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Segment Information
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
We operate in two geographic areas, 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. In Canada, our midstream operation is the Fortune Creek partnership. 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)
2015 (Restated)
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
46,964

 
$
11,076

 
$
3,921

 
$
—

 
$
(2,974
)
 
$
58,987

DD&A
6,133

 
4,615

 
543

 
359

 
—

 
11,650

Impairment expense
150,816

 
13,702

 
—

 
—

 
—

 
164,518

Operating income (loss)
(140,889
)
 
(18,180
)
 
2,602

 
(10,580
)
 
—

 
(167,047
)
Property and equipment costs incurred
3,664

 
993

 
—

 
55

 
—

 
4,712

2014
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
120,513

 
$
42,072

 
$
5,184

 
$
—

 
$
(4,271
)
 
$
163,498

DD&A
8,096

 
4,171

 
1,256

 
446

 
—

 
13,969

Impairment expense
—

 
—

 
135

 
—

 
—

 
135

Operating income (loss)
57,809

 
16,364

 
2,367

 
(11,756
)
 
—

 
64,784

Property and equipment costs incurred
20,912

 
7,254

 
72

 
218

 
—

 
28,456

For the Nine Months Ended September 30:
(in thousands)
2015 (Restated)
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
173,028

 
$
46,631

 
$
16,291

 
$
—

 
$
(8,831
)
 
$
227,119

DD&A
19,452

 
17,495

 
1,660

 
1,186

 
—

 
39,793

Impairment expense
150,816

 
91,113

 
—

 
—

 
—

 
241,929

Operating income (loss)
(109,089
)
 
(100,723
)
 
12,516

 
(40,498
)
 
—

 
(237,794
)
Property and equipment costs incurred
19,615

 
2,557

 
48

 
325

 
—

 
22,545

2014
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
269,310

 
$
101,198

 
$
16,157

 
$
—

 
$
(13,349
)
 
$
373,316

DD&A
23,652

 
13,779

 
3,744

 
1,409

 
—

 
42,584

Impairment expense
—

 
—

 
135

 
—

 
—

 
135

Operating income (loss)
78,891

 
20,199

 
7,700

 
(39,524
)
 
—

 
67,266

Property and equipment costs incurred
85,814

 
20,924

 
83

 
763

 
—

 
107,584

Property, plant and equipment-net
 
 
 
 
 
 
 
 
 
 
 
September 30, 2015 (Restated)
$
266,992

 
$
146,960

 
$
23,964

 
$
2,904

 
$
—

 
$
440,820

December 31, 2014
416,901

 
280,830

 
27,205

 
3,844

 
—

 
728,780

Total assets
 
 
 
 
 
 
 
 
 
 
 
September 30, 2015 (Restated)
$
547,085

 
$
87,976

 
$
30,499

 
$
2,904

 
$
—

 
$
668,464

December 31, 2014
881,906

 
285,695

 
42,857

 
3,844

 
—

 
1,214,302