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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and other income:        
Natural gas, NGLs and oil sales $ 224,606 $ 258,053 $ 434,093 $ 583,536
Derivative fair value (loss) income (162,798) (34,791) (75,890) 88,048
Brokered natural gas, marketing and other 39,989 21,339 75,007 35,824
Total revenues and other income 101,797 244,601 433,210 707,408
Costs and expenses:        
Direct operating 20,671 34,780 44,725 71,917
Transportation, gathering and compression 136,844 95,198 262,107 184,624
Production and ad valorem taxes 6,049 9,242 11,936 19,170
Brokered natural gas and marketing 40,925 27,031 77,483 48,593
Exploration 6,785 5,025 11,698 12,911
Abandonment and impairment of unproved properties 7,059 12,330 17,687 23,821
General and administrative 46,064 55,964 86,721 104,293
Memorial merger expenses 2,621 0 2,621 0
Termination costs 5 417 167 6,367
Deferred compensation plan 25,746 (7,282) 41,802 (12,906)
Interest 37,758 43,479 75,497 82,686
Depletion, depreciation and amortization 122,390 151,895 242,951 299,185
Impairment of proved properties 0 0 43,040 0
Loss (gain) on the sale of assets 3,304 (2,909) 4,947 (2,734)
Total costs and expenses 456,221 425,170 923,382 837,927
Loss before income taxes (354,424) (180,569) (490,172) (130,519)
Income tax benefit:        
Current 0 0 0 0
Deferred (129,488) (61,975) (173,526) (39,609)
Total income tax benefit (129,488) (61,975) (173,526) (39,609)
Net loss $ (224,936) $ (118,594) $ (316,646) $ (90,910)
Net loss per common share:        
Basic $ (1.35) $ (0.71) $ (1.90) $ (0.55)
Diluted (1.35) (0.71) (1.90) (0.55)
Dividends paid per common share $ 0.02 $ 0.04 $ 0.04 $ 0.08
Weighted average common shares outstanding:        
Basic 167,126 166,421 166,964 166,230
Diluted 167,126 166,421 166,964 166,230