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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Sales and other operating revenues $ 486,276 $ 665,589 $ 1,326,587 $ 2,133,360
Gain (loss) on sale of assets (730) 60 3,101 154,183
Interest and other income 14,987 49,300 38,602 87,443
Total revenues 500,533 714,949 1,368,290 2,374,986
COSTS AND EXPENSES        
Lease operating expenses 119,663 183,826 435,296 643,736
Severance and ad valorem taxes 9,592 14,265 35,668 54,099
Exploration expenses, including undeveloped lease amortization 19,866 58,149 83,910 251,842
Selling and general expenses 55,523 71,791 196,143 237,934
Depreciation, depletion and amortization 255,900 433,706 797,288 1,318,123
Impairment of assets   2,300,974 95,088 2,300,974
Accretion of asset retirement obligations 11,043 11,918 35,514 35,437
Interest expense 40,088 32,009 107,207 91,945
Interest capitalized (869) (1,864) (3,318) (5,072)
Other expense (benefit) 6,486 18,192 (1,446) 81,804
Total costs and expenses 517,292 3,122,966 1,781,350 5,010,822
Loss from continuing operations before income taxes (16,759) (2,408,017) (413,060) (2,635,836)
Income tax benefit (2,176) (820,935) (201,897) (963,298)
Loss from continuing operations (14,583) (1,587,082) (211,163) (1,672,538)
Loss from discontinued operations, net of income taxes (1,593) (8,344) (885) (11,163)
NET LOSS $ (16,176) $ (1,595,426) $ (212,048) $ (1,683,701)
PER COMMON SHARE - BASIC        
Loss from continuing operations $ (0.08) $ (9.22) $ (1.23) $ (9.55)
Loss from discontinued operations (0.01) (0.04) (0.01) (0.07)
Net loss (0.09) (9.26) (1.24) (9.62)
PER COMMON SHARE - DILUTED        
Loss from continuing operations (0.08) (9.22) (1.23) (9.55)
Loss from discontinued operations (0.01) (0.04) (0.01) (0.07)
Net loss $ (0.09) $ (9.26) $ (1.24) $ (9.62)
Average Common shares outstanding        
Basic 172,199,350 172,205,433 172,164,683 175,047,295
Diluted 172,199,350 172,205,433 172,164,683 175,047,295