XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Oil, natural gas liquids and natural gas sales $ 163,973 $ 188,398 $ 458,374 $ 595,510
Gain (loss) on derivative instruments, net 20,412 107,173 (40,005) 90,245
Total revenues 184,385 295,571 418,369 685,755
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 42,280 54,598 132,847 175,933
Production and ad valorem taxes 10,987 13,366 33,422 45,783
Depreciation, depletion and amortization 108,167 149,781 344,564 434,005
Asset impairment 587 399,394 220,612 466,390
Exploration 18 493 1,780 12,274
General and administrative (including non-cash stock based compensation of $6,518 and $933 for the three months ended September 30, 2016 and 2015, respectively, and $14,493 and $12,040 for the nine months ended September 30, 2016 and 2015, respectively) 21,710 23,631 74,783 94,338
Accretion of discount on asset retirement obligations 1,556 1,700 5,092 5,379
(Gain) loss on sale of assets and other (91,222) 822 (252,097) (26,046)
Total operating costs and expenses 94,083 643,785 561,003 1,208,056
Operating Income (Loss) 90,302 (348,214) (142,634) (522,301)
Other Income (Expense)        
Interest expense (8,987) (10,084) (27,858) (33,086)
Other income 421 56 580 143
Total other expense (8,566) (10,028) (27,278) (32,943)
Income (Loss) Before Income Taxes 81,736 (358,242) (169,912) (555,244)
Income tax expense (benefit) 28,422 (130,338) (56,869) (200,319)
Net Income (Loss) $ 53,314 $ (227,904) $ (113,043) $ (354,925)
Diluted Earnings Per Average Common Share (in dollars per share) $ 0.55 $ (2.89) $ (1.21) $ (4.72)
Basic Earnings Per Average Common Share (in dollars per share) $ 0.55 $ (2.89) $ (1.21) $ (4.72)
Diluted Average Common Shares Outstanding (in shares) 97,511 78,742 93,602 75,125
Basic Average Common Shares Outstanding (in shares) 97,068 78,742 93,602 75,125
Dividends Per Common Share (in dollars per share) $ 0 $ 0.02 $ 0 $ 0.06