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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Sales and other operating revenues $ 1,809,575,000 $ 2,787,116,000 $ 5,288,933,000
Gain on sale of assets 1,663,000 154,155,000 138,903,000
Interest and other income 62,891,000 91,809,000 48,248,000
Total revenues 1,874,129,000 3,033,080,000 5,476,084,000
Costs and Expenses      
Lease operating expenses 559,360,000 832,306,000 1,089,888,000
Severance and ad valorem taxes 43,826,000 65,794,000 107,215,000
Exploration expenses, including undeveloped lease amortization 101,861,000 470,924,000 513,600,000
Selling and general expenses 265,210,000 306,663,000 364,004,000
Depreciation, depletion and amortization 1,054,081,000 1,619,824,000 1,906,247,000
Impairment of assets 95,088,000 2,493,156,000 51,314,000
Redetermination expense [1] 39,100,000    
Accretion of asset retirement obligations 46,742,000 48,665,000 50,778,000
Deepwater rig contract exit costs (4,344,000) 282,001,000  
Interest expense 152,492,000 124,665,000 136,424,000
Interest capitalized (4,322,000) (7,290,000) (20,605,000)
Other expense 18,150,000 78,634,000 24,949,000
Total costs and expenses 2,367,244,000 6,315,342,000 4,223,814,000
Income (loss) from continuing operations before income taxes (493,115,000) (3,282,262,000) 1,252,270,000
Income tax expense (benefit) (219,172,000) (1,026,490,000) 227,297,000
Income (loss) from continuing operations (273,943,000) (2,255,772,000) 1,024,973,000
Loss from discontinued operations, net of income taxes (2,027,000) (15,061,000) (119,362,000)
Net Income (Loss) $ (275,970,000) $ (2,270,833,000) $ 905,611,000
Per Common Share - Basic      
Income (loss) from continuing operations $ (1.59) $ (12.94) $ 5.73
Loss from discontinued operations (0.01) (0.09) (0.67)
Net income (loss) (1.60) (13.03) 5.06
Per Common Share - Diluted      
Income (loss) from continuing operations (1.59) (12.94) 5.69
Loss from discontinued operations (0.01) (0.09) (0.66)
Net income (loss) $ (1.60) $ (13.03) $ 5.03
Average Common shares outstanding - basic 172,173,012 174,351,227 178,852,942
Average Common shares outstanding - diluted 172,173,012 174,351,227 180,070,984
[1] Results exclude corporate overhead, interest and discontinued operations.