Selected Quarterly Financial Data (Unaudited) - Selected Quarterly Financial Data (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Revenues and other income: | |||||||||||
Natural gas, NGLs and oil sales | $ 448,545 | $ 431,214 | $ 437,678 | $ 398,239 | $ 398,688 | $ 337,040 | $ 298,349 | $ 317,617 | $ 1,715,676 | $ 1,351,694 | $ 1,173,266 |
Derivative fair value (loss) income | (59,355) | (40,355) | 137,760 | (99,875) | (5,571) | (40,728) | 148,569 | (60,833) | (61,825) | 41,437 | 40,087 |
Gain on the sale of assets | 3,162 | 6,008 | 83,287 | (166) | 61,836 | 949 | (3,227) | (10,426) | 92,291 | 49,132 | 2,259 |
Brokered natural gas, marketing and other | 35,734 | 45,171 | 14,631 | 21,041 | 3,085 | 2,519 | 5,240 | 4,597 | 116,577 | 15,441 | 15,030 |
Total revenues and other income | 428,086 | 442,038 | 673,356 | 319,239 | 458,038 | 299,780 | 448,931 | 250,955 | 1,862,719 | 1,457,704 | 1,230,642 |
Costs and expenses: | |||||||||||
Direct operating | 34,360 | 30,907 | 32,636 | 30,188 | 30,214 | 29,628 | 27,041 | 29,022 | 128,091 | 115,905 | 112,972 |
Transportation, gathering and compression | 66,820 | 60,958 | 66,048 | 62,416 | 55,281 | 51,600 | 44,744 | 40,820 | 256,242 | 192,445 | 120,755 |
Production and ad valorem taxes | 11,290 | 11,454 | 11,113 | 11,383 | 9,881 | 8,819 | 11,786 | 36,634 | 45,240 | 67,120 | 27,666 |
Brokered natural gas and marketing | 41,692 | 51,117 | 16,662 | 22,315 | 4,994 | 4,887 | 6,491 | 4,062 | 131,786 | 20,434 | 11,986 |
Exploration | 14,065 | 20,496 | 13,068 | 16,780 | 18,022 | 14,752 | 15,517 | 21,516 | 64,409 | 69,807 | 81,367 |
Abandonment and impairment of unproved properties | 5,852 | 11,692 | 19,156 | 15,218 | 21,230 | 40,118 | 43,641 | 20,289 | 51,918 | 125,278 | 79,703 |
General and administrative | 60,207 | 44,919 | 101,987 | 84,058 | 46,582 | 44,497 | 44,005 | 38,729 | 291,171 | 173,813 | 151,191 |
Deferred compensation plan | 22,039 | (2,225) | (6,878) | 42,360 | (14,352) | 20,052 | 9,333 | (7,830) | 55,296 | 7,203 | 43,209 |
Interest expense | 44,955 | 44,321 | 45,071 | 42,210 | 44,708 | 43,997 | 42,888 | 37,205 | 176,557 | 168,798 | 125,052 |
Loss on early extinguishment of debt | 12,280 | 11,063 | 12,280 | 11,063 | 18,576 | ||||||
Depletion, depreciation and amortization | 126,958 | 130,343 | 119,995 | 115,101 | 113,216 | 123,059 | 108,802 | 100,151 | 492,397 | 445,228 | 341,221 |
Impairment | 7,012 | 741 | 34,273 | 1,281 | 7,753 | 35,554 | 38,681 | ||||
Total costs and expenses | 428,238 | 410,994 | 431,879 | 442,029 | 375,112 | 382,690 | 354,248 | 320,598 | 1,713,140 | 1,432,648 | 1,152,379 |
(Loss) income from continuing operations before income taxes | (152) | 31,044 | 241,477 | (122,790) | 82,926 | (82,910) | 94,683 | (69,643) | 149,579 | 25,056 | 78,263 |
Income tax (benefit) expense | (143) | (25) | 25 | (1,778) | (143) | (1,778) | 637 | ||||
Deferred | (28,180) | 11,866 | 97,519 | (47,205) | 31,742 | (29,074) | 39,007 | (27,843) | 34,000 | 13,832 | 34,920 |
Total income tax expense | (28,323) | 11,866 | 97,494 | (47,180) | 29,964 | (29,074) | 39,007 | (27,843) | 33,857 | 12,054 | 35,557 |
Net income | $ 28,171 | $ 19,178 | $ 143,983 | $ (75,610) | $ 52,962 | $ (53,836) | $ 55,676 | $ (41,800) | $ 115,722 | $ 13,002 | $ 58,026 |
Net (loss) income per common share: | |||||||||||
Basic | $ 0.17 | $ 0.12 | $ 0.88 | $ (0.47) | $ 0.33 | $ (0.34) | $ 0.34 | $ (0.26) | $ 0.71 | $ 0.08 | $ 0.36 |
Diluted | $ 0.17 | $ 0.12 | $ 0.88 | $ (0.47) | $ 0.32 | $ (0.34) | $ 0.34 | $ (0.26) | $ 0.70 | $ 0.08 | $ 0.36 |
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Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Costs incurred in brokering natural gas, a result of buying and selling natural gas in back-to-back transactions, during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Revenue related to brokering natural gas. The entity realizes brokered margin as a result of buying and selling natural gas in back-to-back transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The adjustment to expense previously capitalized costs of drilling exploratory wells when proved reserves are not found or when the entity obtains information that raises substantial doubt about the economic or operational viability of the project. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cost incurred related to the gas activities, such as transportation, marketing and processing crude oil, natural gas and refined petroleum products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Costs incurred to operate and maintain an entities' wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Revenue from the sale of oil and gas during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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A tax assessed on oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income before income taxes for oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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