XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Sales and other operating revenues $ 2,097,695,000 $ 1,809,575,000 [1] $ 2,787,116,000 [1]
Gain on sale of assets 127,434,000 1,663,000 [1] 154,155,000 [1]
Total revenues 2,225,129,000 1,811,238,000 [1] 2,941,271,000 [1]
Costs and Expenses      
Lease operating expenses 468,323,000 559,360,000 [1] 832,306,000 [1]
Severance and ad valorem taxes 43,618,000 43,826,000 [1] 65,794,000 [1]
Exploration expenses, inlcluding undeveloped lease amortization 122,834,000 101,861,000 [1] 470,924,000 [1]
Selling and general expenses 222,766,000 265,210,000 [1] 306,663,000 [1]
Depreciation, depletion and amortization 957,719,000 1,054,081,000 [1] 1,619,824,000 [1]
Impairment of assets 0 95,088,000 [1] 2,493,156,000 [1]
Redetermination expense 15,000,000 [2] 39,100,000 [1]  
Accretion of asset retirement obligations 42,590,000 46,742,000 [1] 48,665,000 [1]
Other expense 30,706,000 13,806,000 [1] 360,635,000 [1]
Total costs and expenses 1,903,556,000 2,219,074,000 [1] 6,197,967,000 [1]
Operating income (loss) from continuing operations 321,573,000 (407,836,000) [1] (3,256,696,000) [1]
Other income (loss)      
Interest and other income (loss) (67,988,000) 62,891,000 [1] 91,809,000 [1]
Interest expense, net (181,783,000) (148,170,000) [1] (117,375,000) [1]
Total other loss (249,771,000) (85,279,000) [1] (25,566,000) [1]
Income (loss) from continuing operations before income taxes 71,802,000 (493,115,000) [1] (3,282,262,000) [1]
Income tax expense (benefit) 382,738,000 (219,172,000) [1] (1,026,490,000) [1]
Loss from continuing operations (310,936,000) (273,943,000) [1] (2,255,772,000) [1]
Loss from discontinued operations, net of income taxes (853,000) (2,027,000) [1] (15,061,000) [1]
NET LOSS $ (311,789,000) $ (275,970,000) [1] $ (2,270,833,000) [1]
LOSS PER COMMON SHARE - BASIC      
Continuing operations $ (1.81) $ (1.59) [1] $ (12.94) [1]
Discontinued operations [1]   (0.01) (0.09)
Net loss (1.81) (1.60) [1] (13.03) [1]
LOSS PER COMMON SHARE - DILUTED      
Continuing operations (1.81) (1.59) [1] (12.94) [1]
Discontinued operations [1]   (0.01) (0.09)
Net loss (1.81) (1.60) [1] (13.03) [1]
Cash dividends per Common share $ 1.00 $ 1.20 [1] $ 1.40 [1]
Average Common shares outstanding      
Basic 172,524,061 172,173,012 [1] 174,351,227 [1]
Diluted 172,524,061 172,173,012 [1] 174,351,227 [1]
[1] Reclassified to conform to current presentation (see Note A).
[2] Results exclude corporate overhead, interest and discontinued operations.