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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Production $ 104,546 $ 156,288 [1] $ 358,281 $ 473,053 [1]
Sales of purchased natural gas 15,130 21,313 [1] 50,373 42,841 [1]
Net derivative gains (losses) (including realized gains of $8,009 and $12,376; $14,129 and $35,059, respectively) 32,733 (60,377) [1] 36,202 (33,902) [1]
Other 707 964 [1] 2,462 3,080 [1]
Total revenue 153,116 118,188 447,318 485,072
Operating expense        
Lease operating 18,591 22,115 [1] 63,699 72,405 [1]
Gathering, processing and transportation 35,567 41,338 [1] 112,064 127,039 [1]
Production and ad valorem taxes 4,678 6,881 [1] 15,462 20,833 [1]
Costs of purchased natural gas 15,114 21,254 [1] 50,311 42,528 [1]
Depletion, depreciation and accretion 14,390 34,014 [1] 47,911 136,469 [1]
Impairment 0 551,132 [1] 0 2,068,787 [1]
General and administrative 10,471 17,335 [1] 43,509 54,835 [1]
Other operating 2,230 670 [1] 4,435 821 [1]
Total expense 101,041 694,739 337,391 2,523,717
Crestwood earn-out       41,097
Operating income (loss) 60,049 (576,551) 451,073 (1,997,548)
Other income - net 667 (395) [1] (14,588) (237) [1]
Fortune Creek accretion (4,818) (4,978) [1] (14,490) (14,549) [1]
Interest expense (39,355) (42,102) [1] (210,535) (122,348) [1]
Income (loss) before income taxes 16,543 (624,026) 211,460 (2,134,682)
Income tax (expense) benefit (5,966) (166,494) [1] (18,063) 330,575 [1]
Net income (loss) 10,577 (790,520) 193,397 (1,804,107)
Net Income (Loss) Attributable to Parent 10,577 (790,520) 193,397 (1,804,107)
Reclassification adjustments related to settlements of derivative contracts into production revenue- net of income tax (11,139) (34,145) [1] (37,181) (99,726) [1]
Net change in derivative fair value - net of income tax 0 (11,905) [1] 0 60,305 [1]
Foreign currency translation adjustment 2,345 (565) [1] (933) (5,495) [1]
Other comprehensive income (loss) (8,794) (46,615) (38,114) (44,916)
Comprehensive income (loss) 1,783 (837,135) 155,283 (1,849,023)
Earnings (loss) per common share - basic $ 0.06 $ (4.65) [1] $ 1.10 $ (10.61) [1]
Earnings (loss) per common share - diluted $ 0.06 [2] $ (4.65) [1],[2] $ 1.10 [2] $ (10.61) [1],[2]
Tokyo Gas [Member]
       
Operating expense        
Crestwood earn-out 7,974 0 [1] 341,146  
Gain (Loss) on Disposition of Oil and Gas and Timber Property     341,146 0 [1]
kwk_CrestwoodLP [Member]
       
Operating expense        
Crestwood earn-out $ 0 $ 0 [1] $ 0 $ 41,097 [1]
[1] Note 1 contains additional information
[2] For the three months ended September 30, 2013, 6.2 million shares associated with our stock options and 0.2 million shares associated with our unvested restricted stock units were antidilutive; therefore, excluded from the diluted share calculation. For the three months ended September 30, 2012, 5.0 million shares associated with our stock options and 0.3 million shares associated with our unvested restricted stock units were antidilutive; therefore, excluded from the diluted share calculation. For the nine months ended September 30, 2013, 5.5 million shares associated with our stock options and 0.2 million shares associated with our unvested restricted stock units were antidilutive; therefore, excluded from the diluted share calculation. For the nine months ended September 30, 2012, 5.0 million shares associated with our stock options and 0.3 million shares associated with our unvested restricted stock units were antidilutive; therefore, excluded from the diluted share calculation.