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Segment Information
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
We operate in two geographic segments, the U.S. and Canada, where we are engaged in the exploration and production segment of the oil and gas industry. Additionally, we operate a significantly smaller midstream segment in the U.S. and Canada, where we provide natural gas gathering and processing services, primarily to our U.S. and Canadian exploration and production segments. Following the formation of our partnership with KKR, beginning in January 2012, we have additional midstream operations in Canada through Fortune Creek. Revenue earned by Fortune Creek for the gathering and processing of our gas is eliminated on a consolidated basis as is the GPT recognized by our producing properties. Based on the immateriality of our midstream segment, we have combined our U.S. and Canadian midstream information. We evaluate performance based on operating income and property and equipment costs incurred.
 
Exploration &
Production
 
 
 
 
 
 
 
Quicksilver Consolidated
 
U.S.
 
Canada
 
Midstream
 
Corporate
 
Elimination
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended September 30:
(In thousands)
2013
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
114,002

 
$
38,407

 
$
6,381

 
$

 
$
(5,674
)
 
$
153,116

DD&A
8,402

 
4,114

 
1,300

 
574

 

 
14,390

Operating income (loss)
56,911

 
11,076

 
3,107

 
(11,045
)
 

 
60,049

Property and equipment costs incurred
15,147

 
4,288

 
1,615

 
(329
)
 

 
20,721

2012 (Restated)
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
108,365

 
$
8,859

 
$
6,082

 
$

 
$
(5,118
)
 
$
118,188

DD&A
23,205

 
8,938

 
1,281

 
590

 

 
34,014

Impairment expense
479,905

 
66,282

 
4,945

 

 

 
551,132

Operating income (loss)
(476,542
)
 
(82,528
)
 
443

 
(17,924
)
 

 
(576,551
)
Property and equipment costs incurred
43,722

 
21,382

 
1,824

 
837

 

 
67,765

For the Nine Months Ended September 30:
 
2013
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
334,804

 
$
110,052

 
$
19,198

 
$

 
$
(16,736
)
 
447,318

DD&A
29,745

 
12,458

 
3,947

 
1,761

 

 
47,911

Operating income (loss)
456,624

 
30,126

 
9,593

 
(45,270
)
 

 
451,073

Property and equipment costs incurred
50,459

 
9,972

 
2,369

 
9,655

 

 
72,455

2012 (Restated)
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
429,776

 
$
52,249

 
$
15,363

 
$

 
$
(12,316
)
 
485,072

DD&A
101,432

 
29,454

 
3,810

 
1,773

 

 
136,469

Impairment expense
1,700,682

 
363,160

 
4,945

 

 

 
2,068,787

Operating income (loss)
(1,559,594
)
 
(382,194
)
 
849

 
(56,609
)
 

 
(1,997,548
)
Property and equipment costs incurred
160,699

 
178,783

 
13,263

 
6,284

 

 
359,029

Property, plant and equipment-net
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
$
452,023

 
$
303,265

 
$
101,038

 
$
6,606

 
$

 
$
862,932

December 31, 2012
614,071

 
294,921

 
111,523

 
8,543

 

 
1,029,058

Total assets
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
847,466

 
365,058

 
112,483

 
6,606

 

 
$
1,331,613

December 31, 2012
784,104

 
371,532

 
217,609

 
8,543

 

 
1,381,788