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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues:    
Oil, gas, and NGL production revenue $ 211,823 $ 393,315
Net loss on divestiture activity (note 3) (69,021) (35,802)
Other operating revenues 274 8,421
Total operating revenues and other income 143,076 365,934
Operating expenses:    
Oil, gas, and NGL production expense 144,543 196,151
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 214,207 217,401
Exploration 15,273 37,407
Impairment of proved properties 269,785 55,526
Abandonment and impairment of unproved properties 2,311 11,627
General and administrative 32,238 43,639
Change in Net Profits Plan liability (1,260) (4,334)
Derivative gain (14,228) (154,167)
Other operating expenses 6,932 17,119
Total operating expenses 669,801 420,369
Loss from operations (526,725) (54,435)
Non-operating income (expense):    
Interest income 6 571
Interest expense (31,088) (32,647)
Gain on Extinguishment of Debt 15,722 0
Loss before income taxes (542,085) (86,511)
Income tax benefit 194,875 33,453
Net loss $ (347,210) $ (53,058)
Basic weighted-average common shares outstanding 68,077 67,463
Diluted weighted-average common shares outstanding 68,077 67,463
Basic net loss per common share $ (5.10) $ (0.79)
Diluted net loss per common share (5.10) (0.79)
Dividends per common share $ 0.05 $ 0.05