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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Oil sales $ 809,664 $ 1,308,958 $ 1,250,212
Gas sales 428,227 687,930 471,045
NGL sales 179,647 375,941 231,248
Gas gathering and other 34,688 49,602 45,441
Gas marketing, net of related costs of $144,673, $256,836 and $187,772 respectively 393 1,745 105
Total revenues 1,452,619 2,424,176 1,998,051
Costs and expenses:      
Impairment of oil and gas properties 3,716,883    
Depreciation, depletion and amortization 778,923 806,021 615,874
Asset retirement obligation 9,121 10,082 7,989
Production 299,374 342,304 286,742
Transportation, processing and other operating 182,362 195,414 93,580
Gas gathering and other 38,138 35,113 25,876
Taxes other than income 84,764 128,793 112,732
General and administrative 74,688 81,160 77,466
Stock compensation 19,559 15,001 14,279
(Gain) loss on derivative instruments, net (11,246) (3,762) 209
Other operating (income) expense, net 856 116 (132,334)
Total costs and expenses 5,193,422 1,610,242 1,102,413
Operating income (loss) (3,740,803) 813,934 895,638
Other (income) and expense:      
Interest expense 85,746 72,865 54,973
Capitalized interest (30,589) (35,925) (31,517)
Other, net (13,576) (28,907) (21,518)
Income (loss) before income tax (3,782,384) 805,901 893,700
Income tax expense (benefit) (1,373,436) 298,697 329,011
Net income (loss) $ (2,408,948) $ 507,204 $ 564,689
Basic      
Distributed (in dollars per share) $ 0.64 $ 0.64 $ 0.56
Undistributed (in dollars per share) (26.56) 5.15 5.92
Total basic (in dollars per share) (25.92) 5.79 6.48
Diluted      
Distributed (in dollars per share) 0.64 0.64 0.56
Undistributed (in dollars per share) (26.56) 5.14 5.91
Total diluted (in dollars per share) $ (25.92) $ 5.78 $ 6.47
Comprehensive income (loss):      
Net income (loss) $ (2,408,948) $ 507,204 $ 564,689
Other comprehensive income (loss):      
Change in fair value of investments, net of tax (661) (87) 715
Total comprehensive income (loss) $ (2,409,609) $ 507,117 $ 565,404