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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net Operating Revenues and Other        
Crude Oil and Condensate $ 1,445,454 $ 1,059,690 $ 2,875,515 $ 1,813,401
Natural Gas Liquids 146,907 111,643 300,351 186,962
Natural Gas 224,008 155,983 454,610 321,486
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts 9,446 (44,373) 71,466 (38,938)
Gathering, Processing and Marketing 778,797 485,256 1,505,334 819,209
Losses on Asset Dispositions, Net (8,916) (15,550) (25,674) (6,403)
Other, Net 16,776 23,091 41,435 34,372
Total 2,612,472 1,775,740 5,223,037 3,130,089
Operating Expenses        
Lease and Well 255,186 218,393 510,963 459,258
Transportation Costs 186,356 179,471 365,070 369,925
Gathering and Processing Costs 34,746 29,226 72,890 57,750
Exploration Costs 34,711 30,559 91,605 60,388
Dry Hole Costs 27 (172) 27 74
Impairments 78,934 72,714 272,121 144,331
Marketing Costs 790,599 480,046 1,527,135 820,900
Depreciation, Depletion and Amortization 865,384 862,491 1,681,420 1,791,382
General and Administrative 108,507 97,705 205,745 198,236
Taxes Other Than Income 130,114 93,480 260,407 154,159
Total 2,484,564 2,063,913 4,987,383 4,056,403
Operating Income (Loss) 127,908 (288,173) 235,654 (926,314)
Other Income (Expense), Net 4,972 (20,996) 8,123 (25,433)
Income (Loss) Before Interest Expense and Income Taxes 132,880 (309,169) 243,777 (951,747)
Interest Expense        
Interest Expense, Net 70,413 71,108 141,928 139,498
Income (Loss) Before Income Taxes 62,467 (380,277) 101,849 (1,091,245)
Income Tax Provision (Benefit) 39,414 (87,719) 50,279 (326,911)
Net Income (Loss) $ 23,053 $ (292,558) $ 51,570 $ (764,334)
Net Income (Loss) Per Share        
Basic $ 0.04 $ (0.53) $ 0.09 $ (1.40)
Diluted 0.04 (0.53) 0.09 (1.40)
Dividends Declared per Common Share $ 0.1675 $ 0.1675 $ 0.3350 $ 0.3350
Average Number of Common Shares        
Basic 574,439 547,335 574,162 547,029
Diluted 578,483 547,335 578,573 547,029
Other Comprehensive Income        
Foreign Currency Translation Adjustments $ 1,260 $ 5,844 $ 1,569 $ 8,029
Other, Net of Tax (86) 23 (49) 45
Other Comprehensive Income 1,174 5,867 1,520 8,074
Comprehensive Income (Loss) $ 24,227 $ (286,691) $ 53,090 $ (756,260)