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Supplemental Information on Oil and Gas Producing Activities (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
Supplemental Information on Oil and Gas Producing Activities (Unaudited)  
Schedule of capitalized costs relating to oil and gas producing activities
  •  

 

 
  Year ended December 31  
 
  2011   2012  
 
  (In thousands)
 

Proved properties

  $ 2,497,306     1,689,132  

Unproved properties

    834,255     1,243,237  
           

 

    3,331,561     2,932,369  

Accumulated depreciation and depletion

    (586,444 )   (158,210 )
           

Net capitalized costs

  $ 2,745,117     2,774,159  
           
Schedule of costs incurred in certain oil and gas activities
  •  

 

 
  Year ended December 31  
 
  2010   2011   2012  
 
  (In thousands)
 

Acquisition costs

                   

Proved property

  $ 50,657   $ 105,405   $ 10,254  

Unproved property

    247,733     195,131     687,403  

Development costs

    224,297     433,053     690,517  

Exploration costs

    75,961     95,563     158,074  
               

Total costs incurred

  $ 598,648   $ 829,152   $ 1,546,248  
               
Schedule of results of operations (including discontinued operations) for oil and gas producing activities
  •  

 

 
  Year ended December 31  
 
  2010   2011   2012  
 
  (In thousands)
 

Revenues

  $ 206,462     391,994     390,378  

Operating expenses:

                   

Production expenses

    80,097     136,635     185,505  

Exploration expenses

    24,794     9,876     15,339  

Depreciation and depletion

    124,341     164,011     181,664  

Impairment

    35,859     11,051     13,032  
               

Results of operations before income tax expense (benefit)

    (58,629 )   70,421     (5,162 )

Income tax (expense) benefit

    6,449     (26,056 )   2,008  
               

Results of operations

  $ (52,180 )   44,365     (3,154 )
               
Schedule of proved developed and undeveloped reserves

 

 

 
  Natural gas
(Bcf)
  NGLS
(MMBbl)
  Oil and
condensate
(MMBbl)
  Equivalents
(Bcfe)
 

Proved developed and undeveloped reserves:

                         

December 31, 2009

    1,130         1     1,141  

Revisions

    38     35     1     253  

Extensions, discoveries and other additions

    1,248     69     8     1,712  

Production

    (45 )       (a)   (47 )

Purchase of reserves

    172             172  
                   

December 31, 2010

    2,543     104     10     3,231  

(a)
Less than 1.0


 
  Natural gas
(Bcf)
  NGLS
(MMBbl)
  Oil and
condensate
(MMBbl)
  Equivalents
(Bcfe)
 

Revisions

    (223 )   2     7     (172 )

Extensions, discoveries and other additions

    1,644     57     (a)   1,982  

Production

    (84 )   (1 )   (a)   (89 )

Purchase of reserves

    52     2         66  

Sale of reserves in place

    (1 )           (1 )
                   

December 31, 2011

    3,931     164     17     5,017  

Revisions

    198     4     (a)   222  

Extensions, discoveries and other additions

    1,242     115     3     1,951  

Production

    (87 )   (a)   (a)   (87 )

Sale of reserves in place

    (1,590 )   (80 )   (17 )   (2,174 )
                   

December 31, 2012

    3,694     203     3     4,929  
                   

Schedule of proved developed and undeveloped reserves by fiscal year maturity


 
  Natural gas
(Bcf)
  NGLS
(MMBbl)
  Oil and
condensate
(MMBbl)
  Equivalents
(Bcfe)
 

Proved developed reserves:

                         

December 31, 2010

    400     9     1     457  

December 31, 2011

    718     19     2     844  

December 31, 2012

    828     36     1     1,047  

Proved undeveloped reserves:

                         

December 31, 2010

    2,143     95     10     2,774  

December 31, 2011

    3,213     145     15     4,173  

December 31, 2012

    2,866     167     2     3,882  
Schedule of standardized measure of discounted future net cash flows attributable to proved reserves

 

 

 
  Year ended December 31  
 
  2010   2011   2012  
 
  (In millions)
 

Future cash inflows

  $ 13,114     20,046     12,151  

Future production costs

    (3,088 )   (3,491 )   (1,660 )

Future development costs

    (4,036 )   (5,085 )   (3,270 )
               

Future net cash flows before income tax

    5,990     11,470     7,221  

Future income tax expense

    (1,438 )   (3,287 )   (1,603 )
               

Future net cash flows

    4,552     8,183     5,618  

10% annual discount for estimated timing of cash flows

    (3,455 )   (5,713 )   (4,017 )
               

Standardized measure of discounted future net cash flows

  $ 1,097     2,470     1,601  
               
Schedule of weighted average prices used to estimate the Company's total equivalent reserves

 

 

 
  Arkoma   Piceance   Appalachia  
 
  (Per Mcfe)
 

December 31, 2010

  $ 4.18     3.93     4.51  

December 31, 2011

    3.90     3.84     4.16  

December 31, 2012

    NA     NA     2.78  
Schedule of changes in standardized measure of discounted future net cash flow
  •  

 

 
  Year ended December 31  
 
  2010   2011   2012  
 
  (In millions)
 

Sales of oil and gas, net of productions costs

  $ (126 )   (255 )   (147 )

Net changes in prices and production costs

    382     215     (1,631 )

Development costs incurred during the period

    81     247     296  

Net changes in future development costs

    (61 )   (106 )   (92 )

Extensions, discoveries and other additions

    695     1,684     813  

Acquisitions

    92     51      

Divestitures

            (1,277 )

Revisions of previous quantity estimates

    113     (182 )   88  

Accretion of discount

    29     147     322  

Net change in income taxes

    (359 )   (605 )   653  

Other changes

    16     177     106  
               

Net increase (decrease)

    862     1,373     (869 )

Beginning of year

    235     1,097     2,470  
               

End of year

  $ 1,097     2,470     1,601