XML 58 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Oil, natural gas liquids and natural gas sales $ 188,398 $ 350,773 $ 595,510 $ 1,057,447
Gain on derivative instruments, net 107,173 147,735 90,245 9,498
Total revenues 295,571 498,508 685,755 1,066,945
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 54,598 67,720 175,933 199,861
Production and ad valorem taxes 13,366 25,729 45,783 81,102
Depreciation, depletion and amortization 149,781 139,104 434,005 399,568
Asset impairment 399,394 178,912 466,390 181,500
Exploration 493 8,417 12,274 21,218
General and administrative 23,631 27,784 94,338 93,499
Accretion of discount on asset retirement obligations 1,700 1,924 5,379 5,650
(Gain) loss on sale of assets and other 822 747 (26,046) 1,809
Total costs and expenses 643,785 450,337 1,208,056 984,207
Operating Income (Loss) (348,214) 48,171 (522,301) 82,738
Other Income (Expense)        
Interest expense (10,084) (11,522) (33,086) (27,374)
Other income 56 37 143 1,047
Total other expense (10,028) (11,485) (32,943) (26,327)
Income (Loss) From Continuing Operations Before Income Taxes (358,242) 36,686 (555,244) 56,411
Income tax expense (benefit) (130,338) 16,055 (200,319) 23,287
Income (Loss) From Continuing Operations (227,904) 20,631 (354,925) 33,124
Discontinued Operations, net of tax        
Income (loss) from discontinued operations 0 (3,485) 0 30,435
Gain on disposal of discontinued operations 0 440,105 0 439,055
Income From Discontinued Operations 0 436,620 0 469,490
Net Income (Loss) $ (227,904) $ 457,251 $ (354,925) $ 502,614
Diluted Earnings Per Average Common Share        
Continuing operations (in dollars per share) $ (2.89) $ 0.28 $ (4.72) $ 0.45
Discontinued operations (in dollars per share) 0.00 5.94 0.00 6.41
Net Income (Loss) (in dollars per share) (2.89) 6.22 (4.72) 6.86
Basic Earnings Per Average Common Share        
Continuing operations (in dollars per share) (2.89) 0.28 (4.72) 0.45
Discontinued operations (in dollars per share) 0.00 5.98 0.00 6.45
Net Income (Loss) (in dollars per share) (2.89) 6.26 (4.72) 6.90
Dividends Per Common Share $ 0.02 $ 0.15 $ 0.06 $ 0.45
Diluted Average Common Shares Outstanding (in shares) 78,742 73,507 75,125 73,238
Basic Average Common Shares Outstanding (in shares) 78,742 73,093 75,125 72,861