XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Sales and other operating revenues $ 429,094 $ 749,150
Gain on sale of assets 22 135,877
Interest and other income 1,179 36,720
Total revenues 430,295 921,747
Costs and Expenses    
Lease operating expenses 159,103 232,421
Severance and ad valorem taxes 12,637 20,791
Exploration expenses, including undeveloped lease amortization 26,916 128,734
Selling and general expenses 73,507 86,967
Depreciation, depletion and amortization 286,149 481,027
Impairment of assets 95,088  
Accretion of asset retirement obligations 12,125 11,769
Interest expense 32,061 29,470
Interest capitalized (1,841) (1,385)
Other expense (benefit) (416) 49,681
Total costs and expenses 695,329 1,039,475
Loss from continuing operations before income taxes (265,034) (117,728)
Income tax benefit (65,549) (121,258)
Income (loss) from continuing operations (199,485) 3,530
Income (loss) from discontinued operations, net of income taxes 683 (17,971)
Net Loss $ (198,802) $ (14,441)
Per Common Share - Basic    
Income (loss) from continuing operations $ (1.16) $ 0.02
Loss from discontinued operations   (0.10)
Net loss (1.16) (0.08)
Per Common Share - Diluted    
Income (loss) from continuing operations (1.16) 0.02
Loss from discontinued operations   (0.10)
Net loss $ (1.16) $ (0.08)
Average Common shares outstanding    
Basic 172,114,012 177,734,159
Diluted 172,114,012 178,241,616