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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Oil and natural gas $ 385,774 $ 740,079 $ 649,718
Contract drilling 265,668 476,517 414,778
Gas gathering and processing 202,789 356,348 287,354
Total revenues 854,231 1,572,944 1,351,850
Oil and natural gas      
Operating costs 166,046 187,916 184,001
Depreciation, depletion, and amortization 251,944 276,088 226,498
Impairment of oil and natural gas properties (Note 2) 1,599,348 76,683 0
Contract drilling      
Operating costs 156,408 274,933 247,280
Depreciation 56,135 85,370 71,194
Impairment of contract drilling equipment (Note 2) 8,314 74,318 0
Gas gathering and processing      
Operating costs 161,556 306,831 243,406
Depreciation and amortization 43,676 40,434 33,191
Impairment of gas gathering and processing systems (Note 2) 26,966 7,068 0
General and administrative 35,345 42,023 38,323
(Gain) loss on disposition of assets 7,229 (8,953) (17,076)
Total expenses 2,512,967 1,362,711 1,026,817
Income (loss) from operations (1,658,736) 210,233 325,033
Other income (expense):      
Interest, net (31,963) (17,371) (15,015)
Gain (loss) on derivatives not designated as hedges and hedge ineffectiveness, net 26,345 30,147 (8,374)
Other 45 (70) (175)
Total other income (expense) (5,573) 12,706 (23,564)
Income (loss) before income taxes (1,664,309) 222,939 301,469
Income tax expense (benefit):      
Current (20,616) 9,378 15,991
Deferred (606,332) 77,285 100,732
Income tax expense (benefit) (626,948) 86,663 116,723
Net income (loss) $ (1,037,361) $ 136,276 $ 184,746
Net income (loss) per common share:      
Basic $ (21.12) $ 2.80 $ 3.83
Diluted $ (21.12) $ 2.78 $ 3.80