XML 38 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Industry Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Industry segment information

The following tables provide certain information about the operations of each of our segments:
 
 
Three Months Ended March 31, 2017
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
87,598

 
$

 
$

 
$

 
$

 
$
87,598

Contract drilling
 

 
37,185

 

 

 

 
37,185

Gas gathering and processing
 

 

 
66,464

 

 
(15,523
)
 
50,941

Total revenues
 
87,598

 
37,185

 
66,464

 

 
(15,523
)
 
175,724

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
30,326

 

 

 

 
(1,122
)
 
29,204

Contract drilling
 

 
29,227

 

 

 

 
29,227

Gas gathering and processing
 

 

 
52,105

 

 
(14,401
)
 
37,704

Total operating costs
 
30,326

 
29,227

 
52,105

 

 
(15,523
)
 
96,135

Depreciation, depletion, and amortization
 
21,526

 
12,847

 
10,818

 
1,741

 

 
46,932

Total expenses
 
51,852

 
42,074

 
62,923

 
1,741

 
(15,523
)
 
143,067

Total operating income (loss) (1)
 
35,746

 
(4,889
)
 
3,541

 
(1,741
)
 

 
 
General and administrative expense
 

 

 

 
(8,954
)
 

 
(8,954
)
Gain on disposition of assets
 
9

 
7

 

 
808

 

 
824

Gain on derivatives
 

 

 

 
14,731

 

 
14,731

Interest expense, net
 

 

 

 
(9,396
)
 

 
(9,396
)
Other
 

 

 

 
3

 

 
3

Income (loss) before income taxes
 
$
35,755

 
$
(4,882
)
 
$
3,541

 
$
(4,549
)
 
$

 
$
29,865

_______________________
(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 on derivatives, interest expense, other income (loss), or income taxes.

 
 
Three Months Ended March 31, 2016
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
58,274

 
$

 
$

 
$

 
$

 
$
58,274

Contract drilling
 

 
38,710

 

 

 

 
38,710

Gas gathering and processing
 

 

 
49,045

 

 
(9,845
)
 
39,200

Total revenues
 
58,274

 
38,710

 
49,045

 

 
(9,845
)
 
136,184

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
34,804

 

 

 

 
(1,458
)
 
33,346

Contract drilling
 

 
28,098

 

 

 

 
28,098

Gas gathering and processing
 

 

 
39,453

 

 
(8,387
)
 
31,066

Total operating costs
 
34,804

 
28,098

 
39,453

 

 
(9,845
)
 
92,510

Depreciation, depletion, and amortization
 
31,832

 
12,195

 
11,459

 
104

 

 
55,590

Impairments
 
37,829

 

 

 

 

 
37,829

Total expenses
 
104,465

 
40,293

 
50,912

 
104

 
(9,845
)
 
185,929

Total operating loss(1)
 
(46,191
)
 
(1,583
)
 
(1,867
)
 
(104
)
 

 
 
General and administrative expense
 

 

 

 
(8,611
)
 

 
(8,611
)
Gain (loss) on disposition of assets
 

 
494

 
(302
)
 

 

 
192

Gain on derivatives
 

 

 

 
10,929

 

 
10,929

Interest expense, net
 

 

 

 
(9,617
)
 

 
(9,617
)
Other
 

 

 

 
(15
)
 

 
(15
)
Loss before income taxes
 
$
(46,191
)
 
$
(1,089
)
 
$
(2,169
)
 
$
(7,418
)
 
$

 
$
(56,867
)
_______________________
(1)
Operating loss is total operating revenues less operating expenses, depreciation, depletion, amortization, and impairment and does not include general corporate expenses, gain (loss) on disposition of assets, gain on derivatives, interest expense, other income (loss), or income taxes.