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Operating Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Operating Segment Data

Our operations include three reportable operating segments. These operating segments reflect the way we manage our operations and make business decisions. Operating segment data for the periods indicated were as follows (in thousands):

 

 

 

Successor

 

 

Predecessor

 

 

 

Period

September 1

through

December 31,

2016

 

 

Period

January 1

through

August 31,

2016

 

 

Year Ended

December 31,

2015

 

 

Year Ended

December 31,

2014

 

Gas and oil production:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues(1)

 

$

43,044

 

 

$

115,178

 

 

$

624,222

 

 

$

472,870

 

Operating costs and expenses

 

 

(39,418

)

 

 

(86,566

)

 

 

(169,653

)

 

 

(182,226

)

Depreciation, depletion and amortization expense

 

 

(23,218

)

 

 

(68,647

)

 

 

(145,161

)

 

 

(229,482

)

Asset impairment

 

 

 

 

 

 

 

 

(966,635

)

 

 

(573,774

)

Segment income (loss)

 

$

(19,592

)

 

$

(40,035

)

 

$

(657,227

)

 

$

(512,612

)

Well construction and completion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,326

 

 

$

19,157

 

 

$

76,505

 

 

$

173,564

 

Operating costs and expenses

 

 

(2,023

)

 

 

(16,658

)

 

 

(66,526

)

 

 

(150,925

)

Segment income

 

$

303

 

 

$

2,499

 

 

$

9,979

 

 

$

22,639

 

Other partnership management:(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

6,818

 

 

$

16,735

 

 

$

39,306

 

 

$

55,220

 

Operating costs and expenses(3)

 

 

(5,084

)

 

 

(21,476

)

 

 

(18,775

)

 

 

(25,532

)

Depreciation, depletion and amortization expense

 

 

(659

)

 

 

(13,684

)

 

 

(12,817

)

 

 

(10,441

)

Segment income (loss)

 

$

1,075

 

 

$

(18,425

)

 

$

7,714

 

 

$

19,247

 

Reconciliation of segment income (loss) to net loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

           Gas and oil production

 

$

(19,592

)

 

$

(40,035

)

 

$

(657,227

)

 

$

(512,612

)

Well construction and completion

 

 

303

 

 

 

2,499

 

 

 

9,979

 

 

 

22,639

 

Other partnership management (2)

 

 

1,075

 

 

 

(18,425

)

 

 

7,714

 

 

 

19,247

 

Total segment income (loss)

 

 

(18,214

)

 

 

(55,961

)

 

 

(639,534

)

 

 

(470,726

)

General and administrative expenses(3)

 

 

(18,496

)

 

 

(47,098

)

 

 

(65,968

)

 

 

(72,349

)

Interest expense(4)

 

 

(18,327

)

 

 

(74,587

)

 

 

(102,133

)

 

 

(62,144

)

Gain on early extinguishment of debt(4)

 

 

 

 

 

26,498

 

 

 

 

 

 

 

Gain (loss) on asset sales and disposal(4)

 

 

180

 

 

 

(479

)

 

 

(1,181

)

 

 

(1,869

)

Reorganization items, net(4)

 

 

(870

)

 

 

(16,614

)

 

 

 

 

 

 

Other income (loss)(4)

 

 

22,413

 

 

 

(9,189

)

 

 

 

 

 

 

Income tax (expense) benefit(4)

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(33,314

)

 

$

(177,430

)

 

$

(808,816

)

 

$

(607,088

)

Reconciliation of segment revenues to total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas and oil production

 

$

43,044

 

 

$

115,178

 

 

$

624,222

 

 

$

472,870

 

Well construction and completion

 

 

2,326

 

 

 

19,157

 

 

 

76,505

 

 

 

173,564

 

Other partnership management

 

 

6,818

 

 

 

16,735

 

 

 

39,306

 

 

 

55,220

 

Total revenues

 

$

52,188

 

 

$

151,070

 

 

$

740,033

 

 

$

701,654

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas and oil production

 

$

23,990

 

 

$

22,684

 

 

$

111,329

 

 

$

193,131

 

Other partnership management

 

 

273

 

 

 

2,046

 

 

 

14,050

 

 

 

14,202

 

Corporate and other

 

 

70

 

 

 

164

 

 

 

1,759

 

 

 

5,395

 

Total capital expenditures

 

$

24,333

 

 

$

24,894

 

 

$

127,138

 

 

$

212,728

 

 

(1)

Includes gain (loss) on mark-to-market derivatives.

(2)

Includes revenues and expenses from well services, gathering and processing, administration and oversight, and other, net that do not meet the quantitative threshold for reporting segment information.

(3)

General and administrative expenses have not been allocated to reportable segments as it would be impracticable to reasonably do so for the periods presented, except for $10.9 million in provision for losses on Drilling Partnership receivables for the period January 1, 2016 through August 31, 2016 related a provision for losses related to certain receivables from the Drilling Partnerships to their estimated net realizable values.

(4)

Gain (loss) on asset sales and disposal, reorganization items, net, gain on early extinguishment of debt, interest expense and income tax (expense) benefit have not been allocated to reportable segments as it would be impracticable to reasonably do so for the periods presented.

 

 

 

Successor

 

 

Predecessor

 

 

 

December 31,

2016

 

 

December 31,

2015

 

Balance sheet:

 

 

 

 

 

 

 

 

Goodwill:

 

 

 

 

 

 

 

 

Well construction and completion

 

$

 

 

$

6,389

 

Other partnership management

 

 

 

 

 

7,250

 

Total goodwill

 

$

 

 

$

13,639

 

Total assets:

 

 

 

 

 

 

 

 

Gas and oil production

 

$

819,454

 

 

$

1,551,450

 

Well construction and completion

 

 

6,378

 

 

 

27,039

 

Other partnership management

 

 

11,804

 

 

 

66,641

 

Corporate and other

 

 

44,198

 

 

 

54,819

 

Total assets

 

$

881,834

 

 

$

1,699,949