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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net Operating Revenues    
Crude Oil and Condensate $ 753,711 $ 1,260,244
Natural Gas Liquids 75,319 111,990
Natural Gas 165,503 287,782
Gains on Mark-to-Market Commodity Derivative Contracts 5,435 76,208
Gathering, Processing and Marketing 333,953 570,270
Gains on Asset Dispositions, Net 9,147 1,607
Other, Net 11,281 10,437
Total 1,354,349 2,318,538
Operating Expenses    
Lease and Well 240,865 361,481
Transportation Costs 190,454 228,312
Gathering and Processing Costs 28,524 36,009
Exploration Costs 29,829 39,449
Dry Hole Costs 246 14,670
Impairments 71,617 69,436
Marketing Costs 340,854 638,662
Depreciation, Depletion and Amortization 928,891 912,788
General and Administrative 100,531 84,297
Taxes Other Than Income 60,679 106,429
Total 1,992,490 2,491,533
Operating Loss (638,141) (172,995)
Other Expense, Net (4,437) (9,991)
Loss Before Interest Expense and Income Taxes (642,578) (182,986)
Interest Expense    
Interest Expense, Net 68,390 53,345
Loss Before Income Taxes (710,968) (236,331)
Income Tax Benefit (239,192) (66,583)
Net Loss $ (471,776) $ (169,748)
Net Loss Per Share    
Basic $ (0.86) $ (0.31)
Diluted (0.86) (0.31)
Dividends Declared per Common Share $ 0.1675 $ 0.1675
Average Number of Common Shares    
Basic 546,715 544,998
Diluted 546,715 544,998
Comprehensive Income (Loss)    
Net Loss $ (471,776) $ (169,748)
Other Comprehensive Income (Loss)    
Foreign Currency Translation Adjustments 2,185 (13,167)
Other 22 (211)
Other Comprehensive Income (Loss) 2,207 (13,378)
Comprehensive Loss $ (469,569) $ (183,126)