XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Oil, natural gas liquids and natural gas sales $ 187,822us-gaap_OilAndGasRevenue $ 350,822us-gaap_OilAndGasRevenue
Gain (loss) on derivative instruments, net 34,036us-gaap_GainLossOnDerivativeInstrumentsNetPretax (53,391)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Total revenues 221,858us-gaap_SalesRevenueNet 297,431us-gaap_SalesRevenueNet
Operating Costs and Expenses    
Oil, natural gas liquids and natural gas production 67,754egn_OilNaturalGasLiquidsAndNaturalGasProductionCosts 67,444egn_OilNaturalGasLiquidsAndNaturalGasProductionCosts
Production and ad valorem taxes 19,065us-gaap_ResultsOfOperationsProductionOrLiftingCosts 27,324us-gaap_ResultsOfOperationsProductionOrLiftingCosts
Depreciation, depletion and amortization 134,381us-gaap_DepreciationDepletionAndAmortization 124,220us-gaap_DepreciationDepletionAndAmortization
Asset impairment 6,583us-gaap_AssetImpairmentCharges 1,246us-gaap_AssetImpairmentCharges
Exploration 763us-gaap_ExplorationExpense 11,568us-gaap_ExplorationExpense
General and administrative 32,055us-gaap_GeneralAndAdministrativeExpense 32,173us-gaap_GeneralAndAdministrativeExpense
Accretion of discount on asset retirement obligations 2,010us-gaap_AssetRetirementObligationAccretionExpense 1,843us-gaap_AssetRetirementObligationAccretionExpense
(Gain) loss on sale of assets and other (28,344)us-gaap_OtherOperatingIncomeExpenseNet 153us-gaap_OtherOperatingIncomeExpenseNet
Total costs and expenses 234,267us-gaap_CostsAndExpenses 265,971us-gaap_CostsAndExpenses
Operating Income (Loss) (12,409)us-gaap_OperatingIncomeLoss 31,460us-gaap_OperatingIncomeLoss
Other Income (Expense)    
Interest expense (11,758)us-gaap_InterestExpense (7,888)us-gaap_InterestExpense
Other income 46us-gaap_OtherNonoperatingIncome 323us-gaap_OtherNonoperatingIncome
Total other expense (11,712)us-gaap_NonoperatingIncomeExpense (7,565)us-gaap_NonoperatingIncomeExpense
Income (Loss) From Continuing Operations Before Income Taxes (24,121)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 23,895us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit) (8,701)us-gaap_IncomeTaxExpenseBenefit 8,248us-gaap_IncomeTaxExpenseBenefit
Income (Loss) From Continuing Operations (15,420)us-gaap_IncomeLossFromContinuingOperations 15,647us-gaap_IncomeLossFromContinuingOperations
Discontinued Operations, net of tax    
Income from discontinued operations 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax 38,719us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
Loss on disposal of discontinued operations 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (1,050)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Income From Discontinued Operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 37,669us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net Income (Loss) $ (15,420)us-gaap_NetIncomeLoss $ 53,316us-gaap_NetIncomeLoss
Diluted Earnings Per Average Common Share    
Continuing operations (in dollars per share) $ (0.21)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.21us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.52us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net Income (Loss) (in dollars per share) $ (0.21)us-gaap_EarningsPerShareDiluted $ 0.73us-gaap_EarningsPerShareDiluted
Basic Earnings Per Average Common Share    
Continuing Operations (in dollars per share) $ (0.21)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.21us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.52us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net Income (Loss) (in dollars per share) $ (0.21)us-gaap_EarningsPerShareBasic $ 0.73us-gaap_EarningsPerShareBasic
Dividends Per Common (In dollar per shares) $ 0.02us-gaap_CommonStockDividendsPerShareCashPaid $ 0.15us-gaap_CommonStockDividendsPerShareCashPaid
Diluted Shares Outstanding (in shares) 72,830us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 73,045us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic Shares Outstanding (in shares) 72,830us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 72,629us-gaap_WeightedAverageNumberOfSharesOutstandingBasic