XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Oil, natural gas liquids and natural gas sales $ 122,764 $ 187,822
Gain on derivative instruments, net 5,455 34,036
Total revenues 128,219 221,858
Operating Costs and Expenses    
Oil, natural gas liquids and natural gas production 47,727 67,754
Production and ad valorem taxes 11,170 19,065
Depreciation, depletion and amortization 119,362 134,381
Asset impairment 220,025 6,583
Exploration 242 763
General and administrative (including non-cash stock based compensation of $2,471 and $5,080 for the three months ended March 31, 2016 and 2015, respectively) 29,525 32,055
Accretion of discount on asset retirement obligations 1,757 2,010
(Gain) loss on sale of assets and other 222 (28,344)
Total operating costs and expenses 430,030 234,267
Operating Loss (301,811) (12,409)
Other Income (Expense)    
Interest expense (9,833) (11,758)
Other income 95 46
Total other expense (9,738) (11,712)
Loss Before Income Taxes (311,549) (24,121)
Income tax benefit (108,433) (8,701)
Net Loss $ (203,116) $ (15,420)
Diluted Earnings Per Average Common Share $ (2.34) $ (0.21)
Basic Earnings Per Average Common Share $ (2.34) $ (0.21)
Diluted Average Common Shares Outstanding (in shares) 86,632 72,830
Basic Average Common Shares Outstanding (in shares) 86,632 72,830
Dividends Per Common Share $ 0 $ 0.02