Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by Segment

The following tables present selected financial information for the periods presented regarding the Company’s business 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, 2021
Oil and natural gas revenues	$	1,695,032	$	5,510	$	—	$	—	$	1,700,542
Midstream services revenues	—		228,817		—		(153,318)		75,499
Sales of purchased natural gas	47,398		38,636		—		—		86,034

Realized loss on derivatives	(220,105)		—		—		—		(220,105)
Unrealized gain on derivatives	21,011		—		—		—		21,011
Expenses(1)	794,880		142,444		85,899		(153,318)		869,905
Operating income(2)	$	748,456	$	130,519	$	(85,899)	$	—	$	793,076






Total assets(3)	$	3,324,681	$	879,672	$	57,800	$	—	$	4,262,153
Capital expenditures(4)	$	778,191	$	59,361	$	376	$	—	$	837,928

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(1)Includes depletion, depreciation and amortization expenses of $310.9 million and $31.5 million for the exploration and production and midstream segments, respectively. Also includes corporate depletion, depreciation and amortization expenses of $2.6 million.

(2)Includes $55.7 million in net income attributable to non-controlling interest in subsidiaries related to the midstream segment.

(3)Excludes intercompany receivables and investments in subsidiaries.

(4)Includes $263.5 million attributable to land and seismic acquisition expenditures related to the exploration and production segment and $28.5 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, 2020
Oil and natural gas revenues	$	741,092	$	3,369	$	—	$	—	$	744,461
Midstream services revenues	—		166,194		—		(101,262)		64,932
Sales of purchased natural gas	20,736		21,006		—		—		41,742
Lease bonus - mineral acreage	4,062		—		—		—		4,062
Realized gain on derivatives	38,937		—		—		—		38,937
Unrealized loss on derivatives	(32,008)		—		—		—		(32,008)
Expenses(1)	1,334,378		97,599		52,910		(101,262)		1,383,625
Operating (loss) income(2)	$	(561,559)	$	92,970	$	(52,910)	$	—	$	(521,499)






Total assets(3)	$	2,782,819	$	836,509	$	67,952	$	—	$	3,687,280
Capital expenditures(4)	$	518,198	$	201,440	$	2,200	$	—	$	721,838

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(1)Includes depletion, depreciation and amortization expenses of $335.8 million and $23.3 million for the exploration and production and midstream segments, respectively. Includes full-cost ceiling impairment of $684.7 million for the exploration and production segment. Also includes corporate depletion, depreciation and amortization expenses of $2.7 million.

(2)Includes $39.6 million in net income attributable to non-controlling interest in subsidiaries related to the midstream segment.

(3)Excludes intercompany receivables and investments in subsidiaries.

(4)Includes $70.5 million attributable to land and seismic acquisition expenditures related to the exploration and production segment and $112.1 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, 2019
Oil and natural gas revenues	$	886,127	$	6,198	$	—	$	—	$	892,325
Midstream services revenues	—		135,953		—		(76,843)		59,110
Sales of purchased natural gas	4,802		69,967		—		—		74,769
Lease bonus - mineral acreage	1,711		—		—		—		1,711
Realized gain on derivatives	9,482		—		—		—		9,482
Unrealized loss on derivatives	(53,727)		—		—		—		(53,727)
Expenses(1)	621,687		130,612		72,734		(76,843)		748,190
Operating income (loss)(2)	$	226,708	$	81,506	$	(72,734)	$	—	$	235,480






Total assets(3)	$	3,360,725	$	647,937	$	61,014	$	—	$	4,069,676
Capital expenditures(4)	$	718,712	$	223,612	$	3,701	$	—	$	946,025

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(1)Includes depletion, depreciation and amortization expenses of $331.7 million and $16.1 million for the exploration and production and midstream segments, respectively. Also includes corporate depletion, depreciation and amortization expenses of $2.7 million.

(2)Includes $35.2 million in net income attributable to non-controlling interest in subsidiaries related to the midstream segment.

(3)Excludes intercompany receivables and investments in subsidiaries.

(4)Includes $48.3 million attributable to land and seismic acquisition expenditures related to the exploration and production segment and $145.4 million in capital expenditures attributable to non-controlling interest in subsidiaries related to the midstream segment.