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Segment Information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Information [Abstract]  
Summary Financial Information For Company's Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration

 

 

 

 

 

 

 

 

 

 

 

and

 

Midstream

 

 

 

 

 

 

 

 

Production

 

Services

 

Other

 

Total

 

 

(in thousands)

Three months ended March 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

795,413 

 

$

317,326 

 

$

38 

 

$

1,112,777 

Intersegment revenues

 

 

6,405 

 

 

912,081 

 

 

41 

 

 

918,527 

Operating income (loss)

 

 

352,140 

 

 

82,639 

 

 

(160)

 

 

434,619 

Other income (loss), net

 

 

1,512 

 

 

47 

 

 

(366)

 

 

1,193 

Loss on derivatives

 

 

(99,242)

 

 

(362)

 

 

(116)

 

 

(99,720)

Depreciation, depletion and amortization expense

 

 

211,080 

 

 

13,953 

 

 

43 

 

 

225,076 

Interest expense(1)

 

 

9,116 

 

 

3,597 

 

 

194 

 

 

12,907 

Provision (benefit) for income taxes(1)

 

 

97,767 

 

 

31,507 

 

 

(279)

 

 

128,995 

Assets

 

 

6,621,342 

 

 

1,543,944 

 

 

257,878 

(2)

 

8,423,164 

Capital investments(3)

 

 

498,907 

 

 

38,553 

 

 

4,476 

 

 

541,936 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

510,094 

 

$

223,534 

 

$

21 

 

$

733,649 

Intersegment revenues

 

 

1,508 

 

 

497,373 

 

 

54 

 

 

498,935 

Operating income (loss)(1)

 

 

175,758 

 

 

76,307 

 

 

(105)

 

 

251,960 

Other income (loss), net

 

 

(378)

 

 

(155)

 

 

–  

 

 

(533)

Loss on derivatives

 

 

(29,794)

 

 

–  

 

 

–  

 

 

(29,794)

Depreciation, depletion and amortization expense

 

 

167,450 

 

 

11,912 

 

 

105 

 

 

179,467 

Interest expense(1)

 

 

6,176 

 

 

2,645 

 

 

200 

 

 

9,021 

Provision (benefit) for income taxes(1)

 

 

55,816 

 

 

29,403 

 

 

(122)

 

 

85,097 

Assets

 

 

5,389,728 

 

 

1,278,256 

 

 

248,807 

(2)

 

6,916,791 

Capital investments(3)

 

 

475,333 

 

 

38,467 

 

 

4,256 

 

 

518,056 

 

(1)

Interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.

(2)

Other assets represent corporate assets not allocated to segments and assets, including restricted cash and investments in cash equivalents, for non reportable segments.

(3)

Capital investments includes increases of $5.6 million and $32.9 million for the three-month periods ended March 31, 2014 and 2013, respectively, relating to the change in accrued expenditures between periods.