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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues and other income:        
Natural gas, NGLs and oil sales $ 258,053 $ 477,517 $ 583,536 $ 1,049,534
Derivative fair value (loss) income (34,791) (24,109) 88,048 (170,959)
Gain on the sale of assets 2,909 282,064 2,734 281,711
Brokered natural gas, marketing and other 21,339 30,052 35,824 62,580
Total revenues and other income 247,510 765,524 710,142 1,222,866
Costs and expenses:        
Direct operating 34,780 34,935 71,917 74,730
Transportation, gathering and compression 95,198 76,809 184,624 150,970
Production and ad valorem taxes 9,242 10,844 19,170 22,522
Brokered natural gas and marketing 27,031 34,775 48,593 68,904
Exploration 5,025 13,621 12,911 28,467
Abandonment and impairment of unproved properties 12,330 9,332 23,821 19,327
General and administrative 55,964 56,888 104,293 106,100
Termination costs 417 0 6,367 0
Deferred compensation plan (7,282) 10,519 (12,906) 8,484
Interest 43,479 45,488 82,686 90,889
Loss on early extinguishment of debt   24,596   24,596
Depletion, depreciation and amortization 151,895 133,361 299,185 262,043
Impairment of proved properties and other assets   24,991   24,991
Total costs and expenses 428,079 476,159 840,661 882,023
(Loss) income before income taxes (180,569) 289,365 (130,519) 340,843
Income tax (benefit) expense:        
Current 0 (1) 0 5
Deferred (61,975) 117,977 (39,609) 136,928
Total income tax expense (benefit) (61,975) 117,976 (39,609) 136,933
Net (loss) income $ (118,594) $ 171,389 $ (90,910) $ 203,910
Net (loss) income per common share:        
Basic $ (0.71) $ 1.04 $ (0.55) $ 1.24
Diluted (0.71) 1.04 (0.55) 1.24
Dividends paid per common share $ 0.04 $ 0.04 $ 0.08 $ 0.08
Weighted average common shares outstanding:        
Basic 166,421 161,909 166,230 161,354
Diluted 166,421 162,813 166,230 162,323