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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Sales and other operating revenues $ 411,217 $ 718,621 $ 840,311 $ 1,467,771
Gain on sale of assets 3,809 18,246 3,831 154,123
Interest and other income 22,436 1,423 23,615 38,143
Total revenues 437,462 738,290 867,757 1,660,037
Costs and Expenses        
Lease operating expenses 156,530 227,489 315,633 459,910
Severance and ad valorem taxes 13,439 19,043 26,076 39,834
Exploration expenses, including undeveloped lease amortization 37,128 64,959 64,044 193,693
Selling and general expenses 67,113 79,176 140,620 166,143
Depreciation, depletion and amortization 255,239 403,390 541,388 884,417
Impairment of assets     95,088  
Accretion of asset retirement obligations 12,346 11,750 24,471 23,519
Interest expense 35,058 30,466 67,119 59,936
Interest capitalized (608) (1,823) (2,449) (3,208)
Other expense (benefit) (7,516) 13,931 (7,932) 63,612
Total costs and expenses 568,729 848,381 1,264,058 1,887,856
Loss from continuing operations before income taxes (131,267) (110,091) (396,301) (227,819)
Income tax benefit (134,172) (21,105) (199,721) (142,363)
Income (loss) from continuing operations 2,905 (88,986) (196,580) (85,456)
Income (loss) from discontinued operations, net of income taxes 25 15,152 708 (2,819)
Net Loss $ 2,930 $ (73,834) $ (195,872) $ (88,275)
Per Common Share - Basic        
Income (loss) from continuing operations $ 0.02 $ (0.51) $ (1.14) $ (0.48)
Income (loss) from discontinued operations   0.09   (0.02)
Net income (loss) 0.02 (0.42) (1.14) (0.50)
Per Common Share - Diluted        
Income (loss) from continuing operations 0.02 (0.51) (1.14) (0.48)
Income (loss) from discontinued operations   0.09   (0.02)
Net income (loss) $ 0.02 $ (0.42) $ (1.14) $ (0.50)
Average Common shares outstanding        
Basic 172,196,914 174,488,842 172,149,791 176,343,309
Diluted 172,799,827 174,488,842 172,149,791 176,343,309