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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Oil, natural gas liquids and natural gas sales $ 171,637 $ 219,290 $ 294,401 $ 407,112
Loss on derivative instruments, net (65,872) (50,964) (60,417) (16,928)
Total revenues 105,765 168,326 233,984 390,184
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 42,840 53,581 90,567 121,335
Production and ad valorem taxes 11,265 13,352 22,435 32,417
Depreciation, depletion and amortization 117,035 149,843 236,397 284,224
Asset impairment 0 60,413 220,025 66,996
Exploration 1,520 11,018 1,762 11,781
General and administrative (including non-cash stock based compensation of $5,504 and $6,027 for the three months ended June 30, 2016 and 2015, respectively, and $7,975 and $11,107 for the six months ended June 30, 2016 and 2015, respectively) 23,548 38,652 53,073 70,707
Accretion of discount on asset retirement obligations 1,779 1,669 3,536 3,679
(Gain) loss on sale of assets and other (161,097) 1,476 (160,875) (26,868)
Total operating costs and expenses 36,890 330,004 466,920 564,271
Operating Income (Loss) 68,875 (161,678) (232,936) (174,087)
Other Income (Expense)        
Interest expense (9,038) (11,244) (18,871) (23,002)
Other income 63 41 159 87
Total other expense (8,975) (11,203) (18,712) (22,915)
Income (Loss) Before Income Taxes 59,900 (172,881) (251,648) (197,002)
Income tax expense (benefit) 23,141 (61,280) (85,291) (69,981)
Net Income (Loss) $ 36,759 $ (111,601) $ (166,357) $ (127,021)
Diluted Earnings Per Average Common Share (in dollars per share) $ 0.38 $ (1.52) $ (1.81) $ (1.74)
Basic Earnings Per Average Common Share (in dollars per share) $ 0.38 $ (1.52) $ (1.81) $ (1.74)
Diluted Average Common Shares Outstanding (in shares) 97,389 73,452 91,850 73,143
Basic Average Common Shares Outstanding (in shares) 97,067 73,452 91,850 73,143
Dividends Per Common Share (in dollars per share) $ 0 $ 0.02 $ 0 $ 0.04