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Industry Segment Information (Tables)
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Industry segment information
The following table provides certain information about the operations of each of our segments:
 
 
Three Months Ended
 
 
March 31,
 
 
2015
 
2014
 
 
(In thousands)
Revenues:
 
 
 
 
Oil and natural gas
 
$
106,069

 
$
188,207

 
 
 
 
 
Contract drilling
 
104,938

 
124,258

Elimination of inter-segment revenue
 
(9,861
)
 
(17,658
)
Contract drilling net of inter-segment revenue
 
95,077

 
106,600

 
 
 
 
 
Gas gathering and processing
 
73,804

 
120,360

Elimination of inter-segment revenue
 
(19,851
)
 
(27,179
)
Gas gathering and processing net of inter-segment revenue
 
53,953

 
93,181

 
 
 
 
 
Total revenues
 
$
255,099

 
$
387,988

Operating income (loss):
 

 

Oil and natural gas
 
$
(416,853
)
 
$
88,112

Contract drilling
 
28,318

 
24,401

Gas gathering and processing
 
(916
)
 
2,630

Total operating income (loss) (1)
 
(389,451
)
 
115,143

General and administrative
 
(9,370
)
 
(9,637
)
Gain on disposition of assets
 
545

 
9,426

Gain (loss) on derivatives not designated as hedges
 
6,586

 
(18,366
)
Interest expense, net
 
(7,240
)
 
(3,790
)
Other
 
(2
)
 
120

Income (loss) before income taxes
 
$
(398,932
)
 
$
92,896

_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, amortization, and impairment and does not include general corporate expenses, gain on disposition of assets, gain (loss) on non-designated hedges, interest expense, other income (loss), or income taxes.