XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Oil and natural gas $ 69,190 $ 107,256 $ 127,464 $ 213,325
Contract drilling 24,257 55,015 62,967 150,092
Gas gathering and processing 44,858 52,176 84,058 106,129
Total revenues 138,305 214,447 274,489 469,546
Oil and natural gas:        
Operating costs 33,331 45,972 66,677 91,183
Depreciation, depletion, and amortization 30,411 68,101 62,243 145,219
Impairment of oil and natural gas properties (Note 2) 74,291 410,536 112,120 811,129
Contract drilling:        
Operating costs 19,254 36,485 47,352 88,231
Depreciation 10,918 13,265 23,113 28,278
Impairment of contract drilling equipment (Note 3) 0 8,314 0 8,314
Gas gathering and processing:        
Operating costs 32,381 40,592 63,447 84,767
Depreciation and amortization 11,515 10,848 22,974 21,542
General and administrative 8,382 9,624 17,097 18,994
Gain on disposition of assets (477) (415) (669) (960)
Total operating expenses 220,006 643,322 414,354 1,296,697
Loss from operations (81,701) (428,875) (139,865) (827,151)
Other income (expense):        
Interest, net (10,606) (7,956) (20,223) (15,196)
Gain (loss) on derivatives (22,672) (1,919) (11,743) 4,667
Other 1 24 (14) 22
Total other income (expense) (33,277) (9,851) (31,980) (10,507)
Loss before income taxes (114,978) (438,726) (171,845) (837,658)
Income tax expense (benefit):        
Current 0 803 0 868
Deferred (42,842) (165,140) (58,560) (315,783)
Total income taxes (42,842) (164,337) (58,560) (314,915)
Net loss $ (72,136) $ (274,389) $ (113,285) $ (522,743)
Net loss per common share:        
Basic $ (1.44) $ (5.58) $ (2.27) $ (10.66)
Diluted $ (1.44) $ (5.58) $ (2.27) $ (10.66)