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Segment Information (Tables)
3 Months Ended
Mar. 31, 2013
Segment Information [Abstract]  
Summary Financial Information for Company's Reportable Segments Table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration

 

 

 

 

 

 

 

 

 

 

 

and

 

Midstream

 

 

 

 

 

 

 

 

Production

 

Services

 

Other

 

Total

 

 

(in thousands)

Three months ended March 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

510,094 

 

$

223,534 

 

$

21 

 

$

733,649 

Intersegment revenues

 

 

1,508 

 

 

497,373 

 

 

54 

 

 

498,935 

Operating income (loss)

 

 

175,758 

 

 

76,307 

 

 

(105)

 

 

251,960 

Other loss, net(1)

 

 

(378)

 

 

(155)

 

 

–  

 

 

(533)

Commodity derivative loss

 

 

(29,794)

 

 

–  

 

 

–  

 

 

(29,794)

Depreciation, depletion and amortization expense

 

 

167,450 

 

 

11,912 

 

 

105 

 

 

179,467 

Interest expense(1)

 

 

6,176 

 

 

2,645 

 

 

200 

 

 

9,021 

Provision (benefit) for income taxes(1)

 

 

55,816 

 

 

29,403 

 

 

(122)

 

 

85,097 

Assets

 

 

5,389,728 

 

 

1,278,256 

 

 

248,807 

(2)

 

6,916,791 

Capital investments(3)

 

 

475,333 

 

 

38,467 

 

 

4,256 

 

 

518,056 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

464,631 

 

$

190,173 

 

$

31 

 

$

654,835 

Intersegment revenues

 

 

713 

 

 

356,281 

 

 

819 

 

 

357,813 

Operating income

 

 

114,609 

 

 

69,289 

 

 

428 

 

 

184,326 

Other income (loss), net(1)

 

 

(183)

 

 

(18)

 

 

 

 

(200)

Commodity derivative income

 

 

1,634 

 

 

–  

 

 

–  

 

 

1,634 

Depreciation, depletion and amortization expense

 

 

182,739 

 

 

10,570 

 

 

318 

 

 

193,627 

Interest expense(1)

 

 

3,322 

 

 

3,667 

 

 

349 

 

 

7,338 

Provision for income taxes(1)

 

 

44,838 

 

 

25,848 

 

 

32 

 

 

70,718 

Assets

 

 

7,038,247 

 

 

1,087,020 

 

 

428,894 

(2)

 

8,554,161 

Capital investments(3)

 

 

533,139 

 

 

26,164 

 

 

13,809 

 

 

573,112 

 

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

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

(3)            Capital investments includes increases of $32.9 million and $15.3 million for the three-month periods ended March 31, 2013 and 2012, respectively, relating to the change in accrued expenditures between periods.