream
 
Corporate
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
Oil and natural gas revenues
$
525,862

 
$
2,822

 
$

 
$

 
$
528,684

Midstream services revenues

 
47,037

 

 
(36,839
)
 
10,198

Realized loss on derivatives
(4,321
)
 

 

 

 
(4,321
)
Unrealized gain on derivatives
9,715

 

 

 

 
9,715

Expenses (1)
333,923

 
23,420

 
62,931

 
(36,839
)
 
383,435

Operating income (loss) (2)
$
197,333

 
$
26,439

 
$
(62,931
)
 
$

 
$
160,841

Total assets
$
1,768,393

 
$
257,871

 
$
119,426

 
$

 
$
2,145,690

Capital expenditures (3)
$
753,157

 
$
114,113

 
$
5,688

 
$

 
$
872,958

_____________________
(1)
Includes depletion, depreciation and amortization expenses of $170.5 million and $5.2 million for the exploration and production and midstream segments, respectively. Also includes corporate depletion, depreciation and amortization expenses of $1.7 million.
(2)
Includes $12.1 million in net income attributable to non-controlling interest in subsidiaries related to the midstream segment.
(3)
Includes $54.9 million in capital expenditures attributable to non-controlling interest in subsidiaries related to the midstream segment.
 
Exploration and Production
 
 
 
 
 
Consolidations and Eliminations
 
Consolidated Company
 
 
Midstream
 
Corporate
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
Oil and natural gas revenues
$
289,512

 
$
1,644

 
$

 
$

 
$
291,156

Midstream services revenues

 
18,982

 

 
(13,764
)
 
5,218

Realized gain on derivatives
9,286

 

 

 

 
9,286

Unrealized loss on derivatives
(41,238
)
 

 

 

 
(41,238
)
Expenses (1)
391,098

 
8,254

 
56,001

 
(13,764
)
 
441,589

Operating (loss) income (2)
$
(133,538
)
 
$
12,372

 
$
(56,001
)
 
$

 
$
(177,167
)
Total assets
$
1,098,525

 
$
140,459

 
$
225,681

 
$

 
$
1,464,665

Capital expenditures
$
379,881

 
$
67,566

 
$
6,913

 
$

 
$
454,360

_____________________
(1)
Includes depletion, depreciation and amortization expenses of $118.4 million and $2.7 million for the exploration and production and midstream segments, respectively. Also includes corporate depletion, depreciation and amortization expenses of $0.9 million and full-cost ceiling impairment expense of $158.6 million for the exploration and production segment.
(2)
Includes $0.4 million in net income attributable to non-controlling interest in subsidiaries related to the midstream segment.
 
Exploration and Production
 
 
 
 
 
Consolidations and Eliminations
 
Consolidated Company
 
 
Midstream
 
Corporate
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
Oil and natural gas revenues
$
277,844

 
$
496

 
$

 
$

 
$
278,340

Midstream services revenues

 
11,485

 

 
(9,621
)
 
1,864

Realized gain on derivatives
77,094

 

 

 

 
77,094

Unrealized loss on derivatives
(39,265
)
 

 

 

 
(39,265
)
Expenses (1)
1,078,534

 
5,178

 
50,604

 
(9,621
)
 
1,124,695

Operating (loss) income (2)
$
(762,861
)
 
$
6,803

 
$
(50,604
)
 
$

 
$
(806,662
)
Total assets
$
1,000,075

 
$
75,980

 
$
64,806

 
$

 
$
1,140,861

Capital expenditures (3)
$
622,642

 
$
75,009

 
$
786

 
$

 
$
698,437

_____________________
(1)
Includes depletion, depreciation and amortization expenses of $176.7 million and $1.6 million for the exploration and production and midstream segments, respectively. Also includes corporate depletion, depreciation and amortization expenses of $0.5 million and full-cost ceiling impairment expense of $801.2 million for the exploration and production segment.
(2)
Includes $0.3 million in net income attributable to non-controlling interest in subsidiaries related to the midstream segment.
(3)
In October 2015, the Company sold the Loving County Processing System to EnLink and the cost basis of $31.0 million for those assets was removed from the total midstream assets.