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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Sales and other operating revenues $ 718,621 $ 1,357,905 $ 1,467,771 $ 2,639,113
Gain (loss) on sale of assets 18,246   154,123 (4,997)
Interest and other income (loss) 1,423 (8,884) 38,143 1,305
Total revenues 738,290 1,349,021 1,660,037 2,635,421
Costs and Expenses        
Lease operating expenses 227,489 285,865 459,910 548,120
Severance and ad valorem taxes 19,043 28,893 39,834 55,219
Exploration expenses, including undeveloped lease amortization 64,959 134,812 193,693 273,278
Selling and general expenses 79,176 95,000 166,143 187,026
Depreciation, depletion and amortization 403,390 458,993 884,417 855,242
Accretion of asset retirement obligations 11,750 12,327 23,519 24,392
Interest expense 30,466 33,769 59,936 66,655
Interest capitalized (1,823) (5,053) (3,208) (13,921)
Other expense 13,931 (178) 63,612 636
Total costs and expenses 848,381 1,044,428 1,887,856 1,996,647
Income (loss) from continuing operations before income taxes (110,091) 304,593 (227,819) 638,774
Income tax expense (benefit) (21,105) 161,925 (142,363) 326,820
Income (loss) from continuing operations (88,986) 142,668 (85,456) 311,954
Income (loss) from discontinued operations, net 15,152 (13,256) (2,819) (27,289)
Net Income (Loss) $ (73,834) $ 129,412 $ (88,275) $ 284,665
Per Common Share - Basic        
Income (loss) from continuing operations $ (0.51) $ 0.80 $ (0.48) $ 1.73
Loss from discontinued operations 0.09 (0.08) (0.02) (0.15)
Net income (loss) (0.42) 0.72 (0.50) 1.58
Per Common Share - Diluted        
Income (loss) from continuing operations (0.51) 0.79 (0.48) 1.72
Loss from discontinued operations 0.09 (0.07) (0.02) (0.15)
Net income (loss) $ (0.42) $ 0.72 $ (0.50) $ 1.57
Average Common shares outstanding        
Basic 174,488,842 178,500,440 176,343,309 180,003,605
Diluted 174,488,842 180,045,020 176,343,309 181,327,914