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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Oil sales $ 162,005 $ 259,344 $ 279,578 $ 455,349
Gas sales 76,615 106,374 159,223 217,336
NGL sales 51,939 49,477 85,291 95,077
Gas gathering and other 8,211 9,141 15,452 17,411
Gas marketing, net 103 (53) (71) 112
Total revenues 298,873 424,283 539,473 785,285
Costs and expenses:        
Impairment of oil and gas properties 399,194 967,287 629,326 1,570,886
Depreciation, depletion and amortization 123,877 217,451 251,976 434,229
Asset retirement obligation 1,750 2,042 4,048 3,778
Production 57,213 70,600 127,915 152,811
Transportation, processing and other operating 44,436 43,713 90,879 83,355
Gas gathering and other 7,492 11,306 15,572 20,170
Taxes other than income 14,066 25,980 27,905 47,961
General and administrative 21,424 14,054 35,321 29,992
Stock compensation 7,490 4,988 13,018 10,143
(Gain) loss on derivative instruments, net 33,236   32,808  
Other operating, net 24 260 114 784
Total costs and expenses 710,202 1,357,681 1,228,882 2,354,109
Operating income (loss) (411,329) (933,398) (689,409) (1,568,824)
Other (income) and expense:        
Interest expense 20,824 21,297 41,629 42,553
Capitalized interest (5,633) (8,570) (10,537) (17,987)
Other, net (2,011) (3,854) (3,661) (7,439)
Income (loss) before income tax (424,509) (942,271) (716,840) (1,585,951)
Income tax expense (benefit) (154,219) (342,056) (260,419) (570,795)
Net income (loss) $ (270,290) $ (600,215) $ (456,421) $ (1,015,156)
Earnings (loss) per share to common stockholders:        
Basic (in dollars per share) $ (2.91) $ (6.47) $ (4.91) $ (10.94)
Diluted (in dollars per share) (2.91) (6.47) (4.91) (10.94)
Dividends per share $ 0.08 $ 0.16 $ 0.16 $ 0.32
Comprehensive income (loss):        
Net income (loss) $ (270,290) $ (600,215) $ (456,421) $ (1,015,156)
Other comprehensive income (loss):        
Change in fair value of investments, net of tax 195 (292) 280 (190)
Total comprehensive income (loss) $ (270,095) $ (600,507) $ (456,141) $ (1,015,346)