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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Oil, natural gas liquids and natural gas sales $ 763,261 $ 1,344,194 $ 1,256,317
Gain (loss) on derivative instruments, net 115,293 335,019 (50,024)
Total revenues 878,554 1,679,213 1,206,293
Operating Costs and Expenses      
Oil, natural gas liquids and natural gas production 228,380 274,432 257,438
Production and ad valorem taxes 57,380 102,063 94,103
Depreciation, depletion and amortization 593,789 548,564 452,876
Asset impairment 1,292,308 416,801 13,906
Exploration 14,878 28,090 14,036
General and administrative 149,132 122,052 113,821
Accretion of discount on asset retirement obligations 7,108 7,608 6,995
(Gain) loss on sale of assets and other, net (26,570) 2,642 981
Total operating costs and expenses 2,316,405 1,502,252 954,156
Operating Income (Loss) (1,437,851) 176,961 252,137
Other Income (Expense)      
Interest expense (43,108) (37,771) (39,736)
Other income 223 1,181 3,803
Total other expense (42,885) (36,590) (35,933)
Income (Loss) From Continuing Operations Before Income Taxes (1,480,736) 140,371 216,204
Income tax expense (benefit) (535,005) 40,728 74,323
Income (Loss) From Continuing Operations (945,731) 99,643 141,881
Discontinued Operations, net of tax      
Income from discontinued operations 0 29,292 59,079
Gain on disposal of discontinued operations, net 0 439,097 3,594
Income From Discontinued Operations 0 468,389 62,673
Net Income (Loss) $ (945,731) $ 568,032 $ 204,554
Diluted Earnings Per Average Common Share      
Continuing operations (in dollars per share) $ (12.43) $ 1.36 $ 1.96
Discontinued operations (in dollars per share) 0.00 6.39 0.86
Net Income (Loss) (in dollars per share) (12.43) 7.75 2.82
Basic Earnings Per Average Common Share      
Continuing operations (in dollars per share) (12.43) 1.37 1.96
Discontinued operations (in dollars per share) 0.00 6.42 0.87
Net Income (Loss) (in dollars per share) $ (12.43) $ 7.79 $ 2.83
Diluted Average Common Shares Outstanding (in shares) 76,078,371 73,274,631 72,470,622
Basic Average Common Shares Outstanding (in shares) 76,078,371 72,896,579 72,317,865