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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Sales and other operating revenues $ 2,787,116,000 $ 5,288,933,000 $ 5,312,686,000
Gain (loss) on sale of assets 154,155,000 138,903,000 (87,000)
Interest and other income 91,809,000 48,248,000 77,490,000
Total revenues 3,033,080,000 5,476,084,000 5,390,089,000
Costs and Expenses      
Lease operating expenses 832,306,000 1,089,888,000 1,252,812,000
Severance and ad valorem taxes 65,794,000 107,215,000 87,331,000
Exploration expenses, including undeveloped lease amortization 470,924,000 513,600,000 502,215,000
Selling and general expenses 306,663,000 364,004,000 379,167,000
Depreciation, depletion and amortization 1,619,824,000 1,906,247,000 1,553,394,000
Impairment of assets 2,493,156,000 51,314,000 21,587,000
Accretion of asset retirement obligations 48,665,000 50,778,000 48,996,000
Deepwater rig contract exit costs 282,001,000    
Interest expense 124,665,000 136,424,000 124,423,000
Interest capitalized (7,290,000) (20,605,000) (52,523,000)
Other expense 78,634,000 24,949,000  
Total costs and expenses 6,315,342,000 4,223,814,000 3,917,402,000
Income (loss) from continuing operations before income taxes (3,282,262,000) 1,252,270,000 1,472,687,000
Income tax expense (benefit) (1,026,490,000) 227,297,000 584,550,000
Income (loss) from continuing operations (2,255,772,000) 1,024,973,000 888,137,000
Income (loss) from discontinued operations, net of income taxes (15,061,000) (119,362,000) 235,336,000
Net Income (Loss) $ (2,270,833,000) $ 905,611,000 $ 1,123,473,000
Per Common Share - Basic      
Income (loss) from continuing operations $ (12.94) $ 5.73 $ 4.73
Inocme (loss) from discontinued operations (0.09) (0.67) 1.25
Net income (loss) (13.03) 5.06 5.98
Per Common Share - Diluted      
Income (loss) from continuing operations (12.94) 5.69 4.69
Income (loss) from discontinued operations (0.09) (0.66) 1.25
Net income (loss) $ (13.03) $ 5.03 $ 5.94
Average Common shares outstanding - basic 174,351,227 178,852,942 187,921,062
Average Common shares outstanding - diluted 174,351,227 180,070,984 189,271,398