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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Sales and other operating revenues $ 665,589 $ 1,431,007 $ 2,133,360 $ 4,070,120
Gain (loss) on sale of assets 60 (133) 154,183 (5,130)
Interest and other income 49,300 2,163 87,443 3,468
Total revenues 714,949 1,433,037 2,374,986 4,068,458
Costs and Expenses        
Lease operating expenses 183,826 265,518 643,736 813,638
Severance and ad valorem taxes 14,265 28,574 54,099 83,793
Exploration expenses, including undeveloped lease amortization 58,149 117,433 251,842 390,711
Selling and general expenses 71,791 82,960 237,934 269,986
Depreciation, depletion and amortization 433,706 499,151 1,318,123 1,354,393
Impairment of assets 2,300,974   2,300,974  
Accretion of asset retirement obligations 11,918 12,600 35,437 36,992
Interest expense 32,009 34,970 91,945 101,625
Interest capitalized (1,864) (5,323) (5,072) (19,244)
Other expense 18,192 662 81,804 1,297
Total costs and expenses 3,122,966 1,036,545 5,010,822 3,033,191
Income (loss) from continuing operations before income taxes (2,408,017) 396,492 (2,635,836) 1,035,267
Income tax expense (benefit) (820,935) 125,435 (963,298) 452,255
Income (loss) from continuing operations (1,587,082) 271,057 (1,672,538) 583,012
Loss from discontinued operations, net of taxes (8,344) (25,350) (11,163) (52,639)
Net Income (Loss) $ (1,595,426) $ 245,707 $ (1,683,701) $ 530,373
Per Common Share - Basic        
Income (loss) from continuing operations $ (9.22) $ 1.52 $ (9.55) $ 3.25
Loss from discontinued operations (0.04) (0.14) (0.07) (0.29)
Net income (loss) (9.26) 1.38 (9.62) 2.96
Per Common Share - Diluted        
Income (loss) from continuing operations (9.22) 1.51 (9.55) 3.23
Loss from discontinued operations (0.04) (0.14) (0.07) (0.29)
Net income (loss) $ (9.26) $ 1.37 $ (9.62) $ 2.94
Average Common shares outstanding        
Basic 172,205,433 177,535,503 175,047,295 179,259,573
Diluted 172,205,433 178,856,078 175,047,295 180,578,085