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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Oil, natural gas liquids and natural gas sales $ 621,366 $ 763,261 $ 1,344,194
Gain (loss) on derivative instruments, net (88,477) 115,293 335,019
Total revenues 532,889 878,554 1,679,213
Operating Costs and Expenses      
Oil, natural gas liquids and natural gas production 171,714 228,380 274,432
Production and ad valorem taxes 42,938 57,380 102,063
Depreciation, depletion and amortization 447,961 593,789 548,564
Asset impairment 220,652 1,292,308 416,801
Exploration 5,415 14,878 28,090
General and administrative (including non-cash stock based compensation of $19,641, $12,910 and $16,262 for the years ended December 31, 2016, 2015 and 2014, respectively) 95,689 149,132 122,052
Accretion of discount on asset retirement obligations 6,672 7,108 7,608
(Gain) loss on sale of assets and other, net (246,922) (26,570) 2,642
Total operating costs and expenses 744,119 2,316,405 1,502,252
Operating Income (Loss) (211,230) (1,437,851) 176,961
Other Income (Expense)      
Interest expense (36,899) (43,108) (37,771)
Other income 978 223 1,181
Total other expense (35,921) (42,885) (36,590)
Income (Loss) From Continuing Operations Before Income Taxes (247,151) (1,480,736) 140,371
Income tax expense (benefit) (79,638) (535,005) 40,728
Income (Loss) From Continuing Operations (167,513) (945,731) 99,643
Discontinued Operations, net of tax      
Income from discontinued operations 0 0 29,292
Gain on disposal of discontinued operations, net 0 0 439,097
Income From Discontinued Operations 0 0 468,389
Net Income (Loss) $ (167,513) $ (945,731) $ 568,032
Diluted Earnings Per Average Common Share      
Continuing operations (in dollars per share) $ (1.77) $ (12.43) $ 1.36
Discontinued operations (in dollars per share) 0.00 0.00 6.39
Net Income (Loss) (in dollars per share) (1.77) (12.43) 7.75
Basic Earnings Per Average Common Share      
Continuing operations (in dollars per share) (1.77) (12.43) 1.37
Discontinued operations (in dollars per share) 0.00 0.00 6.42
Net Income (Loss) (in dollars per share) $ (1.77) $ (12.43) $ 7.79
Diluted Average Common Shares Outstanding (in shares) 94,475,797 76,078,371 73,274,631
Basic Average Common Shares Outstanding (in shares) 94,475,797 76,078,371 72,896,579