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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Oil, natural gas liquids and natural gas sales $ 219,290 $ 355,852 $ 407,112 $ 706,674
Loss on derivative instruments, net (50,964) (84,846) (16,928) (138,237)
Total revenues 168,326 271,006 390,184 568,437
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 53,581 64,697 121,335 132,141
Production and ad valorem taxes 13,352 28,049 32,417 55,373
Depreciation, depletion and amortization 149,843 136,244 284,224 260,464
Asset impairment 60,413 1,342 66,996 2,588
Exploration 11,018 1,233 11,781 12,801
General and administrative 38,652 33,542 70,707 65,715
Accretion of discount on asset retirement obligations 1,669 1,883 3,679 3,726
(Gain) loss on sale of assets and other 1,476 909 (26,868) 1,062
Total costs and expenses 330,004 267,899 564,271 533,870
Operating Income (Loss) (161,678) 3,107 (174,087) 34,567
Other Income (Expense)        
Interest expense (11,244) (7,964) (23,002) (15,852)
Other income 41 687 87 1,010
Total other expense (11,203) (7,277) (22,915) (14,842)
Income (Loss) From Continuing Operations Before Income Taxes (172,881) (4,170) (197,002) 19,725
Income tax expense (benefit) (61,280) (1,016) (69,981) 7,232
Income (Loss) From Continuing Operations (111,601) (3,154) (127,021) 12,493
Discontinued Operations, net of tax        
Income (loss) from discontinued operations 0 (4,799) 0 33,920
Loss on disposal of discontinued operations 0 0 0 (1,050)
Income (Loss) From Discontinued Operations 0 (4,799) 0 32,870
Net Income (Loss) $ (111,601) $ (7,953) $ (127,021) $ 45,363
Diluted Earnings Per Average Common Share        
Continuing operations (in dollars per share) $ (1.52) $ (0.04) $ (1.74) $ 0.17
Discontinued operations (in dollars per share) 0.00 (0.07) 0.00 0.45
Net Income (Loss) (in dollars per share) (1.52) (0.11) (1.74) 0.62
Basic Earnings Per Average Common Share        
Continuing operations (in dollars per share) (1.52) (0.04) (1.74) 0.17
Discontinued operations (in dollars per share) 0.00 (0.07) 0.00 0.45
Net Income (Loss) (in dollars per share) (1.52) (0.11) (1.74) 0.62
Dividends Per Common (In dollars per share) $ 0.02 $ 0.15 $ 0.04 $ 0.30
Diluted Average Common Shares Outstanding (in shares) 73,452 72,851 73,143 73,031
Basic Average Common Shares Outstanding (in shares) 73,452 72,851 73,143 72,737