Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2013



	December 31, 2013
	Parent Company		Combined Guarantor Subsidiaries		Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets	$	1,820,069	$	168,718	$	—		$	(1,709,026	)	$	279,761
Current assets held for sale	—		—		—			—			—
Assets of discontinued operations	—		—		—			—			—
Property and equipment, net	2,797		1,768,553		2,058			20,807			1,794,215
Investment in subsidiaries	61,619		—		—			(61,619		)	—
Long-term assets held for sale	—		—		—			—			—
Other assets	69,686		—		—			(32,902		)	36,784
Total assets	$	1,954,171	$	1,937,271	$	2,058		$	(1,782,740	)	$	2,110,760

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	190,550	$	1,828,314	$	2,061		$	(1,709,026	)	$	311,899
Current liabilities associated with assets held for sale	—		—		—			—			—
Current liabilities of discontinued operations	10,936		—		—			—			10,936
Long-term liabilities	905,235		47,335		—			(23,585		)	928,985
Long-term liabilities associated with assets held for sale	—		—		—			—			—
Long-term liabilities of discontinued operations	17,336		—		—			—			17,336
Shareholders’ equity	830,114		61,622		(3		)	(50,129		)	841,604
Total liabilities and shareholders’ equity	$	1,954,171	$	1,937,271	$	2,058		$	(1,782,740	)	$	2,110,760



	December 31, 2012
	Parent Company		Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets	$	1,689,430	$	130,487		$	—	$	(1,613,094	)	$	206,823
Current assets held for sale	—		—			1,882		—			1,882
Property and equipment, net	23,041		1,443,064			—		21,569			1,487,674
Investment in subsidiaries	14,588		—			—		(14,588		)	—
Long-term assets held for sale	12,670		—			119,956		—			132,626
Other assets	46,913		16,928			—		(8,850		)	54,991
Total assets	$	1,786,642	$	1,590,479		$	121,838	$	(1,614,963	)	$	1,883,996

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	179,221	$	1,631,887		$	—	$	(1,560,853	)	$	250,255
Current liabilities associated with assets held for sale	9,880		—			38,783		—			48,663
Long-term liabilities	973,003		3,512			—		—			976,515
Long-term liabilities associated with assets held for sale	—		—			23,547		—			23,547
Shareholders’ equity	624,538		(44,920		)	59,508		(54,110		)	585,016
Total liabilities and shareholders’ equity	$	1,786,642	$	1,590,479		$	121,838	$	(1,614,963	)	$	1,883,996



	For the Year Ended December 31, 2013
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Oil and gas revenues	$	6,490		$	513,692		$	—		$	—		$	520,182
Costs and expenses	82,282			284,076			3			762			367,123
Loss on sale of oil and gas properties	—			45,377			—			—			45,377
Operating income (loss)	(75,792		)	184,239			(3		)	(762		)	107,682
Other income (expense), net	(52,592		)	(20,329		)	—			—			(72,921		)
Income (loss) from continuing operations before income taxes	(128,384		)	163,910			(3		)	(762		)	34,761
Income tax (expense) benefit	44,934			(57,369		)	—			(468		)	(12,903		)
Equity in income (loss) of subsidiaries	106,538			—			—			(106,538		)	—
Net income (loss) from continuing operations	23,088			106,541			(3		)	(107,768		)	21,858
Net income from discontinued operations, net of income taxes	21,825			—			—			—			21,825
Net income (loss)	$	44,913		$	106,541		$	(3	)	$	(107,768	)	$	43,683



	For the Year Ended December 31, 2012
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Oil and gas revenues	$	20,195		$	347,985		$	—	$	—		$	368,180
Costs and expenses	76,839			205,341			—		(12,653		)	269,527
Operating income (loss)	(56,644		)	142,644			—		12,653			98,653
Other income (expense), net	20,022			(36,542		)	—		—			(16,520		)
Income (loss) from continuing operations before income taxes	(36,622		)	106,102			—		12,653			82,133
Income tax (expense) benefit	12,658			(37,136		)	—		(6,478		)	(30,956		)
Equity in income (loss) of subsidiaries	73,150			—			—		(73,150		)	—
Net income (loss) from continuing operations	49,186			68,966			—		(66,975		)	51,177
Net income from discontinued operations, net of income taxes	126			—			4,184		—			4,310
Net income (loss)	$	49,312		$	68,966		$	4,184	$	(66,975	)	$	55,487



	For the Year Ended December 31, 2011
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Oil and gas revenues	$	31,875		$	170,292		$	—	$	—		$	202,167
Costs and expenses	68,652			100,255			—		(4,891		)	164,016
Operating income (loss)	(36,777		)	70,037			—		4,891			38,151
Other income (expense), net	41,182			(21,188		)	—		—			19,994
Income (loss) from continuing operations before income taxes	4,405			48,849			—		4,891			58,145
Income tax (expense) benefit	(1,209		)	(22,612		)	—		(1,790		)	(25,611		)
Equity in income (loss) of subsidiaries	29,319			—			—		(29,319		)	—
Net income (loss) from continuing operations	32,515			26,237			—		(26,218		)	32,534
Net loss from discontinued operations, net of income taxes	1,013			—			3,082		—			4,095
Net income (loss)	$	33,528		$	26,237		$	3,082	$	(26,218	)	$	36,629



	For the Year Ended December 31, 2013
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash provided by operating activities - continuing operations	$	(55,888	)	$	423,366		$	(4	)	$	—		$	367,474
Net cash used in investing activities - continuing operations	(86,322		)	(513,710		)	(2,057		)	92,204			(509,885		)
Net cash provided by financing activities - continuing operations	120,326			90,143			2,061			(92,204		)	120,326
Net cash provided by (used in) discontinued operations	127,429			—			(519		)	—			126,910
Net increase (decrease) in cash and cash equivalents	105,545			(201		)	(519		)	—			104,825
Cash and cash equivalents, beginning of year	51,894			201			519			—			52,614
Cash and cash equivalents, end of year	$	157,439		$	—		$	—		$	—		$	157,439



	For the Year Ended December 31, 2012
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash provided by operating activities - continuing operations	$	75,546		$	177,525		$	—		$	—		$	253,071
Net cash provided by (used in) investing activities - continuing operations	(280,564		)	(493,145		)	—			308,558			(465,151		)
Net cash provided by (used in) financing activities - continuing operations	237,778			308,558			—			(308,558		)	237,778
Net cash used in discontinued operations	—			—			(1,196		)	—			(1,196		)
Net increase (decrease) in cash and cash equivalents	32,760			(7,062		)	(1,196		)	—			24,502
Cash and cash equivalents, beginning of year	19,134			7,263			1,715			—			28,112
Cash and cash equivalents, end of year	$	51,894		$	201		$	519		$	—		$	52,614



	For the Year Ended December 31, 2011
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net cash provided by operating activities - continuing operations	$	56,563		$	98,948		$	—	$	—		$	155,511
Net cash provided by (used in) investing activities - continuing operations	(194,689		)	(356,168		)	—		300,789			(250,068		)
Net cash provided by (used in) financing activities - continuing operations	155,842			261,773			—		(300,789		)	116,826
Net cash provided by discontinued operations	—			—			1,715		—			1,715
Net increase in cash and cash equivalents	17,716			4,553			1,715		—			23,984
Cash and cash equivalents, beginning of year	1,418			2,710			—		—			4,128
Cash and cash equivalents, end of year	$	19,134		$	7,263		$	1,715	$	—		$	28,112