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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Oil and natural gas $ 107,256 $ 198,498 $ 213,325 $ 386,705
Contract drilling 55,015 114,278 150,092 220,878
Gas gathering and processing 52,176 92,655 106,129 185,836
Total revenues 214,447 405,431 469,546 793,419
Oil and natural gas:        
Operating costs 45,972 44,723 91,183 85,138
Depreciation, depletion, and amortization 68,101 71,245 145,219 130,925
Impairment of oil and natural gas properties (Note 2) 410,536 0 811,129 0
Contract drilling:        
Operating costs 36,485 66,494 88,231 130,298
Depreciation 13,265 20,239 28,278 38,634
Impairment of contract drilling equipment (Note 3) 8,314 0 8,314 0
Gas gathering and processing:        
Operating costs 40,592 78,648 84,767 159,608
Depreciation and amortization 10,848 10,109 21,542 19,700
General and administrative 9,624 10,600 18,994 20,237
Gain on disposition of assets (415) (195) (960) (9,621)
Total operating expenses 643,322 301,863 1,296,697 574,919
Income (loss) from operations (428,875) 103,568 (827,151) 218,500
Other income (expense):        
Interest, net (7,956) (4,131) (15,196) (7,921)
Gain (loss) on derivatives not designated as hedges (1,919) (10,709) 4,667 (29,075)
Other 24 (49) 22 71
Total other expense (9,851) (14,889) (10,507) (36,925)
Income (loss) before income taxes (438,726) 88,679 (837,658) 181,575
Income tax expense (benefit):        
Current 803 8,475 868 18,270
Deferred (165,140) 25,844 (315,783) 52,000
Total income taxes (164,337) 34,319 (314,915) 70,270
Net income (loss) $ (274,389) $ 54,360 $ (522,743) $ 111,305
Net income (loss) per common share:        
Basic $ (5.58) $ 1.12 $ (10.66) $ 2.29
Diluted $ (5.58) $ 1.11 $ (10.66) $ 2.27