Segment Information (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2012

Summary Financial Information for Company's Reportable Segments Table


	Exploration
	and		Midstream
	Production		Services		Other			Total
	(in thousands)
Three months ended September 30, 2012:
Revenues from external customers	$	493,204	$	192,619	$	25		$	685,848
Intersegment revenues		(981)		409,720		824			409,563
Operating income (loss)⁽¹⁾		(296,108)		75,488		418			(220,202)
Other income (loss), net		213		27		(2)			238
Depreciation, depletion and amortization expense		189,714		10,620		321			200,655
Impairment of natural gas and oil properties		441,465		–		–			441,465
Interest expense⁽²⁾		6,707		3,659		240			10,606
Provision (benefit) for income taxes⁽²⁾		(112,822)		27,006		61			(85,755)
Assets		5,570,444		1,158,638		343,869	⁽³⁾		7,072,951
Capital investments⁽⁴⁾		385,585		31,693		7,608			424,886

Three months ended September 30, 2011:
Revenues from external customers	$	553,913	$	213,328	$	14		$	767,255
Intersegment revenues		1,707		530,503		818			533,028
Operating income⁽¹⁾		228,476		66,837		405			295,718
Other income (loss), net		(17)		(109)		4			(122)
Depreciation, depletion and amortization expense		169,391		9,414		308			179,113
Interest expense⁽²⁾		2,003		3,654		–			5,657
Provision for income taxes⁽²⁾		89,811		24,791		164			114,766
Assets		5,827,527		1,116,333		270,247	⁽³⁾		7,214,107
Capital investments⁽⁴⁾		421,182		32,158		17,095			470,435

	Exploration
	and		Midstream
	Production		Services		Other			Total
	(in thousands)
Nine months ended September 30, 2012:
Revenues from external customers	$	1,390,156	$	551,796	$	93		$	1,942,045
Intersegment revenues		(1,716)		1,085,392		2,459			1,086,135
Operating income (loss)⁽¹⁾		(1,039,737)		216,598		1,256			(821,883)
Other income (loss), net		(34)		4		2,645			2,615
Depreciation, depletion and amortization expense		568,654		32,499		959			602,112
Impairment of natural gas and oil properties		1,377,364		–		–			1,377,364
Interest expense⁽²⁾		14,459		10,904		942			26,305
Provision (benefit) for income taxes⁽²⁾		(399,756)		78,268		1,126			(320,362)
Assets		5,570,444		1,158,638		343,869	⁽³⁾		7,072,951
Capital investments⁽⁴⁾		1,450,569		105,576		30,486			1,586,631

Nine months ended September 30, 2011:
Revenues from external customers	$	1,551,538	$	657,204	$	14		$	2,208,756
Intersegment revenues		10,120		1,526,504		2,387			1,539,011
Operating income⁽¹⁾		629,298		180,398		1,215			810,911
Other income (loss), net		332		(28)		17			321
Depreciation, depletion and amortization expense		486,130		27,170		880			514,180
Interest expense⁽²⁾		5,706		13,557		–			19,263
Provision for income taxes⁽²⁾		246,685		65,560		488			312,733
Assets		5,827,527		1,116,333		270,247	⁽³⁾		7,214,107
Capital investments⁽⁴⁾		1,365,434		137,998		53,506			1,556,938

(1)The operating loss for the E&P segment includes a $441.5 million and $1,377.4 million non-cash ceiling test impairment of our natural gas and oil properties for the three and nine-months ended September 30, 2012 respectively.

(2) Interest income, interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.

(3) Other assets represent corporate assets not allocated to segments and assets, including restricted cash and investments in cash equivalents, for non-reportable segments.

(4) Capital investments include decreases of $56.2 million and $60.9 million for the three-month periods ended September 30, 2012 and 2011, respectively, and decreases of $40.7 million and $3.0 million for the nine-month periods ended September 30, 2012 and 2011, respectively, relating to the change in accrued expenditures between periods.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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