XML 18 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net Operating Revenues        
Crude Oil and Condensate $ 1,137,717 $ 1,181,092 $ 2,951,118 $ 3,894,092
Natural Gas Liquids 112,439 95,217 299,401 311,137
Natural Gas 205,293 281,837 526,779 843,657
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts 5,117 29,239 (33,821) 56,954
Gathering, Processing and Marketing 532,456 572,217 1,351,665 1,820,843
Gains (Losses) on Asset Dispositions, Net 108,204 (1,185) 101,801 (5,142)
Other, Net 17,278 14,011 51,650 39,126
Total 2,118,504 2,172,428 5,248,593 6,960,667
Operating Expenses        
Lease and Well 226,348 283,221 685,606 934,366
Transportation Costs 200,862 203,594 570,787 641,739
Gathering and Processing Costs 32,635 35,497 90,385 106,503
Exploration Costs 25,455 31,344 85,843 114,548
Dry Hole Costs 10,390 198 10,464 14,317
Impairments 177,990 6,307,420 322,321 6,445,375
Marketing Costs 552,487 615,303 1,373,387 1,924,134
Depreciation, Depletion and Amortization 899,511 722,172 2,690,893 2,544,187
General and Administrative 94,397 90,959 292,633 257,580
Taxes Other Than Income 91,909 105,677 246,068 334,244
Total 2,311,984 8,395,385 6,368,387 13,316,993
Operating Loss (193,480) (6,222,957) (1,119,794) (6,356,326)
Other (Expense) Income, Net (7,912) 8,607 (33,345) 7,996
Loss Before Interest Expense and Income Taxes (201,392) (6,214,350) (1,153,139) (6,348,330)
Interest Expense        
Interest Expense, Net 70,858 60,571 210,356 174,400
Loss Before Income Taxes (272,250) (6,274,921) (1,363,495) (6,522,730)
Income Tax Benefit (82,250) (2,199,182) (409,161) (2,282,511)
Net Loss $ (190,000) $ (4,075,739) $ (954,334) $ (4,240,219)
Net Loss Per Share        
Basic $ (0.35) $ (7.47) $ (1.74) $ (7.77)
Diluted (0.35) (7.47) (1.74) (7.77)
Dividends Declared per Common Share $ 0.1675 $ 0.1675 $ 0.5025 $ 0.5025
Average Number of Common Shares        
Basic 547,838 545,920 547,295 545,466
Diluted 547,838 545,920 547,295 545,466
Comprehensive Income (Loss)        
Net Loss $ (190,000) $ (4,075,739) $ (954,334) $ (4,240,219)
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 141 (7,004) 8,170 (11,767)
Other 23 28 68 (156)
Other Comprehensive Income (Loss) 164 (6,976) 8,238 (11,923)
Comprehensive Loss $ (189,836) $ (4,082,715) $ (946,096) $ (4,252,142)